• 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 3.50% p.a. to 6.50% p.a. on different tenures. The highest interest rate of 6.50% p.a. is being offered to the general public for the investment period of 24 months 1 day to 3 years and 5 years 1 day to 10 years.

    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

    FD interest rates offered by AU Small Finance Bank for General Public (Less than Rs.2 crore)

    Tenure Bucket Interest Rates
    7 Days to 1 Month 15 Days 3.50%
    1 Month 16 Days to 3 Months 4.00%
    3 Months 1 Day to 6 Months 4.75%
    6 Months 1 Day to 12 Months 5.25%
    12 Months 1 Day to 15 Months 6.35%
    15 Months 1 Day to 18 Months 6.25%
    18 Months 1 Day to 24 Months 6.25%
    24 Months 1 Day to 36 Months 6.50%
    36 Months 1 Day to 45 Months 6.25%
    45 Months 1 Day to 60 Months 6.25%
    60 Months 1 Day to 120 Months 6.50%

    Note: The interest rates are effective from 01 April 2021.

    FD interest rates offered by AU Small Finance Bank for Senior Citizens (Less than Rs.2 crore)

    Tenure Bucket Interest Rates
    7 Days to 1 Month 15 Days 4.00%
    1 Month 16 Days to 3 Months 4.50%
    3 Months 1 Day to 6 Months 5.25%
    6 Months 1 Day to 12 Months 5.75%
    12 Months 1 Day to 15 Months 6.85%
    15 Months 1 Day to 18 Months 6.75%
    18 Months 1 Day to 24 Months 6.75%
    24 Months 1 Day to 36 Months 7.00%
    36 Months 1 Day to 45 Months 6.75%
    45 Months 1 Day to 60 Months 6.75%
    60 Months 1 Day to 120 Months 7.00%

    Note: The interest rates are effective from 01 April 2021.

    How to Apply for 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.

    FAQs on AU Small Finance Bank Fixed Deposit

    1. Does the FD account renew automatically?

      If you have not given any instructions to the bank on the next step to be taken once the account is matured, the lender will go ahead and renew your deposit for the tenure set earlier.

    2. Can a senior citizen open a joint fixed deposit account with a non-senior citizen?

      Yes, a senior citizen can open a regular fixed deposit account with a non-senior citizen.

    3. Can I change my existing FD account tenure?

      No, you cannot change your existing FD account tenure.

    4. What is the minimum deposit amount for opening an FD account?

      The minimum deposit amount is Rs.1,000.

    5. Is the nomination facility available if I wish to open an FD account with the bank?

      Yes, the nomination facility is available if you wish to open an FD account with the bank.

    6. At what frequency will I receive interest on my FD?

      You can receive interest on your FD either on a monthly basis or on a quarterly basis.

    7. Can I liquidate my FD online through net banking or mobile banking prematurely?

      No, you cannot liquidate your Fixed Deposit online via mobile or net banking. You will have to visit the nearest bank’s branch to complete the process.

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