• AU Small Finance Bank Fixed Deposit

    AU Small Finance Bank which started operations in April 2017 offers both regular fixed deposit and tax saving fixed deposits to customers. It offers attractive rates on all investment tenures. Senior citizens who invest in the fixed deposits are offered an additional interest of 0.50% on all tenures.

    The small finance bank offers an interest rate in the range of 4.00% p.a. to 7.25% p.a. on different tenures. The highest interest rate of 7.25% p.a. is being offered to the general public for the investment period of 24 months 1 day to 3 years. Senior citizens are offered 7.75% p.a. for the same investment tenure.

    In addition to getting good returns on the investment, the term deposits are laced with various features such as the facility of automatic renewal, the option of receiving monthly or quarterly payout, and availing tax benefits. These features bolster the FD package offered by AU Small Finance.

    Types of FD offered by AU Small Finance Bank

    AU Small Finance Bank offer individuals the option of either investing in:

    • Regular fixed deposits
    • Tax saving fixed deposits

    FD interest rates offered by AU Small Finance Bank

    Tenure Interest rate for general public (p.a.) Interest rate for senior citizens (p.a.)

    7 days to 1 month 15 days

    4.00%

    4.50%

    1 month 16 days to 3 months

    4.50%

    5.00%

    3 months 1 day to 6 months

    5.50%

    6.00%

    6 months 1 day to 12 months

    6.00%

    6.50%

    12 months 1 day to 15 months

    7.05%

    7.55%

    15 months 1 day to 2 years

    7.00%

    7.50%

    2 years 1 day to 3 years

    7.25%

    7.75%

    3 years 1 day to 120 months

    7.00%

    7.50%

    Note: The interest rates are effective from 14 July 2020.

    How to apply for a fixed deposit with AU Small Finance Bank

    You can open an FD with AU Small Finance Bank online through net banking or by visiting a bank branch and filling up the application form.

    Eligibility criteria to open regular fixed deposits

    Regular fixed deposits offered by AU Small Finance Bank can be opened by:

    • Resident Indians
    • Partnership firms
    • Trust accounts
    • Hindu Undivided Families
    • Limited Companies
    • Sole Proprietorship firms

    Eligibility criteria to open tax saving fixed deposits

    In order to be eligible for opening a tax saving FD with AU Small Finance Bank, the below-mentioned criteria need to be fulfilled:

    • You must be a resident individual or
    • You must belong to Hindu Undivided Families

    Documents required to be submitted

    To open a fixed deposit, you need submit documents like the PAN card or Aadhaar card to the bank authorities.

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