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.Also read: New RBI directive to banks, NBFCs to ensure nomination in FDs, saving accounts: Check details
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
| 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.” Source Link
