AU Small Finance Bank FD Interest Rates (p.a.) Highlights 2022 | |
Highest slab rate | 6.75% (for 24 months 1 day – 36 months; 60 months – 120 months) |
For 1 year | 5.25% |
For 2 year | 6.35% |
For 3 year | 6.75% |
For 4 year | 6.35% |
For 5 year | 6.75% |
Tax-Saving FD | 6.75% |
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
Tenure | Interest Rates (% p.a.) | |
Regular Citizens | Senior Citizens | |
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 | 4.75 | 5.25 |
6 months 1 day – 12 months | 5.25 | 5.75 |
12 months 1 day – 15 months | 6.50 | 7.00 |
15 months 1 day – 18 months | 6.35 | 6.85 |
18 months 1 day – 24 months | 6.35 | 6.85 |
24 months 1 day – 36 months | 6.75 | 7.25 |
36 months 1 day – 45 months | 6.35 | 6.85 |
45 months 1 day to less than 60 months | 6.35 | 6.85 |
60 months – 120 months | 6.75 | 7.25 |
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)
Tenure | Interest Rates (% p.a.) | |
Regular Citizens | Senior Citizens | |
5 years | 6.75 | 7.25 |
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.
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.