AU Small Finance Bank Tax-saving FD Interest Rates

Fixed deposits are one of the best investment avenues for risk-averse investors looking for assured returns. You can also choose a tax-saver FD if you wish to enjoy tax deductions under Section 80C of the Income Tax Act of 1961. 

AU Small Finance Bank is among the top FD issuers offering competitive interest rates. You can also invest in the AU Bank tax-saver FD, which helps save tax and aids in financial growth. 

Read on to learn about the features and benefits of AU Bank tax-saver FDs, as well as their interest rates.

The AU Small Finance Bank offers a tax saver fixed deposit, which comes with a tenor of 5 years. By opting for AU Bank tax-saver FD, you can enjoy an income tax deduction of up to ₹1.5 Lakhs. 

The AU Bank tax-saver FD rates are the same as interest rates for regular FDs with a tenor of 60 months, i.e., 7.25% p.a. Moreover, senior citizens can enjoy an additional interest rate of up to 0.50% per annum on the AU Bank tax-saver FD. 

You can also explore other AU Small Finance Bank FD rates for options that don’t come with a long lock-in duration. 

You can apply for a five-year tax-saver FD in the following ways: 

1. Via Bajaj Markets

The tax-saver FD is also available on Bajaj Markets. Through the platform, you can invest online with minimal documents and secure your financial growth easily.  

2. Video Banking

You can use the video banking facility available on the AU Small Finance Bank official website and apply for the tax-saver FD. All you need is a PAN card and an Aadhaar card.

3. AU 0101 App or Net Banking

If you are an existing customer of the AU Small Finance Bank, you can apply for the tax-saver FD through the AU 0101 app or the Net Banking facility.

4. Visit Bank Branch or Contact Customer Care

You can also apply for this FD scheme by visiting the nearest branch. Alternatively, you can also get in touch with the AU Bank customer care at 1800-1200-1200 to apply for a tax-saver fixed deposit.

To get the benefits of AU Bank tax saver FD, you must fulfil the following requirements:

• Indian citizens 

• Hindu Undivided Family (HUF)

In conclusion, investing in the AU Bank tax-saver FD can be a great way to earn income on idle funds and save on taxes. You can also browse the multiple tax saver FD options available on Bajaj Markets and choose one that best fits your goals and finances. To compare the options and plan your investment, use the AU Small Finance Bank FD calculator. 

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