The AU Bank COVID Shield Fixed Deposit is a deposit scheme launched by the bank to help its customers during the pandemic. As the cost-of-living increases and resources are scarce, the bank's new fixed deposit helps you manage your EMIs, rent, school fee, and other expenses.
The annualised returns basis 7% interest rate per annum is for senior citizens.
Yes, you will need a savings account (zero balance) with the bank in order to open an AU Bank COVID shield fixed deposit.
You will be pre-qualified for personal loans after 1 year.
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