Product Details
Bank Name
AU Small Finance Bank
Eligibility
single holder or joint holder saving deposit or for entities.
Interest Rate
5.50% to 8% per annum.
Tenure
3 months to 120 months.
Fixed Deposit Type
Recurring
Recurring Deposit
Tax Benefits
No
Credit Ratings
CRISIL: AA+/Stable
Interest Payment Frequency
At maturity. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
Cummulative/Non-Cummulative
Cumulative
Features
This scheme provides a higher interest rate with longer periods of deposit, with quarterly compounding & reinvestment of interest.
The minimum deposit amount is Rs 100.
The maximum deposit amount is1,50,000.
Minimum Investment Amount
100
Fees and Charges
Pros
Interest is compounded quarterly.
The minimum amount required to open an RD is ₹100.
Cons
No tax benefits.
Pros & Cons
Account Opening and Procedure
How to Open?
Online:
Visit the AU Small Finance Bank website: Go to https://www.aubank.in/.
Look for the "FD" section: This is usually located under "Deposits" or "Products."
Choose the FD option: Select the type of FD you want to open (e.g., regular, cumulative, step-up).
Enter details: Fill in the required information, such as deposit amount, tenure, interest payout frequency, and nominee details.
Submit the application: Review your details and submit the application online.
In-Branch:
Visit an AU Small Finance Bank branch: Find a branch near you using their branch locator.
Gather necessary documents: Bring along your identification proof (Aadhaar card, PAN card), address proof, and income proof (if required).
Fill out the application form: Complete the FD application form provided by the bank.
Submit documents and deposit funds: Hand over the completed form, documents, and the desired deposit amount to the bank representative.
Application Procedure
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