Interest for 3 years
Note: All interest rates shown below are as on 22nd Jun 2021
|Tenure||Normal Citizen FD Rate||Senior Citizen FD Rate|
|7 days - 1 month 15 days||3.5%||4%|
|1 month 16 days - 2 months 29 days||4%||4.5%|
|3 months - 5 months 27 days||4.5%||5%|
|6 months - 1 year||5%||5.5%|
|1 year 1 day - 1 year 3 months||6.1%||6.6%|
|1 year 3 months 1 day - 4 years 11 months 30 days||6%||6.5%|
|2 years 1 day - 9 years 11 months 29 days||6.25%||6.75%|
A Scheduled Commercial Bank and a Fortune India 500 Company that is enabling a convenient banking experience with many industry-first initiatives. Founded in Jaipur in 1996 as Au Financiers, a non-deposit taking Non-Banking Finance Company (NBFC), it effectively worked on funding economic growth, especially for the under-served and un-served low & middle-class individuals. The bank has a balance sheet size of Rs. 42,143 Crs as on 31st March 2020. The bank recorded a profit of Rs 675 Crs in FY20
3.5% - 6.25%
4% - 6.75%
FD Rate for Seniors
₹ 2 Crores
Flexible tenure & partial withdrawal facility, without the hassle of opening a savings account.
|Investment Amount||For 3 years with interest of 6%||For 5 years with interest of 6.25%|
|₹ 1 lakh||₹134885||₹136573|
|₹ 2 lakh||₹269770||₹273146|
|₹ 5 lakh||₹674425||₹682865|
|₹ 10 lakh||₹1348850||₹1365730|
Use FD calculator to change values and compare your returns from top banks.
|Maturity Amount||₹105116||₹ 101764|
|Total Investment Amount||₹ 100000||₹ 100000|
|Total Interest Gained||₹5116|
|Income Tax on Wealth Gained||₹ 12898||₹ 13092|
|Bank Name||FD Interest Rates|
|Dhanlaxmi Bank||5.4% - 5.9%|
|Tamilnad Mercantile Bank||5.5% - 5.5%|
|IDBI Bank||5.3% - 5.8%|
|Bank of India||5.15% - 5.65%|
|Sundaram Finance||6.25% - 6.75%|
|Canara Bank||5.5% - 6%|
|Axis Bank||5.4% - 5.9%|
|Mahindra Finance||6.3% - 6.55%|
|PNB Housing Finance Ltd||6.6% - 6.85%|
|IDFC First Bank||5.75% - 6.25%|
|State Bank of India||5.3% - 5.8%|
|HDFC Bank||5.15% - 5.65%|
|Bank of Baroda||5.1% - 5.6%|
|LIC Housing Finance||5.75% - 6%|
|Tamil Nadu Power Finance||7.75% - 8.25%|
|Jammu & Kashmir Bank||5.3% - 5.8%|
|Bajaj Finance||6.5% - 6.75%|
|Yes Bank||6.25% - 7%|
|RBL Bank||6.3% - 6.8%|
|Punjab and Sind Bank||5.3% - 5.8%|
|Kotak Mahindra Bank||5.1% - 5.6%|
|IndusInd Bank||6% - 6.5%|
|Central Bank of India||5% - 5%|
|DCB Bank||6.5% - 7%|
|Bandhan Bank||5.25% - 6%|
|Fincare Small Finance Bank||6.25% - 6.75%|
|DBS Bank||5.5% - 5.5%|
|Indian Overseas Bank||5.2% - 5.7%|
|Karur Vysya Bank||5.5% - 6%|
|Equitas Small Finance Bank||6.35% - 6.85%|
|City Union Bank||5.5% - 6%|
|SCB Bank||5.35% - 5.85%|
|Karnataka Bank||5.5% - 5.9%|
|South Indian Bank||5.5% - 6%|
|HDFC Ltd Fixed Deposit||6.05% - 6.3%|
|Bank of Maharashtra||4.9% - 5.4%|
|ICICI Housing Finance Company||6.05% - 6.3%|
|ESAF Small Finance Bank||5.75% - 6.25%|
|Indian Bank||5.15% - 5.65%|
|Shriram Finance||8% - 8.4%|
|Federal Bank||5.35% - 5.85%|
|ICICI Bank||5.15% - 5.65%|
|Ujjivan Small Finance Bank||6.75% - 7.25%|
|Post Office||5.5% - 5.5%|
|Punjab National Bank||5.1% - 5.6%|
|Union Bank of India||5.4% - 5.4%|
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AU Small Finance Bank offers multiple fixed deposits for various tenures with different interest rates to its investors. The interest rate on AU Small Finance Bank FDs is higher than their savings account. One can invest in AU Small Finance Bank FDs with just a minimum investment of INR 1,000. This article covers AU Small Finance Bank FD, its features and fd interest rates in detail.
Following are the types of FD schemes that AU Small Finance Bank offers:
Under this scheme, the interest is reinvested into the scheme. However, depositors can opt for interest payout for monthly or quarterly intervals instead of compounding.
Investors can grow their wealth and also benefit from tax exemption by investing in the 5-Year Tax Saving FD.
One can open an AU Small Finance Bank FD account through various modes such as Internet Banking, Mobile App and offline.
The following steps will help an individual to open an AU Small Finance Bank FD account through internet banking:
The following steps will guide in opening an FD account through AU Small Finance Bank Mobile App:
To open an AU Small Finance Bank FD account offline, one has to visit the nearest AU Small Finance Bank branch. Fill the AU Small Finance Bank FD application form and submit all the necessary documents along with the deposit amount. On successfully processing the application, AU Small Finance Bank will provide an FD receipt.
To open a fixed deposit account with AU Small Finance Bank, one needs the following documents.
To open an FD account with AU Small Finance Bank, one has to be eligible. Following are the individuals that are eligible to invest in AU Small Finance Bank FDs.
AU Small Finance Bank offers recurring deposits to its depositors. AU Small Finance Bank RDs have a minimum tenure of 90 days and maximum tenure of 10 years. The minimum investment in AU Small Finance Bank RD is INR 100, and there is no limit on the maximum investment. The interest rate for regular citizens is 4%-6.5% and for senior citizens is 4.5%-7%. One can invest in AU Small Finance Bank RD through either internet banking or mobile banking or by physically visiting an AU Small Finance Bank branch.
Only investment in AU Small Finance Bank Tax Saving FDs qualifies for tax saving up to INR 1,50,000 per annum. Investment in no other AU Small Finance Bank FDs qualifies for tax saving under Section 80C of the Income Tax Act. The interest income from AU Small Finance Bank FD is taxable as per the investor’s income tax slab rates. Moreover, the interest income is subject to a TDS of 10% if the income from AU Small Finance Bank FD exceeds INR 40,000 per annum. For senior citizens, the limit is INR 50,000 per annum. Also, if the investor doesn’t disclose PAN Card details to AU Small Finance Bank, then the TDS rate will be 20%.
If an investor doesn’t disclose PAN details to AU Small Finance Bank, then the bank will TDS at 20% instead of 10%. Also, AU Small Finance Bank will not issue a TDS certificate. Moreover, there won’t be a credit of TDS in income tax returns. Furthermore, all exemption certificates will be invalid.
To know in how many years AU Small Finance Bank FD will double, we can follow the 72 rule. Divide 72 by the interest rate, and the result will be the number of years the AU Small Finance Bank FD will double. For example, for a tenure of 10 years, the AU Small Finance Bank FD interest rate is 7% for senior citizens. An investor can double the investment amount by investing for this tenure in 10.28 years (72/7).
The highest FD rate in AU Small Finance Bank is 6.5% for regular citizens for a tenure of 5 years and above. The highest AU Small Finance Bank is 7.25% for a tenure of 5 years and above for senior citizens
AU Small Finance Bank FD rates range between 3.5% and 6.5% for regular citizens and between 4% and 7% for senior citizens. Moreover, AU Small Finance Bank offers an additional 0.75% interest to senior citizens on their FDs. Interest is compounded yearly and paid annually to investors. However, there are monthly payout options available as well.
The minimum investment in AU Small Finance Bank FD is INR 1,000. However, there is no limit on the maximum amount of investment in AU Small Finance Bank FD except for the tax-saving FD, which is INR 1.5 lakhs.
AU Small Finance Bank FDs guarantee return in the form of interest. The interest is paid regularly or at maturity as per the choice of the investor. Moreover, all AU Small Finance Bank deposits are covered by the Deposit Insurance Scheme of RBI. The scheme covers all AU Small Finance Bank deposits up to INR 5,00,000. Hence AU Small Finance Bank FDs are safe for investment.
Yes, a customer can open an FD account online through the internet banking facility of AU Small Finance Bank.
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