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AU Small Finance FD Interest Rates

AU Small Finance FD Rates 2020

Last Updated 24th Jul 2020

AU Small Finance Bank is one of most reliable FD providers amongst a number of FD providers in the market. AU Small Finance Bank FD offers a number of benefits to investors such as higher returns, flexible tenure, lower minimum deposit limit, and loan against FD facility, among others. When it comes to the FD interest rate, the highest rate offered on AU Small Finance Bank FD is 7.25%. Latest AU Small Finance Bank FD interest rate for senior citizens, on the other hand ranges between 4.50% to 7.75%.

Tenure FD interest rates Senior Citizen FD interest rates
7 days to 1 month 15 days 4.00% 4.50%
1 month 16 days to 3 months 4.50% 5.00%
3 months 1 day to 6 months 5.50% 6.00%
6 months 1 day to 12 months 6.00% 6.50%
12 months 1 day to 15 months 7.05% 7.55%

AU Small Finance Fixed Deposit (FD)

AU Small Finance Bank FDs are one the best investment option available for depositors who are looking to invest in a fixed income instrument and earn higher returns than savings account. Key Features of AU Small Finance Bank FD 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 36 months.
  • Interest Rate Range: 4.00% p.a. to 7.25% p.a.
  • Senior Citizens FD Rate: 4.50% to 7.75% p.a.
  • Highest Interest Rate: As per today’s rate, AU Small Finance Bank’s highest interest rate on FD is 7.25% offered for a tenure of 36 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 Best FD Plan

We need to compare tenure wise latest FD rate of AU Small Finance Bank to choose the tenure at which it provides the highest interest rate. AU Small Finance Bank FD rates are best for the deposits with a tenure of 1 year 11 months 26 days to 2 years 11 months 20 days, wherein the current FD rate of interest is 7.25% p.a

If one is looking to invest in short term deposits with AU Small Finance Bank, FD interest rates range from 4.00% p.a. to % p.a for deposits with a tenure of 7 days to less than 365 days. These deposits are known as short term deposits as they have a tenure of less than 1 year. Short term AU Small Finance Bank FD rates for senior citizens range from 4.50% to % p.a.

If one is looking to invest in long term deposits, AU Small Finance Bank FD interest rates with tenure of 5 years to 120 months are a good choice with interest rates on deposits with a tenure of 120 months at 7.00%. Senior citizens are offered special rates from bank with highest deposit rates of 7.50% p.a. on long term FDs.

Fixed Deposits of AU Small Finance Bank have a higher interest rate compared to their saving deposits. Benefits of opening a FD account in AU Small Finance Bank are:

  • Interest on deposit is paid only at the time of the maturity
  • Nomination facility available
  • Extra interest of 0.25% to 0.50% payable to the senior citizens
  • Availability of auto renewal facility on the deposit
  • Earn higher returns on the money deposited

Documents required to open Fixed Deposit Account in AU Small Finance Bank

  • PAN Card is mandatory if the amount exceeds 50,000.

FD in AU Small Finance Bank – Premature Withdrawal

Premature closure of Term Deposit with AU Small Finance Bank is along with the lower interest rate of 0 than the contracted rate. 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.

Loan against Fixed Deposit AU Small Finance Bank

AU Small Finance Bank offers loan 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 5% to 8.25%

FD Account Opening Process at AU Small Finance Bank

To open a Fixed Deposit account in AU Small Finance Bank, you can visit the official website and login to your account. Choose Fixed Deposit option from the menu and select the Type of FD you want to open and proceed. After this, you have to fill the deposit amount and select ‘Senior Citizen’ option if you are above 60. You have to choose the tenure of deposit and interest payout frequency. Click on Submit to open the AU Small Finance Bank FD after reading the terms and conditions.

Nomination Facility on AU Small Finance Bank FD

AU Small Finance Bank offers nomination facility on Fixed Deposit to claim the amount in case of the death of the depositor. An individual, single or joint account holders can appoint a nominee. Only one person can be appointed as nominee. You can fill nominee details while opening a AU Small Finance Bank fixed deposit. 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.

FAQs

What is the highest FD rate for AU Small Finance Bank?

You can earn a maximum interest of 7.25% on AU Small Finance Bank fixed deposit.

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 4.00% to 7.25%. Compared to this, the rate of senior citizens FD are in the range of 4.50% to 7.75%.

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.

Can I deposit additional amount in my FD account?

No, you cannot deposit any additional amount in your existing FD account as you are allowed to deposit only once at the time of opening the account. If you want to invest any additional amount in FD, you are required to open a new FD account.

Who is eligible for opening an FD account in AU Small Finance Bank?

All resident individuals, HUFs, NRIs, Firms including minors are eligible to open a fixed deposit account.

What documents are required to open an FD account in AU Small Finance Bank?

The documents required to open an FD account in AU Small Finance Bank includes PAN Card is mandatory if the amount exceeds 50,000..

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

  • 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

What is the current interest rate on FD in AU Small Finance Bank?

Current interest for FD in AU Small Finance Bank ranges between 4.00% - 7.25%.

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

Yes, you can submit your application for opening a FD account on the website of AU Small Finance Bank. After submitting the application, you will be contacted by the bank’s representative for 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 with the 7.25%. For AU Small Finance Bank FD the number of years in which your FD will get doubled is; 72/7.25 = 10


AU Small Finance News - Sep 2020
  • 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%.
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