AU Small Finance Bank offers FD interest rates of 3.75-8.00% p.a. to the general public and 4.25-8.50% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on AU Small Finance Bank Tax Saving FDs is 7.25% p.a. for the general public and 7.75% 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.
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*Rates are subject to change as per the bank's discretion.
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AU Small Finance Bank FD Interest Rates (p.a.) Highlights 2024 |
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| Highest slab rate | 8.00% (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 17 December 2024
Card limit is 90% of FD Amount
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6.5%INTEREST ON FD
| 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 | 8.00 | 8.50 |
| 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.
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
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| 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 | 8.00 | 8.50 |
| 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 |
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years | 7.25 | 7.75 |
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| 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 |
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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.
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 8.50% 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.
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