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AU Small Finance Bank FD interest rates

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Aakash (Quicko Customer Success Representative)

AU Small Finance Bank
Income Tax
Interest Rate
Last updated on April 14th, 2021

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.

Interest rates for FD in AU Small Finance Bank

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%.

Eligibility Criteria for AU Small Finance Bank FD account

FAQs

What is the minimum amount that one needs to deposit for opening an AU Small Finance Bank FD account?

A person can start investing in AU Small Finance Bank Fixed Deposit (FD) with as low as INR 1000 while opening a FD Account.

How long does AU Small Finance Bank FDs take to mature?

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.

What is a non-callable FD?

A FD scheme that prevents a customer from withdrawing any amount before the maturity of the Fixed Deposit is called a non-callable FD.

Got Questions? Ask Away!

  1. Form 15G/ Form 15H is one of the form which is used to make sure that TDS is not deducted from your income. If your tax liability for a year is zero then you can file Form 15G or Form 15H with the deductor.

    Moreover, fixed deposits also provide tax benefits under section 80C of the Income tax Act.

    Hope this helps!