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AU Small Finance Fixed Deposit Interest Rates

FD Interest Rate in AU Small Finance Bank 2021

Last Updated 14th Oct 2021

When it comes to the FD interest rate, the highest rate offered on AU Small Finance Bank FD is 6.00%. Latest AU Small Finance Bank FD interest rate for senior citizens, on the other hand, ranges between 4.25% to 6.75%.You can earn up to ₹ 30,000 per lakh by investing some money in a fixed deposit account.

Time Duration FD Interest Rates Today Current FD Interest Rates for Senior Citizen
7 days to 1 month 15 days 3.50% 4.25%
1 month 16 days to 3 months 4.00% 4.75%
3 months 1 day to 6 months 4.35% 4.85%
6 months 1 day to 12 months 4.85% 5.60%
12 months 1 day to 15 months 5.85% 6.50%
Earn upto 6.95% on FD APPLY NOW

AU Small Finance Fixed Deposit Features

AU Small Finance Bank FDs are one the best investment options available for depositors who are looking to invest in a fixed income instrument and earn higher returns than the savings account. Key Features of AU Small Finance Bank Fixed Deposit are:

  • Deposit Amount : AU Small Finance Bank FD can be opened with an amount as a low ₹ 1,000 to up to No limit.
  • FD Tenure : Ranges between 7 days to 120 months.
  • Interest Rate Range : 3.50% p.a. to 6.00% p.a.
  • Senior Citizens FD Rate : 4.25% p.a to 6.75% p.a.
  • Highest Interest Rate : As per today’s rate, AU Small Finance Bank’s highest interest rate on FD is 6.00% offered for a tenure of 120 months.
  • Safety of AU Small Finance Bank Deposits : AU Small Finance Bank deposits are covered under the Deposit Insurance Scheme of RBI in which up to ₹ 5 lakh of all deposits of a depositor are insured by DICGC.
  • Loan against FD : AU Small Finance Bank provides loan against FD to help its depositor meet their liquidity requirements without breaking the FD.
  • Auto- Renewal Facility : Available
  • Nomination Facility : Available
  • Popular FD Schemes : Sweep In Facility , Regular Fixed Deposit, AU Small Finance Bank 5 Years Tax Saving Fixed Deposit

AU Small Finance Bank FD Interest Rates Today

Interest rates on AU Small Finance Bank deposits are updated regularly by the Government of India. The following are updated AU Small Finance Bank FD interest rates 2021:

Tenure Interest Rate
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 4.35%
6 months 1 day to 12 months 4.85%
12 months 1 day to 15 months 5.85%
15 months 1 day to 18 months 5.75%
18 months 1 day to 24 months 5.75%
24 months 1 day to 36 months 6.00%
36 months 1 day to 45 months 5.75%
45 months 1 day to 60 months 5.75%
60 months 1 day to 120 months 6.00%

AU Small Finance Bank FD Rates for Senior Citizens

With an aim to attract senior citizens above the age of 60 years to invest in the fixed deposits, AU Small Finance Bank offers a higher interest rate to senior citizens than the general public. Fixed deposit interest rates for senior citizens in AU Small Finance Bank 2021 are as follows:

Tenure Interest Rate for senior citizens
7 days to 1 month 15 days 4.25%
1 month 16 days to 3 months 4.75%
3 months 1 day to 6 months 4.85%
6 months 1 day to 12 months 5.60%
12 months 1 day to 15 months 6.50%
15 months 1 day to 18 months 6.50%
18 months 1 day to 24 months 6.50%
24 months 1 day to 36 months 6.75%
36 months 1 day to 45 months 6.50%
45 months 1 day to 60 months 6.50%
60 months 1 day to 120 months 6.75%

AU Small Finance Bank Fixed Deposit Rates – Premature Withdrawal

You can close your AU Small Finance Bank FD account prematurely, however AU Small Finance Bank charges a penalty of 0 for premature withdrawal. Also, The penal provisions for premature closure on AU Small Finance Bank FD are subject to change from time to time and may also vary with deposit schemes.

Nomination Facility on AU Small Finance Bank FD

AU Small Finance Bank also offers a nomination facility on Fixed Deposit to claim the amount in case of the depositor's death. You can file the details of only 1 nominee when opening an AU Small Finance Bank FD account. The nominee has to submit his/her identification proof at the time of claim.

AU Small Finance Bank Fixed Deposit Scheme

Sweep In Facility

Description:

  • Under Sweep in facility, one can choose to link one or more Fixed Deposits to his Current or Savings Account. Any shortfall in his Current or Savings Account can be paid through the linked Fixed Deposit(s). Deposits are broken down in units of Rs.100, thereby reducing interest loss.
  • Flexibility in altering the deposit tenure, maturity and payment instruction, principal amount and roll over period.
  • More than one FDs can be linked to your Current or Savings Account.
  • In case of multiple linked FDs, sweep-in of funds from Fixed Deposit(s) to Current or Savings Account will happen on Lowest Rate First Out basis. It means that the FD with the lowest interest rate will be broken first, thereby reducing interest loss.

Who is eligible?

  • Resident Individuals, HUFs and Minors.
Regular Fixed Deposit

Description:

  • Fixed deposits of AU Small Finance Bank offers lucrative interest rates coupled with safety and flexible payout options. It is a low-risk investment with moderate returns. Further, moderate returns ensure that it beats inflation. The lumpsum amount after the stipulated time makes it a viable Bank to bank on.
  • A minimum initial amount of Rs. 1000 is required to open a Fixed Deposit.
  • Quarterly and monthly payout options available.
  • A high rate of interest for senior citizen.
  • TDS will be applicable if the total interest payable or reinvested in FD is greater than Rs. 50,000 for senior citizen and Rs. 40,000 for others in a financial year.

Who is eligible?

  • Resident Indians, Hindu Undivided Families, Sole proprietorship firms, Partnership firms, Limited companies and Trust accounts.
AU Small Finance Bank 5 Years Tax Saving Fixed Deposit

Description:

  • The FD has been formulated to help the resident individuals, HUFs and minors save their money on tax and derive effective yields and returns on their fixed deposits.
  • TDS will be applicable if the total interest payable or reinvested in FD is greater than Rs. 50,000 for senior citizen and Rs. 40,000 for others in a financial year.
  • A minimum initial amount of Rs. 1000 is required to open a Fixed Deposit.
  • A locked in fixed period of 5 Years.
  • In case of joint deposits, the tax benefit will be available only to the first holder of the deposit

Who is eligible?

  • Resident Individuals, HUFs and Minors.

Earn upto ₹ 30,000 Per Lakh on AU Small Finance Bank Fixed Deposit?

To earn ₹ 30,000 per lakh on an online FD for 60 months:-

  • Investment Amount - ₹ 1,00,000
  • FD Interest Rate - 6.00%
  • Tenure - 60 months
  • Calculation formula - Simple interest
  • Interest Payout - ₹ 30,000
  • FD Maturity Amount - ₹ 1,30,000

Note: Before investing in a fixed deposit account, you must compare the FD rates offered by different financial institutions. This way, you can earn the maximum returns.

Documents Required to Open Fixed Deposit Account in AU Small Finance Bank

  • PAN Card is mandatory if the amount exceeds 50,000.
  • Age proof (Birth certificate, matriculation certificate, etc,)
  • Passport size photographs
  • Bank A/c details

FD Account Opening Process at AU Small Finance Bank

To open an AU Small Finance Bank Fixed Deposit, follow the steps as mentioned below:

  • Visit the official website of AU Small Finance Bank and log in to your FD account.
  • From the menu, choose the Fixed Deposit option, the Type of FD you want to open and click on proceed.
  • Enter the deposit amount and select the ‘Senior Citizen’ option if you are above 60.
  • Now, choose the deposit tenure and interest payout frequency.
  • Finally, click on Submit to open the AU Small Finance Bank FD after reading the terms and conditions.

Loan Against Fixed Deposit AU Small Finance Bank

AU Small Finance Bank offers loans up to 0% against its own deposit. Note that AU Small Finance Bank will not give you loan against FD of any other bank. AU Small Finance Bank offers Loan against FD at the rate of 4.5% to 7%

FAQs

What is the highest fixed deposit interest rate for AU Small Finance Bank?

You can earn a maximum interest of 6.00% on AU Small Finance Bank fixed deposit deposits for a tenure of 10 months.

Are there any special rates for senior citizens FD of AU Small Finance Bank?

Yes, senior citizens get a higher rate on their deposits compared to FD rates. The rate of regular FD are in the range of 3.50% to 6.00%. Compared to this, AU Small Finance Bank senior citizens FD are in the range of 4.25% to 6.75%.

What are the current AU Small Finance Bank FD interest rates 2021?

Current interest for FD in AU Small Finance Bank ranges between 3.50% - 6.00%. for different tenure.The highest rate is offered on a tenure 6.75 months/years. For senior citizens the interest rates ranges bweteen 4.25% - 6.75%.

Is there any minimum amount that I have to give for opening a Fixed Deposit with AU Small Finance Bank?

The minimum deposit amount required to book an FD with AU Small Finance Bank is ₹ 1,000 and there is no limit for maximum amount.

Did AU Small Finance Bank increase FD rates in 2021?

No, AU Small Finance Bank has reduced its Fixed Deposit rates by upto 0.25%. The best rate on AU Small Finance Bank FD has been cut to 6.00% from 6.25% earlier. The fixed deposit rates of AU Small Finance Bank are now in the range of 3.50% to 6.00% with effect from 20 Oct, 2021.

Is it possible to change the tenure of my existing fixed deposit account with AU Small Finance Bank?

No, it is not possible to alter the tenure selected for the fixed deposit account once the account is opened. However, you may close your existing fixed deposit account and can open a new account with a desired tenure of your choice.

What are the implications of opening an FD bank account without having PAN?

Following are the implications for the customers opening an FD account with AU Small Finance Bank without their PAN card

  • Your TDS will be deducted at the rate of 20% as against 10% under section 206AA
  • NO TDS credit from the Income Tax department
  • NO TDS certificate will be issued
  • Form 15G/H and other exemption certificates will be invalid and penal TDS will apply

Can a customer open an FD account online in AU Small Finance Bank?

Yes, you can submit your application for opening an FD account on the website of AU Small Finance Bank. After submitting the application, you will be contacted by the bank’s representative for the further process, which includes filling an application process and submitting KYC documents.

In how many years FD will double in AU Small Finance Bank?

The interest rate on FD depends upon the tenure you choose. To know the time period in which your FD amount will get doubled, you need to divide 72 the 6.00%. For AU Small Finance Bank FD the number of years in which your FD will get doubled is; 72/6.00 = 12

What is the interest of 1 lakh in the AU Small Finance Bank?

The interest on AU Small Finance Bank fixed deposit depends on the tenure of the FD for which it is deposited. The highest interest rate is 6.00% for tenure and banks offer senior citizens little more, which is 6.75%.


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AU Small Finance News - Oct 2021
  • 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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