For risk-averse investors, the fixed deposit has proven to be a reliable vehicle to park surplus funds and create wealth. With issuers such as AU Small Finance Bank, you can start investing efficiently by choosing from many FD options available. Moreover, the AU Small Finance Bank FD allows you to choose a flexible tenor.
You can choose from the many options based on your investing strategy, goals, and investor profile. For regular deposits, you can get up to 8.00% p.a. interest with an additional interest rate of 0.50% for senior citizens.
Read on to learn more about the latest AU Small Finance Bank FD rates, features and benefits, eligibility required, and more.
AU Small Finance Bank bagged the banking license in 2015 and received the scheduled bank status on November 1, 2017. Since then, the bank has built a strong customer base and remains one of the leading and trustworthy retail banks.
The bank caters to a diverse range of financial requirements, from investment products to credit options. AU Small Finance Bank FD is an investment product offering attractive interest rates to senior citizens and other investors, helping them earn potential returns.
FD interest rates are calculated depending on tenure, deposit amount, customer age, etc. Here are the interest rates applicable to AU Small Finance Bank FDs -
Applicable Interest Rates on Fixed Deposits w.e.f. August 16, 2023
Tenure |
Interest rates (p.a.)
|
Interest rates for Senior Citizens (p.a.) |
7 Days – 1 Month 15 Days |
3.75% |
4.25% |
1 Month 16 Days – 3 Months |
4.25% |
4.75% |
3 Months 1 Day – 6 Months |
5.00% |
5.50% |
6 Months 1 Day – 12 Months |
6.75% |
7.25% |
12 Months 1 Day – 15 Months |
7.75% |
8.25% |
15 Months 1 Day – 18 Months |
7.50% |
8.00% |
18 Months 1 Day – 24 Months |
7.50% |
8.00% |
24 Months 1 Day – 36 Months |
8.00% |
8.50% |
36 Months 1 Day – 45 Months |
7.75% |
8.25% |
45 Months 1 Day – less than 60 Months |
7.25% |
7.75% |
60 Months – 120 Months |
7.25% |
7.75% |
Disclaimer: Note that these AU Small Finance Bank Fixed Deposit rates are effective as of August 16 2023, and are applicable on domestic and NRE/NRO term deposits up to ₹2 Crores. ** For NRE Fixed Deposit: tenures of 12 months 1 day & above are applicable. They are subject to change at the issuer’s discretion.
Here are different types of FDs you can choose from:
Enjoy high interest rates with a regular deposit account to grow your wealth
Option to add beneficiary to claim the deposit on your behalf in the case of an unfortunate event
Premature withdrawal is allowed
Earn high interest rates and enjoy tax benefits on your cumulative interest income
A mandatory lock-in period of 5 years
Avail tax exemption of up to ₹1.5 Lakhs under section 80C of the Income Tax Act, 1961
Choose from flexible tenor options ranging from 7 days to up to 10 years
Option to choose between monthly, quarterly, annual and cumulative interest payout modes
You must meet the required eligibility criteria before applying for an AU Small Finance Bank Fixed Deposit. You are eligible if you are:
Above the age of 18 years
An Indian resident, NRI or a member of Hindu Undivided Family
A Partnership firm, Sole Proprietorship firm, Limited Company, or Trust
You can easily apply online with minimal KYC documentation if you fit the eligibility criteria. Here is the list of documents you are required to submit to book an AU Small Finance Bank FD.
Proof of identity, including your Aadhaar card, PAN card, Driving license, Voter ID, or Passport
Proof of address, including your Aadhaar card, Passport
Latest passport-size photograph
Book an AU Small Finance Bank Fixed Deposit from anywhere to get higher returns. You can also get your interest paid periodically and generate a steady income. Payout options include monthly, quarterly, and at maturity.
However, you can also compare interest rates offered by other issuers to invest wisely. To start investing in the AU Small Finance Bank FD, visit Bajaj Markets for an easy and hassle-free online digital investment process.
Fixed Deposit Rates for Other Banks |
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You can start investing in a Fixed Deposit with a minimum investment of ₹1,000. There is no maximum amount in regular fixed deposits. The maximum tax savings fixed deposit amount is ₹1.50 lakh per financial year.
TDS is mandatory on annual interest earnings over ₹40,000 for regular investors and ₹50,000 for senior citizens.
Yes. In case of an emergency, you can withdraw your FD before maturity.