AU Eternity Savings Account Review | A Comprehensive Guide to Premium Banking Solutions and Exclusive Lifestyle Benefits

AU Small Finance Bank (AU SFB), India's largest small finance bank, has introduced the AU Eternity Savings Account as part of its premium banking program designed for India's growing affluent segment. The program stands out by combining advanced banking solutions with exclusive lifestyle benefits through a partnership with Mastercard. Here's an in-depth review of the AU Eternity Savings Account to help you understand its features, benefits, and limitations.

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Savings Account Details and Banking Privileges

The AU Eternity Savings Account offers several privileges aimed at providing a seamless banking experience with added financial advantages:

Key Banking Privileges:

• Savings Maximisation: Earn higher interest rates of up to 7.25% p.a., with monthly interest payouts to enhance your savings.

• Dedicated Relationship Manager: Get personalized financial guidance to ensure a smooth and tailored banking journey.

• Extended Program Benefits: Group up to 7 additional family or business accounts to enjoy program benefits collectively.

• Locker Discounts: Avail a 75% discount on locker rentals (subject to availability, applicable up to large lockers only).

• Preferential Pricing: Enjoy special pricing on loans, demat accounts, and other financial services.

• Convenient Banking: Extended banking hours till 5 PM and comprehensive digital banking solutions.

Lifestyle Privileges with AU Eternity Savings Account and Debit Card

The AU Eternity program elevates your lifestyle through various premium privileges. Here are the key lifestyle benefits:

1. Marriott Experience Certificates:

• Receive certificates worth ₹6,000 on joining and completing one year.

• These certificates can be redeemed for stays, dining, and spa services.

• Eligibility: Maintain program criteria and spend ₹50,000 using the AU Debit Card within the first 4 months. More details

2. Amazon Prime Membership:

• Get a complimentary Amazon Prime membership worth ₹1,499 upon reaching milestone spends.

• Eligibility: Maintain program criteria and spend ₹50,000 using the AU Debit Card within the first 4 months. More details

3. BookMyShow Movie Offers:

• Enjoy a Buy 1 Get 1 Free offer (up to ₹400) for 24 free tickets annually (2 per month).

4. Golf Lessons and Green Fees:

• Get 12 complimentary golf lessons annually (1 per month) and 4 free rounds of green fees.

5. EazyDiner Prime Membership:

• Avail a 1-year EazyDiner Prime membership worth ₹3,550.

• Activation: Make an authentication transaction of ₹2 using the AU Eternity Debit Card. More details

6. Moneycontrol Pro Membership:

• Receive a complimentary annual Moneycontrol Pro membership worth ₹1,499.

Free Services

The AU Eternity Savings Account includes several complimentary banking services to enhance your convenience:

• Unlimited ATM Transactions: Free transactions at both AU and other bank ATMs using the AU Eternity Debit Card.

• Free Fund Transfers: Via RTGS, NEFT, UPI, and IMPS.

• Unlimited Cash Withdrawals: At any AU Small Finance Bank branch using the debit card.

• Demand Drafts: Complimentary issuance and revalidation.

• Cheque Services: No charges for stop payment, retrievals, or additional cheque book issuance.

• Account Maintenance: Free statements, SMS alerts, and account closure.

• Pick-up and Delivery: Complimentary pick-up and delivery service for cheques and demand drafts.

Wealth Management Services

The AU Eternity program offers specialized wealth management services to help affluent customers grow their wealth effectively:

• Bespoke Strategies: Access tailored financial guidance from a dedicated team of wealth specialists.

• Premium Pricing: Get a complimentary demat account and preferential pricing on broking services.

• Enhanced Trading Tools: Utilize the IPO ASBA platform to maximize your investment returns.

AU Eternity Debit Card Details and Exclusive Privileges

The AU Eternity Debit Card offers several exclusive benefits to enhance your banking experience:

Key Debit Card Benefits:

• Low Cross-Currency Markup: Only 0.90% on international transactions.

• Lounge Access: Enjoy 2 international airport lounge visits per quarter. Details

• Domestic Airport Dining: Get dining vouchers worth ₹1,000 every quarter (eligibility criteria apply).

• Golf Lessons: Access 1 complimentary golf lesson per calendar month using the AU Eternity Debit Card.

Insurance Coverage:

• Personal Accident Cover: Up to ₹10 lakhs.

• Air Accident Cover: Up to ₹1 crore.

• Purchase Protection: Coverage of up to ₹50,000.

• Card Liability Cover: Up to ₹5 lakhs.

• Lost Baggage Cover: Up to ₹2 lakhs.

Transaction Limits:

• E-commerce and POS: Daily limit of ₹7,00,000.

• ATM Withdrawal: Daily limit of ₹4,00,000.

Other Benefits:

• Fuel Surcharge Waiver: Save more on fuel transactions.

• Exclusive Brand Offers: Get special deals and discounts from leading brands.

• Contactless Payment: Make transactions up to ₹5,000 in India without needing to enter a PIN.

Fees and Charges

• Debit Card Annual Fee: Zero annual fee, but a ₹2,000 charge applies if the account is closed or downgraded.

• International ATM Charges: ₹100 for financial transactions and ₹25 for non-financial transactions.

Eligibility Criteria

To qualify for the AU Eternity program, customers must meet one of the following criteria:

• Maintain an Average Monthly Balance (AMB) of ₹10 lakhs in the Savings Account.

• Maintain an AMB of ₹10 lakhs in the Current Account.

• Maintain an AMB of ₹10 lakhs across Current & Savings Accounts.

• Maintain a Total Relationship Value (TRV) of ₹30 lakhs (minimum CASA: ₹5 lakhs).

• Net Salary Credit of ₹2 lakhs per month (only for AU Eternity Salary Account).

Limitations and Charges

Cash Deposit Limit:

• Free up to ₹7 lakhs per month; post-limit charges at ₹4/1,000 (₹50 minimum).

Cash Pickup & Delivery Charges:

• Up to ₹2 lakhs: ₹750 per visit (₹2,000 monthly service).

• ₹2-₹5 lakhs: ₹1100 per visit (₹5,000 monthly service).

• ₹5-₹10 lakhs: ₹1800 per visit (₹14,000 monthly service).

Instrument/Instruction Charges:

• Inward Cheque/ECS/NACH Returns: ₹500 per instance due to insufficient funds.

• Return Handling Charges: Free for the first 30 cheques; ₹100 per cheque thereafter.

Conclusion

The AU Eternity Savings Account redefines premium banking by offering a blend of sophisticated financial solutions and luxury lifestyle benefits. While the program provides exceptional privileges for affluent customers, the high eligibility criteria and specific spend requirements may be a limiting factor for some users. For those who meet the criteria, it offers a seamless blend of wealth management and lifestyle perks, making it a compelling choice for premium banking.