AU Bank is a regional rural bank in India, headquartered in Amritsar, Punjab. It was established in 1965 with the primary objective of serving the rural and agricultural communities in the region. Since then, the bank has expanded its operations and now offers a range of financial services and products to individuals and businesses.
The full form of AU Bank is Andhra Pradesh Grameena Vikas Bank, reflecting its origin as a regional rural bank in the state of Andhra Pradesh. The bank was originally established to provide credit and financial services to the rural and under-banked communities in the region. Over the years, the bank has expanded its operations and now serves customers in several states, including Punjab, Haryana, Himachal Pradesh, and Delhi.
Today, AU Bank offers a range of products and services, including savings and current accounts, fixed deposits, loans, and various other financial services. The bank also provides digital banking services, including mobile and internet banking, to help customers manage their finances on-the-go.
In addition to its financial services, AU Bank is also committed to contributing to the social and economic development of the communities it serves. The bank supports various initiatives aimed at promoting education, health, and environmental sustainability.
Overall, AU Bank is a well-established financial institution that plays an important role in serving the financial needs of the rural and under-banked communities in India. By offering a range of financial products and services, and supporting the development of these communities, the bank is helping to create a more inclusive and sustainable financial system in the country.