AU Small Finance Bank FD Interest Rates

AU Small Finance Bank offers fixed deposits with interest rates between 3.75% and 8.50% p.a., depending on the chosen tenure. You can choose to receive the interest earned on a monthly basis or at maturity, with flexible tenures catering to various financial goals. 

Senior citizens are provided an additional 0.50% p.a. over the prevailing rates. These FDs are backed by a CRISIL AA+/Stable rating, ensuring low risk, and are insured up to ₹5 Lakhs by the Deposit Insurance and Credit Guarantee Corporation (DICGC). 

AU Small Finance Bank provides competitive FD rates with flexible tenures for both regular and senior citizens. Below are the current interest rates:

AU Small Finance Bank offers competitive interest rates for NRE (Non-resident External) and NRO (Non-resident Ordinary) fixed deposits, catering to the diverse financial needs of NRIs (Non-resident Indians). Below are the current interest rates for both NRO and NRE FDs across different tenures:

AU Small Finance Bank offers tax-saving FDs that are eligible for deductions under Section 80C of the Income Tax Act, 1961. Below are the current interest rates for both regular and senior citizens, with a fixed 5-year lock-in period:

This illustration explains your returns upon maturity after a 3 or 5-year tenure at an interest rate of 8.50% p.a. It includes the additional 0.50% p.a. offered to senior citizen FDs.

Before investing in a fixed deposit, it is important to understand the charges that may apply in certain scenarios. These charges could reduce your overall returns upon maturity, so it's crucial to account for them at the time of investment. Here are two charges you should be aware of:

Premature Withdrawal:

AU Small Finance Bank allows investors to withdraw fixed deposits prematurely with a 1% penalty on the offered interest rate. The interest paid will be lower than the prevailing rate at the time of booking or the contracted rate, minus the penalty. If the FD is withdrawn before the minimum tenure, no interest will be paid. Each FD has a predefined minimum period, which is mentioned at the time of booking.

Tax Deducted at Source (TDS):

TDS is applicable on interest earned from fixed deposits if the income exceeds ₹40,000 for individuals and ₹50,000 for senior citizens in a financial year. Non-taxable individuals can submit Form 15G (for those under 60 years) or Form 15H (for senior citizens) to claim exemption. These forms must be submitted at the start of the financial year or during FD booking. TDS is deducted at 10% if you have furnished PAN details and 20% if not.  

You can begin investing in an AU Small Finance Bank FD through Bajaj Markets by following these simple steps:

1. Fill the ‘Invest Now’ form with your mobile number, date of birth, and pin code

2. After submitting the form, enter the OTP sent to your registered mobile number to continue setting up your FD

3. Compare interest rates from the various banks and NBFCs available on Bajaj Markets

4. Choose the FD that aligns with your investment goals, select the tenure and payout frequency that suits you

5. Fill in your name and PAN card details for Central Know Your Customer (CKYC) verification

6. If CKYC records are not available, upload your Aadhaar card, PAN card, and a selfie for verification

7. Review and update any personal details like marital status, address, and email ID

8. Provide your bank account details, including your bank name, IFSC code, and account number

9. Assign a nominee for your FD, ensuring that funds will be transferred to them in case of any unfortunate event

10. Complete the payment using your preferred method to book your FD

Once all steps are completed, your FD will be successfully booked, and you will begin earning interest on your investment.

The information provided by BFDL is related to the rates provided by Banks and Deposit taking NBFCs as available from public domain and under no circumstances is intended to be source of advice or recommendation of any financial investment advice or endorsement of any sort. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers and use of such information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. Display of any intellectual property along with the related product information does not imply BFDL’s partnership with the owner of the intellectual property of such products and is solely for the purpose of information, unless otherwise provided by BFDL.