AU Small Finance Bank started 25 years ago in 1996. Starting as a non-deposit taking Non-Banking Finance Company (NBFC) they have now become a Scheduled Commercial Bank in India and listed under Fortune 500 company. The bank provides their customers services of investing of fixed deposit schemes based on their investment requirements to help them save tax and grow their wealth safely. This article covers AU Small Finance Bank FD rates.
Following are the interest rates for investing in a Fixed deposit in AU Small Finance Bank:
|Tenure||Fixed Deposit interest rate for General Citizens||Fixed Deposit interest rate for Senior Citizens|
|7 days to 1 month & 15 days||3.50%||4.25%|
|1 month & 16 days to 3 months||4.00%||4.75%|
|3 months & 1 day to 6 months||4.75%||5.50%|
|6 months & 1 day to 12 months||5.25%||6.00%|
|12 months & 1 day to 15 months||6.35%||7.10%|
Additionally, AU Small Finance Bank offers Loan to their customers against their Fixed Deposit at the rate of 4.5% to 7.5%.
A person can start investing in AU Small Finance Bank Fixed Deposit (FD) with as low as INR 1000 while opening a FD Account.
It completely depends upon the investor to chose a FD scheme that is suitable for his/her investment goals. FD maturity varies between 7 days to 120 months.
A FD scheme that prevents a customer from withdrawing any amount before the maturity of the Fixed Deposit is called a non-callable FD.