AU Small Finance Bank RD Interest Rates

AU Small Finance Bank Ltd is a financial services provider that offers personal banking, insurance, retail loans, and wholesale banking. Retail banking; Treasury, Wholesale; and Other banking operations are the key segments in which the corporation works.

It earns the most money from the retail banking area. Retail banking customers are served by a branch network and other delivery mechanisms. 

Retail banking revenues are derived from interest collected on retail loans, fees from services performed, and other sources. Geographically, it solely operates in India. However, this bank is known to provide various products and services for customers throughout the country. Among these products, the bank also provides its customers with recurring deposit accounts. 

AU Small Finance Bank RD Account

A pre-specified amount is deposited at regular intervals in an Au Small Finance Bank Limited RD account, and its term ranges from 6 months to 10 years, with monthly installments of 12, 24, 36, 48, 60, 72, 84, 96, 108, and 120 months.

Major Characteristics of the AU Bank Recurring Deposit Account

  • Profitable investment returns: Earn up to 6.90% interest on your recurring deposits, depending on the principal amount and tenure.
  • Ease of application: You can complete the full Recurring Deposit application process online via AU 0101, using the Banking tool, or in person at a branch.
  • Variable tenure: Choose a time frame ranging from three months to ten years based on your needs.
  • Rates of interest: The AU Bank RD rates as Fixed Deposits are available.

AU Bank RD Interest Rates 2024

Tenure

AU Small Finance Bank RD interest rates for general customers

AU Small Finance Bank RD rates for senior citizens

3 Months

4.25%

4.75%

4 Months - 6 Months

4.75%

5.25%

7 Months - 12 Months

5.35%

5.85%

13 Months - 15 Months

6.60%

7.10%

16 Months - 18 Months

6.45%

6.95%

19 Months - 24 Months

6.45%

6.95%

25 Months - 36 Months

6.90%

7.40%

37 Months - 45 Months

6.90%

7.40%

46 Months - 59 Months

6.45%

6.95%

60 Months - 120 Months

6.90%

7.40%

Who is Eligible for the AU Small Finance Bank Recurring Deposit?

  • Residential Indians
  • Senior Citizens
  • NRIs

How to Apply for the Recurring Deposit from AU Small Finance Bank?

There are important, four ways to opt for the RD account from AU Small Finance Bank, and they are discussed below:

1) Through Net Banking:

When you are a customer of the AU Small finance bank, it is evident that you might know about the internet banking facility. This facility will enable you to complete the process online without any hassle.

The steps to follow to do so are mentioned below:

Step 1: You would first have to go to the internet banking portal (official.)

Step 2: On this portal, you will have to locate the option - apply now.

Step 3: Under apply now, you will find the recurring option deposit.

Step 4: Choose a recurring deposit and provide all the required details with the attached documents.

Step 5: Once you have submitted that, you can make your first deposit of the RD and get started.

2) Through an Offline Mode:

In the offline mode, you can just go to the bank's closest branch and get started. A bank representative will help and walk you through the process of opening an RD account with the bank.

3) Video Banking: 

The bank also offers you the option of video banking; you can choose the option of video banking with your Aadhaar card and your PAN card ready. 

4) You can use the app:

AU Small Finance Bank also has a mobile banking application that you can easily download on the IoS or android consecutively. After downloading the application, you can easily log in and choose the apply option again to get started. Once you are navigated to the next page, you will have to fill in all the details required to open a mandate account, such as KYC and more.

FAQs

Q1. Can I also make a partial withdrawal from the RD from AU Small Finance Bank?

No. You cannot make any partial withdrawal of the money. Although, you will be allowed to close your account prematurely if you. 

Q2. What is the benefit of applying for an RD from AU Small Finance Bank?

There are several benefits to applying for the RD from the AU small finance bank, and one of them is that there is no maximum limit to the deposits and that you can save up as small as enough for different purposes.

Q3. What documents will I have to get along with me while applying for the RD account from AU Small Finance Bank?

You will have to carry along the below-mentioned documents without fail:

Address proof, ID Proof, photo proof, and KYC documents.

Q4. Is there a penalty if I make a late payment to my RD account?

It is a typical norm to charge a penalty for late payments.

Q5. Can I prematurely withdraw the amount from my RD account?

Yes. You can prematurely withdraw or foreclose your RD Account when wanted for good reasons.

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