FD interest rates: AU Small Finance Bank revised interest rates on fixed deposits below Rs 3 crore, effective from January 20, 2025

Get FD interest rate up to 8.60%: This bank revises FD interest rate on these fixed deposits The bank now offers the highest interest rate of 8.10% on FDs for general citizens and 8.60% on FDs for senior citizens

AU Small Finance Bank has revised interest rates on fixed deposits for amounts less than Rs 3 crore, according to the official website of the bank. The new FD rates are effective from January 20, 2025. The bank now offers the highest interest rate of 8.10% on FDs for general citizens and 8.60% on FDs for senior citizens.

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AU Small Finance Bank FD interest rates

The bank offers interest rates between 3.75% and 8.10% on fixed deposits for general citizens for amounts below Rs 3 crore. The highest interest rate of 8.10% is offered for a tenure of 18 months.

Tenure Bucket	Interest Rates
7 Days to 1 Month 15 Days	3.75%
1 Month 16 Days to 3 Months	5.50%
3 Months 1 Day to 6 Months	6.00%
6 Months 1 Day to 12 Months	7.25%
12 Months 1 Day to 15 Months	7.85%
15 Months 1 Day to less than 18 Months	7.50%
18 Months	8.10%
18 Months 1 Day to 24 Months	7.75%
24 Months 1 Day to 36 Months	7.50%
36 Months 1 Day to 45 Months	7.50%
45 Months 1 Day to less than 60 Months	7.25%
60 Months to 120 Months	7.25%

AU Small Finance Bank FD interest rates for senior citizens

For senior citizens the interest rates vary between 4.25% and 8.60% for tenures ranging from 7 days to 10 years.

Also read: FD interest rate up to 8%: Check which bank is offering the highest rate on 3-year fixed deposits

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Tenure Bucket	Interest Rates
7 Days to 1 Month 15 Days	4.25%
1 Month 16 Days to 3 Months	6.00%
3 Months 1 Day to 6 Months	6.50%
6 Months 1 Day to 12 Months	7.75%
12 Months 1 Day to 15 Months	8.35%
15 Months 1 Day to less than 18 Months	8.00%
18 Months	8.60%
18 Months 1 Day to 24 Months	8.25%
24 Months 1 Day to 36 Months	8.00%
36 Months 1 Day to 45 Months	8.00%
45 Months 1 Day to less than 60 Months	7.75%
60 Months to 120 Months	7.75%

Source: Bank website

Premature withdrawal facility
As per the AU Small Finance Bank website, “The interest rate applicable on premature closure of Fixed Deposits (all amounts) will be lower of: (i). the base rate for the original/contracted tenure for which the Fixed Deposit has been booked OR (ii). the base rate applicable for the tenure for which the Fixed Deposit has been in force with the Bank”

Non-callable FD rates (for amounts = >Rs 1 crore 1 thousand to < 3 crore)
The AU Small Finance Bank also offers non callable FD ( no premature withdrawal facility) for amounts between Rs 1 crore and Rs 3 crore. The highest interest rate offered on this is 8.20% on tenure of 18 Months. Note that these rates are not applicable to Non-Resident Indians (NRI).

Tenure Bucket	ROI
12 Months 1 Day - 15 Months	7.95%
15 Months 1 Day - less than 18 Months	7.60%
18 Months	8.20%
18 Months 1 Day - 24 Months	7.85%
24 Months 1 Day - 36 Months	7.60%

Are small finance banks safe?

Small Finance Banks (SFBs) are generally safe as they are regulated by the Reserve Bank of India. The RBI ensures that SFBs operate under strict guidelines, which makes them as safe as other types of banks in India. According to the AU Small Finance Bank website, “ Like other types of banks in India, the RBI regulates and governs SFBs. Therefore, all the banking norms, such as Statutory Liquidity Ratio Requirements, Cash Ratio Reserve Requirements, etc., apply to them. Moreover, the RBI also defines aspects like eligibility criteria and mandatory promoter contribution for SFBs. In other words, there are stringent regulations that SFBs must adhere to for their operations. As the RBI regulates the segment, SFBs are as safe as any other type of bank.”

This story originally appeared on: India Times - Author:Faqs of Insurances