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AU Small Finance FD Calculator

AU Small Finance Bank Fixed Deposit Calculator 2022

Last Updated 13th Jan 2022

AU Small Finance Bank FDs have tenures ranging from 1 year 11 months 26 days to 9 years 10 months 15 days with maximum rate of interest of 6.00%. Interest rates for senior citizens are higher than the normal rates and ranges upto 6.75%.

Tenure Interest Rate for General Public Interest Rate for Senior Citizens Max Maturity Amount per Lakh
7 days to 1 month 15 days 3.50% 4.25% ₹ 1,00,067 - ₹ 1,00,528
1 month 16 days to 3 months 4.00% 4.75% ₹ 1,00,508 - ₹ 1,01,188
3 months 1 day to 6 months 4.35% 4.85% ₹ 1,01,100 - ₹ 1,02,440
6 months 1 day to 12 months 4.85% 5.60% ₹ 1,02,454 - ₹ 1,05,719
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AU Small Finance Bank Fixed Deposit Calculator

AU Small Finance Bank fixed deposit calculator helps you calculate maturity value of your deposited amount at the interest rate which is compounded quarterly. The amount of fixed deposits, interest rates on FD, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.

  • Deposit amount – This is the initial amount deposited by a customer in AU Small Finance Bank. Banks may allow a higher interest rate on larger deposits. AU Small Finance Bank offers a deposit amount in the range of Rs. 1,000 to No Limit.
  • Rate of Interest - Interest rate is the rate charged by the bank on your fixed deposit. AU Small Finance Bank offers a higher rate of interest on fixed deposits of longer tenure and lower interest rate on deposits of less than a year. Highest interest rate offered by AU Small Finance Bank is 6.00% for deposit amount Below Rs. 2 crores corresponding to a deposit tenure of 1 year 11 months 26 days to 9 years 10 months 15 days.
  • Period of deposit - Bank offers low interest rate for short tenure FDs and higher interest rate for long tenure FDs. Bank offers a rate of 3.50% for a 1 year 11 months 26 days FD and a rate of 6.00% for a 9 years 10 months 15 days FD.
  • Interest Compounding Frequency - This determines the frequency at which interest is compounded. Compounding frequency can be monthly, quarterly, half yearly or annual frequency.
  • TDS applicability and TDS rate - A TDS of 10% of interest amount is applicable if you earn more than Rs 40,000 in a year from FD, which is called FD income. If you do not submit the PAN Card to the bank then TDS rate will be 20% of interest amount.
    • Illustration: Mr. A opens a FD account of ₹ 1,00,000 with a tenure of 7 days at an interest rate of 3.50%. In this case, the maturity amount at the end of 7 days will be ₹ 1,00,671 which includes the principal of ₹ 1,00,000 and interest of ₹ 671 is earned on the principal amount during the period. Similarly, you can calculate the interest and maturity amount for higher tenures by using FD calculators.

      AU Small Finance Bank calculates quarterly interest on its fixed deposits. You can also opt for a tax saving scheme to save tax on fixed deposit.

How to Use MyLoanCare FD Calculator

Here is a simple procedure to use MyLoanCare FD calculator:-

  • Go to the FD Calculator.
  • Fill the fields like Deposit Amount, Rate of Interest, Period of Deposit (In years or months), Interest compound frequency.
  • Click Calculate.
  • Result will be shown, which will consist of total maturity amount and total interest earned

AU Small Finance Bank Fixed Deposit Interest Rate Calculator – Interest Payment Options

  • Non Cumulative- In a periodic interest payout option, AU Small Finance Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • Cumulative- In case you opt for a AU Small Finance Bank cumulative deposit on maturity you would get a credit for the principal and interest earned net of TDS.

How is AU Small Finance Bank FD Rate Calculated?

AU Small Finance Bank calculates fd interest in two ways, one is cumulative and non-cumulative as discussed above. It is a decision made by you whether you want interest payout at the end of the tenure or monthly, quarterly, half-yearly or yearly. To earn more money you can go for a cumulative method because interest earned throughout the tenure is added to the principal amount and is compounded then. However, if you are looking for monthly income or so then you can go for non-cumulative.

AU Small Finance Bank FD Maturity Calculation for 5 Year

The interest earned on a fixed deposit in AU Small Finance Bank depends on the deposit amount, interest applicable, deposit tenure and the type of interest calculation frequency. Interest on AU Small Finance Bank FD can be calculated monthly, quarterly, half-yearly and annually.

Let’s understand how much interest you will earn if you invest ₹ 1,00,000 in AU Small Finance Bank FD for a 5-year tenure at an interest rate of 6.00% for depositors below 60 years and 6.75% for senior citizens.The maturity schedule of AU Small Finance Bank FD for 5 years is explained below in the table –

Maturity Schedule for ₹ 1,00,000 FD at 6.00% for Citizens below 60 years and at 6.75% for Senior Citizens for 5 years

Year Citizens below 60 Years of Age Senior Citizens above 60 Years
Interest Earned Closing Balance Interest Earned Closing Balance
2022 ₹ 6,136 ₹ 1,06,136 ₹ 6,923 ₹ 1,06,923
2023 ₹ 6,513 ₹ 1,12,649 ₹ 7,402 ₹ 1,14,325
2024 ₹ 6,913 ₹ 1,19,562 ₹ 7,914 ₹ 1,22,239
2025 ₹ 7,337 ₹ 1,26,899 ₹ 8,462 ₹ 1,30,701
2026 ₹ 7,787 ₹ 1,34,686 ₹ 9,048 ₹ 1,39,749

AU Small Finance Bank FD Calculator Formula

Along with an online FD Calculator, you can use the formula to do the mathematical calculation of the maturity amount and interest earned on AU Small Finance Bank FD.

A = P (1 + r/n) ^ n*t
In the above formula –

  • A - Amount received on maturity
  • P - Deposit amount
  • r - Annual interest rate
  • n - Number of times the interest is compounded
  • t is Investment tenure

Other Investment Calculators

FAQs

What is the highest interest earned on AU Small Finance Bank fixed deposit?

You can earn a maximum interest of 6.00% on AU Small Finance Bank fixed deposits.

How many years FD will double in AU Small Finance Bank?

The growth of AU Small Finance Bank FD depends on the rate of interest and tenure. There is a method called Rule 72, which computes the number of years it will take to double one’s amount invested in AU Small Finance Bank FD.You can also use AU Small Finance Bank fd calculator to calculate the maturity amount. Now to apply the rule, one needs the rate of interest we get on FD. Let’s say the interest offered on FD is 7.05%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/7.05 = 10.21. So it will take a little more than 14 years for one’s investment to get doubled in AU Small Finance Bank.

What are the minimum and maximum amounts that I can invest in an AU Small Finance Bank FD?

The minimum investment limit in AU Small Finance Bank Fixed deposit account is ₹ 1,000 and there is no maximum investment limit on FD.

Can I withdraw my premature FD from AU Small Finance Bank?

Yes, you can withdraw your premature FD amount if you want money before the tenure ends. However, you might have to pay a penalty fee ranging from 0 of FD amount for premature withdrawal.

How can I calculate AU Small Finance Bank premature FD amount?

To calculate premature FD amount you can use AU Small Finance Bank bank fd calculator. All you have to put is the value of the invested amount, tenure, interest rate and premature penalty rate (if any).


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AU Small Finance News - Jan 2022
  • 2021-09-03 : AU Small Finance Bank changes FD rates
    AU Small Finance Bank has revised fixed deposit rates. This bank offers different tenures with various other benefits. A depositor will enjoy the interest of 5.85% and 6.00% for 12 Months 1 Day to 15 Months and 24 Months 1 Day to 36 Months tenure, respectively.
  • 2021-06-28 : FD rates revised for AU Small Finance Bank
    With effect from June 23, 2021, AU small Finance Bank revised its FD rates, the FD rates for 7 days to 1 month 15 days is 3.50%, for 1 month 16 days to 3 months is 4% and it stands at 4.50% for 3 months 1 day to 6 months. Further, the FD rates for 6 months 1 day to 12 months is 5%, for 12 months 1 Day to 15 months and it is 6.10% and stands at 6% for 15 months 1 Day to 24 months. The FD rates for long tenors of 24 months 1 day to 36 months is 6.25%, for 36 months 1 day to 60 months and 6% and for 60 months 1 day to 120 months, it is 6.25%.
  • 2021-04-30 : AU Small Finance Bank Q4 net profit up 38 per cent at Rs 169 cr
    AU Small Finance Bank reported a 38% hike in its net profit at Rs 168.98 crore for the last quarter of the fiscal ended March 2021. The profit was boosted by retail loans like home, personal, LAP, two-wheeler, car, education and doctor loan along with deposits which include fixed and recurring deposits. Total income during Q4 FY21 rose to Rs 1,569 crore as against Rs 1,366.60 crore. Interest income moved up to Rs 1,292.37 crore during the reported quarter from Rs 1,183.45 crore in the year-ago period.
  • 2021-03-02 : AU Small Finance Bank revised its FD rates
    With effect from 3 March 2020, AU small Finance Bank revised its FD rates, the FD rates for 7 days to 1 month 15 days is3.50%, for 1 month 16 days to 3 months 4% and it stands at 4.75% for 3 months 1 day to 6 months. Further, the FD rates for 6 months 1 day to 12 months is 5.25%, for 12 months 1 Day to 15 months and it is 6.35% and stands at 6.25% for 15 months 1 Day to 24 months. The FD rates for long tenors of 24 months 1 day to 36 months is 6.50%, for 36 months 1 day to 60 months and 6.25% and for 60 months 1 day to 120 months it is 6.50%.
  • 2020-04-15 : AU Small Finance Bank revised its FD rates
    With effect from 15 April 2020, AU small Finance Bank revised its FD rates, the FD rates for 7 days to 1 month 15 days is 5.25%, for 1 month 16 days to 3 months 6% and it stands at 6.50% for 3 months 1 day to 6 months. Further, the FD rates for 6 months 1 day to 12 months is 7%, for 12 months 1 Day to 15 months and it is 7.63% and stands at 7.50% for 15 months 1 Day to 24 months. The FD rates for long tenors of 24 months 1 day to 36 months is 7.77%, it is 7.50% for 36 months 1 day to 60 months and 7.25% and for 60 months 1 day to 120 months it is 7.25%.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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