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AU Small Finance Bank FD Interest Rates

3.5% - 6.25%
Interest rates
3 months - 10 years
Time Period
1000 - no limit
Min. - Max amount
QUARTERLY
Compounding

About AU Small Finance Bank FD

AU Small Finance Bank Limited is an Indian scheduled commercial bank that was formed in 1996 as AU Financiers (India) Ltd as a car finance firm and changed to a small finance bank on April 19, 2017. AU Small Finance Bank has a long history of being a retail-focused and customer-centric organization, serving low and middle-income individuals and micro/small companies who have limited or no access to traditional banking and finance channels. The bank provides a full range of lending, deposit, and payment products and services.

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Started On1996
Head QuartersRajasthan
CRISIL RatingNA
CEOSanjay Agarwal
Listed on exchange asAU Small Finance Bank Ltd.
ICRA RatingNA

AU Small Finance Bank FD Rates 2022

TenureRegular customersSenior citizens
1
2

Features and Benefits of AU Small Finance Bank FD

  • It provides competitive rates across all investment horizons. 
  • Senior citizens who invest in fixed deposits are eligible for an extra 0.50% interest rate on all tenures. 
  • The small finance bank provides interest rates ranging from 3.50% p.a. to 6.50% p.a. 
  • The maximum interest rate of 6.50% per annum is being given to the general public for a 24-month investment period. 1 day to 3 years, 5 years to 10 years.

Types of AU Small Finance Bank FD Schemes

Regular FD

Regular fixed deposit schemes are an excellent investment choice for risk-averse investors due to their high AU Bank FD rates and flexibility. Residents of India, HUFs, single proprietorship businesses, trusts, and other entities can invest in this plan and receive attractive returns based on the current AU Finance FD rates. For further details on the mentioned plan, please see the table below:

Scheme Details

  • Tenure ranges from 7 days to 120 months.
  • The minimum deposit is Rs. 1,000.
  • Interest Compounding and Payment: Annual compounding and payout.
  • Senior Citizen Rates: A 0.50% interest rate is added to the relevant rates for ordinary residents.
  • Premature Withdrawal: Available with a 1% penalty on the appropriate fixed deposit rate.
  • Net banking is required to book online.
  • There is an option for automatic renewal.
  • Option to link with a savings account and use the sweep-in feature if funds are insufficient in the savings account.
  • You can choose to receive interest on a monthly or quarterly basis
  • AU Small Finance Bank's regular fixed deposits can be opened by:


    • Limited Companies
    • Trust accounts
    • Resident Indians
    • Partnership firms
    • Hindu Undivided Families
    • Sole Proprietorship firms

5-Year Tax Saving Fixed Deposit

The 5-Year Tax Break Customers who participate in the Fixed Deposit Scheme benefit from tax breaks in addition to increased savings. This product can be purchased either individually or jointly (individuals or HUFs); however, in the event of a joint account, the tax advantage on the interest received is only available to the principal account holder. Investors can deduct up to Rs. 1.5 lakh from their profits under Section 80C.

Scheme Details

  • 5 years tenure (fixed).
  • The minimum deposit is Rs. 1,000.
  • Senior Citizen Rates: Additional interest at a rate of 0.50%.
  • Loan against FD: This option is not available.
  • Premature Withdrawal: This option is not available.
  • There is a nomination facility provided.
  • Interest is exempt from taxation until it surpasses Rs. 1.5 lakh
  • You must be a resident or a member of one of the Hindu Undivided Families to open this account

Term wise AU Small Finance Bank FD Rates

Short-Term Deposits

Tenures beginning from 7 days to a year or less than a year are known as short term fixed deposits, and their interest rates start from 3.5% to 5% depending on the number of days of the deposit for general customers, and from 4% to 5.5% for senior citizens.

Medium-Term Deposits

Medium-term fixed deposit tenures, i.e, from 1 year to 5 years, withhold interest rates are 6% for general customers and 6.5% for senior citizens based on the period of lock-in.

Long-Term Deposits

Long-term FD goes from 5 years to 10 years, and the interest rate is 6.25% for general customers and 6.75% for senior citizens.

AU Small Finance Bank vs Other Banks' FD Rates

NameTenureInterest rate
1
2
3
4
5

How to invest in AU Small Finance Bank FD?

AU Small Finance Bank FD account can be opened through different modes like Mobile App, Internet Banking, and offline.

1) Internet Banking

Follow the below-mentioned steps for opening an AU Small Finance Bank FD account via internet banking-

  • Sign in to the AU Small Finance Bank NetBanking account.
  • Under the home page, select ‘Fixed Deposit’ and choose the type of fixed deposit scheme.
  • Provide all personal details, nominee information, deposit duration, payment and maturity instructions, interest payout option.
  • After verifying the details, click ‘Submit’ for completing the FD account opening process.

2) Mobile App - AU Small Finance Bank App

Follow the steps mentioned ahead to open an FD account via AU Small Finance Bank App-

  • Under the home menu, select ‘Fixed Deposit’ and choose the type of fixed deposit scheme.
  • Provide all personal details, nominee information, deposit duration, payment and maturity instructions, interest payout option.
  • After verifying the details, click ‘Submit’ for completing the FD account opening process.

3) Opening AU Small Finance Bank FD Offline

For opening an AU Small Finance Bank FD account via offline mode, one has to visit the nearest AU Small Finance Bank branch. Fill out the AU Small Finance Bank FD application form and present all the necessary documents with the deposit amount. On successful processing of the application, an FD receipt will be provided by the AU Small Finance Bank.

 

Eligibility to Open an AU Small Finance Bank FD

Individuals or entities satisfying the following criteria can opt for a fixed deposit in AU Small Finance Bank–

  • Resident Indians
  • Sole proprietorship firms
  • Limited companies
  • Trusts
  • Partnership firms
  • Hindu Undivided Families

Documents to Open AU Small Finance Bank FD

The following documents have to be furnished for opening an AU Small Finance Bank FD-

  • Residence Proof (Aadhar Card, Bank Statement with Cheque, and Passport)
  • Proof of date of birth (Birth certificate, Voter ID, Aadhar Card, PAN Card, NREGA Job Card, Service Discharge Certificate)
  • Proof of identity (Passport, PAN Card, Aadhar Card, Voter ID, Driving License)
  • FD application form

FAQs

Is the FD account automatically renewed?

If you have not provided the bank any instructions on the following steps to be taken once the account has matured, the lender will renew your deposit for the previously specified tenure.

Can I extend the term of my existing FD account?

No, you cannot modify the term of your current FD account.

Is the nomination service accessible if I want to create a savings account with the bank?

Yes, if you want to create an FD account with the bank, you can use the nomination service.

Can I prematurely liquidate my FD using net banking or mobile banking?

No, you cannot cash out your Fixed Deposit using mobile or net banking. To finish the process, you must go to the local bank branch.

How often will I earn interest on my FD?

You can choose to receive interest on your FD on a monthly or quarterly basis.

What are the documents required for AU Small Finance Bank FD Application?

To create a fixed deposit account with AU Small Finance Bank, you must have the following papers on hand:

  • KYC documentation (Aadhaar card, PAN card, voter ID card, utility bills, etc. for photo ID verification, residence proof, and age proof).
  • Photographs of the depositor and nominee, if any, in passport size.

What is the Premature Withdrawal time?

AU Small Finance Bank now allows customers to withdraw cash from their ordinary fixed deposit account at any time. There might be a variety of reasons for doing so, such as a financial emergency, wedding ceremony expenditures, or an unforeseen trip adventure. However, if a person withdraws early, they must pay a penalty of 1% of the relevant interest rate.

Calculate AU Small Finance Bank FD Interest
Investment Amount
₹25,000.00
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
AU Small Finance Bank
@5% p.a
Get higher interest rates
online upto 0%
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