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AU Small Finance Bank Fixed Deposit Interest Rates 2022

Home Fixed Deposit AU Bank FD Rates

AU Small Finance Bank offers FD interest rates of 3.75-6.75% p.a. to the general public and 4.25-7.25% p.a. to senior citizens on tenures ranging from 7 days to 120 months. The interest rate on AU Small Finance Bank Tax Saving FDs is 6.75% p.a. for the general public and 7.25% p.a. for senior citizen depositors for tenures of 5 years. The bank also offers various fixed deposit products for NRIs, such as NRO and NRE fixed deposits. AU Small Finance Bank has been recognised as a scheduled bank by the RBI, which makes its depositors eligible for deposit insurance provided by the Depositor Insurance and Credit Guarantee Corporation (DICGC). The deposit insurance cover from DICGC, an RBI subsidiary, insures cumulative deposits up to Rs 5 lakh made by each depositor, including his fixed deposits, savings, current, and recurring deposits, in each scheduled bank in case of the failure or merger/amalgamation of a scheduled bank.

Updated: 20-05-2022 08:13:31 AM

AU Small Finance Bank FD Interest Rates (p.a.) Highlights 2022

Highest slab rate6.75% (for 24 months 1 day – 36 months; 60 months – 120 months)
For 1 year5.25%
For 2 year6.35%
For 3 year6.75%
For 4 year6.35%
For 5 year6.75%
Tax-Saving FD6.75%

AU Small Finance Bank FD Rates 2022

Fixed Deposit Interest Rates on Domestic/NRE/NRO deposits of less than Rs 2 crore w.e.f. 23 February, 2022
TenureInterest Rates (% p.a.)
Regular CitizensSenior Citizens
7 days – 1 month 15 days3.754.25
1 month 16 days – 3 months4.254.75
3 months 1 day – 6 months4.755.25
6 months 1 day – 12 months5.255.75
12 months 1 day – 15 months6.507.00
15 months 1 day – 18 months6.356.85
18 months 1 day – 24 months6.356.85
24 months 1 day – 36 months6.757.25
36 months 1 day – 45 months6.356.85
45 months 1 day to less than 60 months6.356.85
60 months – 120 months6.757.25

Note: 1. The minimum tenure of NRE deposits is 12 months 1 day
2. The additional senior citizen rates are applicable to only resident senior citizen of India, having a banking relationship with AU Small Finance Bank.

AU Small Finance Bank Tax Saver Deposit (5-Year Tax Saving Fixed Deposit)
TenureInterest Rates (% p.a.)
Regular CitizensSenior Citizens
5 years6.757.25

Types of AU Small Finance FD Schemes

Regular Fixed Deposits
  • Minimum deposit amount:Rs 1,000
  • Tenure:7 days – 10 years
  • Additional 0.50% p.a. interest rate on standard FD rates is offered to senior citizen depositors
  • Depositors can opt for a monthly or quarterly payout option
  • Depositor also have the option of receiving interest payout at maturity
  • Partial/premature withdrawal is permitted
  • Nomination and overdraft facility is available
  • Depositors can open FD account through Video Banking, AU 0101 App / NetBanking, or by visiting the nearest branch
AU 5-Year Tax Saving Fixed Deposit
  • Deposits under this scheme are eligible for tax deduction of up to Rs 1.5 lakhs under Section 80C in each financial year
  • The interest earned on the deposit is taxable
  • Deposit amount:Minimum- Rs 1,000; Maximum- Rs 1.5 lakhs per financial year
  • Lock in period:5 years
  • Additional 0.50% p.a. interest rate on standard fixed deposit rates is offered to senior citizen FD depositors
  • Premature withdrawal is not allowed
  • Depositors can open 5-year tax saving FD account through Video Banking, AU 0101 App / NetBanking or by visiting the nearest branch
Fixed Deposit Sweep-In Facility
  • This scheme allows saving and current account depositors to earn higher interest income without sacrificing their liquidity
  • Under the scheme, the savings/current account is linked to multiple FDs
  • On having insufficient balance in the linked savings/current account for any transaction, the deficit amount for that transaction is liquidated from the linked FD(s), without breaking the entire FD(s), and credited to linked savings/current account

Premature Withdrawal of Fixed Deposits

  • Interest will be paid after deducting the penal rate from the applicable rate. The applicable rate would be the base rate applicable for the period of deposit for which the FD remained with the bank or the contracted/original rate, whichever is lower. Base rate refers to the FD card rates applicable at the time of opening fixed deposit.
  • The penal rate on premature closure or withdrawalof FD including sweep-in and partial closures is 1%
  • No interest will be paid if the deposit is prematurely withdrawn within 7 days of the date of opening FD
  • In case of NRE deposit, no interest will be credited if the deposit is withdrawn before the completion of 1 year from the date of opening the account

AU Small Finance Bank FD Calculator

An FD calculator is a tool using which customers can know the potential maturity amount on investing in a fixed deposit. Before investing in a fixed deposit with AU Bank, it is suggested to use the FD Calculator available at Paisabazaar.com which is a free tool and can be used multiple times. Customers need basic information like the deposit amount and tenure along with the prevailing AU Bank FD rates for the respective term.

Calculate Now

FAQs

Q. What is the highest that senior citizens can earn on investing in FD with the bank?

A. Senior citizens can earn returns at 6.50% (24 Months 1 Day to 36 Months) as per the prevailing AU Small Finance Bank FD rates.

Q. Does investing in fixed deposits by AU Bank help in saving tax?

A. Investing in a 5-year tax-saving fixed deposit scheme shall aid investors in saving on income tax.

Q. What benefit does one get from investing in small finance banks over leading commercial banks?

A. A highlight of investing in a small finance bank is the chance to earn returns at higher fixed deposit rates but before deciding, investors must check the financial health of the lender along with its credit rating to ensure safety.

 

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