The study Benchmarking Reasonableness of Service Charges by Banks in India also flags inconsistencies in penal charges imposed by banks for not maintaining a minimum balance
ATK New Delhi [India] May 22 In the realm of banking two fundamental types of accounts reign supreme the savings account and the current account While they both serve as safe harbours for your finances understanding their nuances is crucial for making informed decisions about managing personal or business funds Let us delve into the ABCs of banking to decipher the differences between these two stalwarts of financial management with a special focus on the offerings of AU Small Finance Bank What is a Savings Account with AU Small Finance Bank At AU Small Finance Bank the savings account is more than just a repository for your funds it is a gateway to financial empowerment Designed to cater to the diverse needs of individuals the AU Savings Account offers a plethora of benefits to enhance your banking experience Whether you are saving for a rainy day or planning for the future AU Savings Account provides a seamless blend of security accessibility and growth opportunities Advantages of AU