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AU Small Finance Bank FD Interest Rates (p.a.) Highlights |
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| Highest slab rate | 8.10% (18 months) |
| For 1 year | 7.25% |
| For 2 years | 7.75% |
| For 3 years | 7.50% |
| For 4 years | 7.25% |
| For 5 years | 7.25% |
| Tax-Saving FD | 7.25% |
The interest rates are updated as of 21 January 2025
AU Small Finance Bank FD Rates
Fixed Deposit Interest Rates on Domestic/NRE/NRO deposits of less than Rs 3 crore w.e.f. 20 January 2025
| 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 | 5.50 | 6.00 |
| 3 months 1 day – 6 months | 6.00 | 6.50 |
| 6 months 1 day – 12 months | 7.25 | 7.75 |
| 12 months 1 day – 15 months | 7.85 | 8.35 |
| 15 months 1 day – less than 18 months | 7.50 | 8.00 |
| 18 months | 8.10 | 8.60 |
| 18 months 1 day – 24 months | 7.75 | 8.25 |
| 24 months 1 day – 36 months | 7.50 | 8.00 |
| 36 months 1 day – 45 months | 7.50 | 8.00 |
| 45 months 1 day to less than 60 months | 7.25 | 7.75 |
| 60 months – 120 months | 7.25 | 7.75 |
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 citizens of India, who have a banking relationship with AU Small Finance Bank.
AU Green Fixed Deposit Interest Rates on Domestic/NRE/NRO deposits of less than Rs 3 crore w.e.f. 20 January 2025
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 12 months | 7.25 | 7.75 |
| 12 months 1 day – 15 months | 7.85 | 8.35 |
| 15 months 1 day – less than 18 months | 7.50 | 8.00 |
| 18 months | 8.10 | 8.60 |
| 18 months 1 day – 24 months | 7.75 | 8.25 |
| 24 months 1 day – 36 months | 7.50 | 8.00 |
| 36 months 1 day – 45 months | 7.50 | 8.00 |
| 45 months 1 day to less than 60 months | 7.25 | 7.75 |
| 60 months – 120 months | 7.25 | 7.75 |
AU Small Finance Bank Tax Saver Deposit (5-Year Tax Saving Fixed Deposit)
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years | 7.25 | 7.75 |
Interest Rates on FCNR(B) Deposits w.e.f. 1 October 2024
| Tenure/Currency | Interest Rates (% p.a.) | |||
| USD | GBP | EUR | CAD | |
| 1 year to less than 2 years | 6.30 | 5.85 | 4.30 | 5.00 |
| 2 years to less than 3 years | 5.25 | 5.00 | 3.25 | 4.60 |
| 3 years to less than 4 years | 4.75 | 4.25 | 2.55 | 3.85 |
| 4 years to less than 5 years | 4.55 | 3.85 | 2.00 | 3.30 |
| 5 years | 4.15 | 3.55 | 2.00 | 3.00 |
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 are offered to senior citizen depositors
- Depositors can opt for a monthly or quarterly payout option
- Depositors also have the option of receiving interest payout at maturity
- Partial/premature withdrawal is permitted
- Nomination and overdraft facility are available
- Depositors can open FD accounts through Video Banking, AU 0101 App / NetBanking, or by visiting the nearest branch
Planet First – AU Green Fixed Deposit
- Planet First – AU Green Fixed Deposit ensures that deposits are deployed in projects dedicated to green initiatives like Solar Projects, Waste Management, Rainwater Harvesting, Electric Vehicles, and Recycling Plastic and for a cleaner, greener tomorrow.
- Tenure: 2 years to 5 years
- Depositor can opt for either monthly or quarterly interest payout option
- Depositor also have the option of receiving interest payout at maturity (cumulative) wherein the interest component is reinvested and thereby, helps in deriving the power of compounding.
- Overdraft facility is available against Green FD
AU 5-Year Tax Saving Fixed Deposit
- Deposits under this scheme are eligible for a 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
- Senior citizen FD depositors are offered an additional 0.50% p.a. interest rate on regular fixed deposit rates offered to general citizens
- Premature withdrawal is not allowed
- Depositors can open a 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 the linked savings/current account
FCNR (B) Deposits
- This FD scheme can be opened in the following currencies: US dollar (USD), Euro (EURO) and Pound sterling (GBP)
- Minimum deposit amount – 1000 in any currency
- Tenure – 1 to 5 years
- Both the principal and interest amount earned are fully repatriable
- Automatic renewal and nomination facilities are available
- The interest on the FCNR (B) deposit is compounded every 6 months (180 days)
- There is no upper limit on the amount of fixed deposit
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 a fixed deposit.
- The penal rate for premature closure or withdrawal of 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 the case of an 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
- No premature withdrawal penalty is levied on FCNR (B) deposits. However, no interest will be paid if the deposit is withdrawn within 1 year from the FD booking date.
Overdraft Against Fixed Deposits
- Depositors can avail up to 85% of overdraft against FD
- Interest rate – 2% above the interest payable on the FD offered
- ROI for Overutilization above OD limit: An additional interest rate of 1% will apply to the existing overdraft rate for the overutilized amount.
- The depositor will be required to pay interest only on the drawn amount and the remaining fixed deposit continues to earn interest
- Processing Fees – NIL; Pre-payment Charges – NIL
AU Small Finance Bank FD Calculator
Individuals can visit AU Small Finance Bank website to calculate their maturity amount and interest using an FD calculator. Customers can check the maturity amount of their deposits using the online FD calculator provided by Paisabazaar. Users will be required to enter the fixed deposit amount, preferred tenure and the applicable AU Small Finance Bank FD interest rates for the tenure chosen to calculate the maturity and interest amounts.
FAQs
Q. What is the highest that senior citizens can earn on investing in FD with the bank?
A. The highest FD interest rate of AU Small Finance Bank for resident senior citizens is 8.60% for a tenure of 18 months.
Q. Does investing in fixed deposits by AU Bank help in saving tax?
A. Depositors opening AU Tax Saver FDs can claim tax deductions of up to Rs 1.5 lakhs each financial year on the principal component of the FD, under Section 80C. Further, senior citizen FD depositors can avail of a deduction of up to Rs 50,000 on the FD interest income under section 80TTB of the Income Tax Act.
Q. What benefit does one get from investing in small finance banks over leading commercial banks?
A. Small finance banks currently offer higher FD interest rates than most public and private sector banks, allowing depositors to earn higher interest on their deposits.
Q. Who can open FDs with AU Small Finance Bank?
A: Resident individuals, non-resident individuals, banks, self help groups, sole proprietors, partnership firms, Specified Associates, private and public limited companies, HUFs, societies, clubs, trusts, institutions, government and local bodies, Association of Persons, limited liability partnerships, financial institutions etc. are eligible to open FDs with AU Small Finance Bank.
Q. Can I avail a loan against my Tax Saver FDs opened with AU Small Finance Bank?
A: Depositors cannot avail loan against the Tax Saver FDs opened with AU Small Finance Bank
Q. Do all depositors need to sign for the premature closure of a joint FD opened with AU Small Finance Bank with ‘Either or Survivor’ mode of operation?
A: Yes, all depositors need to sign for the premature closure of a joint FD opened with AU Small Finance Bank with ‘Either or Survivor’ mode of operation.
Q. In case of a joint AU Bank FD opened with ‘Either or Survivor’ mode of operation, what will happen to the FD in case of death of any one of the depositors before the maturity?
A: In the case of a joint AU Bank FD, if one of the depositors passes away before the FD matures, the premature closure of the deposit cannot be done without the consent of the legal heirs of the deceased joint holder’s legal heirs. The surviving depositor will get the interest accrued and the principal amount on maturity.
Q. Do all depositors need to sign while opening a joint AU Bank FD with ‘Former or Survivor’ mode of operation?
A: Yes, all depositors need to sign while opening a joint FD with AU Small Finance Bank with ‘Former or Survivor’ mode of operation.
Q. Do all depositors need to sign for the premature closure of a joint AU Bank FD with ‘Former or Survivor’ mode of operation?
A: Yes all depositors need to sign for the premature closure of a joint AU Bank FD with ‘Former or Survivor’ mode of operation.
Q. In case of a joint AU Bank FD opened with ‘Former or Survivor’ mode of operation, what will happen to the FD in case of death of the depositor, designated as ‘Former’, before the FD maturity?
A: If the FD depositor designated as ‘Former’ expires before the maturity of the FD, the ‘Survivor’ can withdraw the deposit on maturity.
Q. Does AU Bank allow transfer of fixed deposits from one branch to another?
A: Yes, AU SFB allows the transfer of FDs from one branch to another at the request of the depositor.
Q. Can I transfer my AU Bank FD to another bank?
A: You cannot transfer AU Bank FDs to another bank. The depositor would have to close his/her existing AU Bank FD or wait for its maturity and then, use the closure/maturity proceeds to open FD with his/her desired bank.