AU Bank FD Rates 2023: AU Small Finance Bank’s Regular Fixed Deposit ensures steady and effortless growth of your earnings. With attractive interest rates, multiple interest payout options, and zero penalties on premature closure, it’s the perfect investment for your hard-earned money. Benefit from AU Bank’s high interest rates on Fixed Deposits, with an additional 0.5% higher interest rate for senior citizens. You can start investing with as little as Rs 1,000 and choose between quarterly and monthly interest payout options.
AU Bank offers a wide range of Fixed Deposits (FDs) that provide a good rate of return along with various other benefits. Some features of AU Bank FDs include a nomination facility, flexible tenure options, auto-renewal, different interest payout options, and the option for loans/overdrafts, among others. Opening an AU Bank FD online is easy, with a simple, paper-free process at the click of a button
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- 1 Benefits of AU Bank Fixed Deposit Rates
- 1.1 Interest Rates for Regular Fixed Deposits at AU Bank
- 1.2 For Retail Fixed Deposits (Domestic & NRE/NRO) Up to INR 2 Crore
- 1.3 For Senior Citizen (for amounts less than INR 2 Crore)
- 1.4 Monthly Payout Fixed Deposits for Domestic & NRO Retail Customers (Amounts Less than INR 2 Crore)
- 1.5 Eligibility Criteria for AU Bank Fixed Deposits
- 1.6 Applying for AU Bank Fixed Deposits: A Step-by-Step Guide
- 1.7 Qualification Requirements
- 1.8 Supplementary Details
- 1.9 AU Bank FD Rates 2023 (FAQ)
Benefits of AU Bank Fixed Deposit Rates
A Fixed Deposit (FD) is a widely favored financial instrument among the general public in India due to its ability to offer a higher interest rate compared to a regular savings account. Fixed Deposits are known for being a secure investment that yields substantial returns over time.
At AU Bank, we provide excellent interest rates, flexibility, and security for your fixed deposits, with even more attractive rates for senior citizens. Our services include the convenience of booking deposits through Netbanking and the option of automatic renewal. You can start your investment with a minimum amount as low as INR 1000/-.
Interest Rates for Regular Fixed Deposits at AU Bank
Here are the applicable Fixed Deposit Interest Rates for the mentioned tenures. These rates are effective from June 5, 2023.
For Retail Fixed Deposits (Domestic & NRE/NRO) Up to INR 2 Crore
Effective Fixed Deposit Interest Rates from June 5, 2023
|Tenure Bucket||Interest Rates|
|7 Days to 1 Month 15 Days||3.75% 🕒|
|1 Month 16 Days to 3 Months||4.25% 📅|
|3 Months 1 Day to 6 Months||5.00% 📅|
|6 Months 1 Day to 12 Months||6.75% 📅|
|12 Months 1 Day to 15 Months||7.50% 📅|
|15 Months 1 Day to 18 Months||7.50% 📅|
|18 Months 1 Day to 24 Months||7.25% 📅|
|24 Months 1 Day to 36 Months||7.75% 🕒|
|36 Months 1 Day to 45 Months||7.50% 🕒|
|45 Months 1 Day to less than 60 Months||7.00% 🕒|
|60 Months to 120 Months||7.00% 📅|
For Senior Citizen (for amounts less than INR 2 Crore)
Effective Fixed Deposit Interest Rates Starting From June 5th, 2023
|Tenure Bucket||Interest Rates|
|7 Days to 1 Month 15 Days||4.25% 🕒|
|1 Month 16 Days to 3 Months||4.75% 🗓️|
|3 Months 1 Day to 6 Months||5.50% 📅|
|6 Months 1 Day to 12 Months||7.25% 🕕|
|12 Months 1 Day to 15 Months||8.00% 📅|
|15 Months 1 Day to 18 Months||8.00% 📅|
|18 Months 1 Day to 24 Months||7.75% 📅|
|24 Months 1 Day to 36 Months||8.25% 🕒|
|36 Months 1 Day to 45 Months||8.00% 🕒|
|45 Months 1 Day to less than 60 Months||7.50% 🕒|
|60 Months to 120 Months||7.50% 📅|
Monthly Payout Fixed Deposits for Domestic & NRO Retail Customers (Amounts Less than INR 2 Crore)
Monthly payout p.a. (%)
Applicable Interest Rates on Fixed Deposits w.e.f. 5th June, 2023
|Tenure Bucket||Resident / NRE / NRO Interest Rates||Senior Citizen Interest Rates|
|7 Days to 1 Month 15 Days||–||–|
|1 Month 16 Days to 3 Months||–||–|
|3 Month 1 Day to 6 Months||4.98% 🕒||5.47% 🕒|
|6 Months 1 Day to 12 Months||6.71% 📅||7.21% 📅|
|12 Months 1 Day to 15 Months||7.45% 📅||7.95% 📅|
|15 Months 1 Day to 18 Months||7.45% 📅||7.95% 📅|
|18 Months 1 Day to 24 Months||7.21% 📅||7.70% 📅|
|24 Months 1 Day to 36 Months||7.70% 🕒||8.19% 🕒|
|36 Months 1 Day to 45 Months||7.45% 🕒||7.95% 🕒|
|45 Months 1 Day to less than 60 Months||6.96% 🕒||7.45% 🕒|
|60 Months to 120 Months||6.96% 📅||7.45% 📅|
Eligibility Criteria for AU Bank Fixed Deposits
- Both new and current customers of AU Small Finance Bank are eligible to establish Fixed Deposit
- accounts. The following customer categories are eligible to open Fixed Deposit accounts: Individuals, Minors, Proprietorship, HUF (Hindu Undivided Family), Registered and Unregistered Body, Cooperative Society, Trusts, Partnerships, NGOs, and Private Limited entities.
Applying for AU Bank Fixed Deposits: A Step-by-Step Guide
You have two options for initiating the application process for AU Small Finance Bank Fixed Deposits:
- Visit the nearest AU Small Finance Bank branch, where our Relationship Manager will provide guidance throughout the application process.
- Alternatively, you can get in touch with us, and our Customer Care Executive will schedule a service appointment with our Relationship Manager to assist you with the application process.
- Resident Indians
- Hindu Undivided Families
- Sole proprietorship firms
- Partnership firms
- Limited companies
- Trust accounts
To open a Fixed Deposit, a minimum initial deposit of INR 1,000 is necessary. PAN (Permanent Account Number) is compulsory for booking Fixed Deposits when the total Fixed Deposit holdings per customer at a branch exceed INR 50,000. In the case of premature withdrawals, including sweep-ins and partial withdrawals, the bank will impose a 1% penalty on the applicable interest rate.
AU Bank FD Rates 2023 (FAQ)
An FD with AU Bank is a financial instrument where you can deposit a lump sum amount for a specific tenure. In return, AU Bank offers you attractive interest rates on your deposit.
The minimum investment amount for an FD with AU Bank can be as low as INR 1,000/-. There is no maximum limit for regular FDs, while the limit for FDs through Netbanking may vary.
Yes, senior citizens can enjoy even higher interest rates on their FDs with AU Bank. This provides them with enhanced returns on their investments.
Yes, you can easily open an FD with AU Bank online through their website. This paperless process allows you to initiate your investment with just a few clicks.
Yes, AU Bank imposes a penalty of 1% on the applicable interest rate for premature withdrawals, including sweep-ins and partial withdrawals.