• AU Small Finance Bank Fixed Deposit

    AU Small Finance Bank's fixed deposit schemes offer flexibility of tenures with attractive interest rates and beneficial features. With a minimal initial booking amount that is as low as Rs.1,000, the bank's fixed deposit schemes are accessible to all. The different payout options are convenient for those that would like a regular income from their fixed deposits.

    Types of AU Small Finance Bank Fixed Deposits

    These are the various AU Small Finance Bank fixed deposit schemes that are available:

    • Regular Fixed Deposit
    • Covid Shield Fixed Deposit
    • 5-year Tax Saving Fixed Deposit
    • NRE Fixed Deposit

    Features of the AU Small Finance Bank Regular Fixed Deposit Scheme

    Some of the useful features of the AU Small Finance Bank Regular Fixed Deposit scheme are as follows:

    • Quarterly and monthly interest payout options.
    • Reinvestment or cumulative options.
    • Additional 0.50% interest rate for senior citizens.
    • Initial booking amount of Rs.1,000.
    • Tenure ranging from one week to 10 years.

    Features of AU Small Finance Bank Covid Shield Fixed Deposit Scheme

    Some of the unique features of the AU Bank Covid Shield Fixed Deposit scheme are:

    • Investment tenure ranging from 2 years and 1 day up to 3 years.
    • Life insurance cover of up to Rs.5 lakh.
    • Interest payout options for regular cashflow.
    • Zero-balance savings account.
    • Pre-qualified personal loans after 1 year at affordable interest rates.
    • Preferential interest rates on car loans, business loans, etc.

    Features of AU Small Finance Bank 5-Year Tax Savings Fixed Deposit Scheme

    The major features of the AU Small Finance Bank 5-Year Tax Savings Fixed Deposit scheme are:

    • Investment amount ranging from a minimum of Rs.1,000 to maximum of Rs.1.5 lakh (in one financial year).
    • Tax deductions of up to Rs.1.5 lakh per annum under Section 80C of the Income Tax Act.
    • Fixed tenure of 5 years with lock-in period for the duration of the FD.

    Features of AU Small Finance Bank NRE/NRO Fixed Deposit Scheme

    These are the features of the AU Small Finance Bank NRE/NRO Fixed Deposit schemes:

    • Investment tenure of NRE Fixed Deposit is 1 year to 10 years.
    • Investment tenure of NRO Fixed Deposit is 7 days to 10 years.

    AU Small Finance Bank Term Deposit Interest Rates

    With effect from 1 April 2021, AU Small Finance Bank's interest rates for domestic and NRE/NRO fixed deposits for less than Rs.2 crore ranges from 3.50% p.a. to 6.50% p.a. for tenures ranging from one week to 10 years. There is an additional 0.50% interest for senior citizens for domestic term deposits that ranges from 4.00% p.a. to 7.00% p.a.

    Eligibility Criteria for AU Small Finance Fixed Deposit Scheme

    The following entities are eligible to open a fixed deposit account with AU Small Finance Bank:

    • Resident Individuals
    • Sole proprietorship firms
    • Limited companies
    • Partnership firms
    • Trust accounts
    • Hindu Undivided Families (HUF)

    AU Small Finance Fixed Deposit Scheme FAQs

    1. When can I get monthly payout on my AU Small Finance Bank FD?

      You can avail a monthly payout option for AU Small Finance Bank FDs which are above 3 months' tenure.

    2. Does AU Small Finance Bank offer additional interest rate to senior citizens for NRE and NRO fixed deposits?

      Additional interest rate on fixed deposits is available only to Resident Indian senior citizens for domestic term deposits.

    3. Who is eligible to open the AU Small Finance Bank 5-year Tax Saving FD?

      Resident Indian individuals and Hindu Undivided Families (HUFs) can open the 5-year Tax Saving FD from AU Small Finance Bank.

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