Product Details
Bank Name
AU Bank
Eligibility
Resident & Non-resident Indians
Hindu Undivided Families
Sole proprietorship firms
Partnership firms
Limited companies
Trust accounts
Interest Rate
3.75% - 7.75%
Tenure
7 days to 120 months
Fixed Deposit Type
Regular
Regular Fixed Deposits
Tax Benefits
No
Credit Ratings
CRISIL - AA+/Stable
Interest Payment Frequency
Choice of interest payout options across monthly, quarterly, and cumulative at maturity
Cummulative/Non-Cummulative
Cumulative
Features
Lucrative returns on investment: Earn up to 8.51%* annualized interest on Fixed Deposits depending on your principal amount and tenure. Click here for Fixed Deposit Interest Rates Different payout options: Choose between monthly, quarterly, and cumulative (at maturity) payout options to manage your cash flows. Ease of application: You can complete the entire Fixed Deposit application process online through AU 0101, or through our Video Banking facility, or visit a branch to apply in person. Banking at your convenience: No need to visit a branch; now get all your Fixed Deposit-related service requests executed from the comfort of your home with the help of our Video Banking facility. Flexible account tenure: Decide on a duration ranging from seven days to 10 years, as per your requirement.
Minimum Investment Amount
You can invest a minimum of INR 1,000. There is no maximum investment amount for a Fixed Deposit.
Fees and Charges
Pros
Competitive Interest Rates
Flexibility in Tenure
Interest Payout Options
Cons
Early Withdrawal Penalty
Tax on Interest Income
Pros & Cons
Account Opening and Procedure
How to Open?
Visit the AU Small Finance Bank website and navigate to the "Fixed Deposit" section under "Deposits".
Choose "Regular Fixed Deposit" and select your preferred deposit tenure and amount.
Enter your personal details like name, address and contact information.
Pick your mode of payment and transfer the deposit amount to the bank account.
Once the transfer is complete, your FD account will be opened, and you'll receive a confirmation via SMS.
Application Procedure
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