AU Small Finance Bank cuts FD interest rate by 10 bps on this tenure; senior citizens can still get 8.50% FD interest The new FD rates are effective from March 10, 2025
AU Small Finance Bank has reduced 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 March 10, 2025. The bank now offers the highest interest rate of 8 % on FDs for general citizens and 8.50% on FDs for senior citizens. The bank had earlier revised the FD interest rates on January 20, 2025.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
On which tenure has the bank cut the FD interest rate?
AU Small Finance Bank has reduced FD interest rate on 18 months tenure from 8.10% to 8% for general citizens and 8.60% to 8.50% for senior citizens.Also read: FD interest rate up to 9%: Check highest interest rate and one-year interest rate of fixed deposits of these banks
Latest AU Small Finance Bank FD interest rates
The bank offers interest rates between 3.75% and 8% on fixed deposits for general citizens for amounts less than Rs 3 crore.Tenure BucketInterest Rates7 Days to 1 Month 15 Days3.75%1 Month 16 Days to 3 Months5.50%3 Months 1 Day to 6 Months6.00%6 Months 1 Day to 12 Months7.25%12 Months 1 Day to 15 Months7.85%15 Months 1 Day to less than 18 Months7.50%18 Months8.00%18 Months 1 Day to 24 Months7.75%24 Months 1 Day to 36 Months7.50%36 Months 1 Day to 45 Months7.50%45 Months 1 Day to less than 60 Months7.25%60 Months to 120 Months7.25%NSC vs bank FDs: Which is a better tax saving option?
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AU Small Finance Bank FD rates for senior citizens
The bank offers interest rates between 4.25% and 8.50% on fixed deposits for senior citizens for amounts less than Rs 3 crore.Tenure BucketInterest Rates7 Days to 1 Month 15 Days4.25%1 Month 16 Days to 3 Months6.00%3 Months 1 Day to 6 Months6.50%6 Months 1 Day to 12 Months7.75%12 Months 1 Day to 15 Months8.35%15 Months 1 Day to less than 18 Months8.00%18 Months8.50%18 Months 1 Day to 24 Months8.25%24 Months 1 Day to 36 Months8.00%36 Months 1 Day to 45 Months8.00%45 Months 1 Day to less than 60 Months7.75%60 Months to 120 Months7.75%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”#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
This story originally appeared on: India Times - Author:Faqs of Insurances
