Open FD Online with High Interest Rates | AU Small Finance Bank
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Fixed Deposit (FD)

AU Small Finance Bank provides a diverse range of Fixed Deposits that come with attractive annual interest rates, ensuring a lucrative return on investment. Moreover, senior citizens are eligible for an exclusive additional interest rate of up to 0.50% per annum on their Fixed Deposits.

 

Types of Fixed Deposits (FD)

We offer high rates, flexibility & security for your Fixed Deposits. Senior Citizens can now earn up to 0.50% higher interest on FDs over and above the existing rates, along with quarterly and monthly payout options.
Grow your wealth with our 5-Year Tax Saving Fixed Deposit, with a minimum deposit of INR 1000 to a maximum of INR 1.5 lakhs per financial year.

With the Sweep-In Facility, you can link your existing Fixed Deposit to your Savings or Current Account.


What is a Fixed Deposit?

A fixed deposit (FD) is a secure investment option where you deposit a specific amount of money with a financial institution for a fixed period. It offers guaranteed returns at a fixed interest rate, providing stability and security for your investment. With flexible tenure options, fixed deposits cater to different financial goals. They are a reliable choice, ensuring peace of mind and steady returns.

Standard Fixed Deposit Interest Rates in India

 

How is the Fixed Deposit (FD) Interest Rate calculated?

  • Manual Calculation: The Fixed Deposit interest calculation formula is as follows:

A = P (1+r/n) ^ (n * t)

  • Online FD Interest Calculator: You can also use an online FD interest calculator to get accurate results. It is best to use the algorithm-based tool as it can be used multiple times rather than calculating manually.

Explore our Fixed Deposit Calculator for more details

FD Tenure Bucket
Fixed Deposit Interest Rates
FD Interest Rates (Annualized)
12 Months 1 Day - 15 Months
7.75%
7.98%
15 Months 1 Day - less than 18 Months
7.50%
7.71%
18 Months
8.00%
8.24%
18 Months 1 Day - 24 Months
7.75%
7.98%
24 Months 1 Day - 36 Months
7.50%
7.71%
 

Open Fixed Deposit (FD) Online using Video KYC at AU Small Finance Bank

You can also apply for an FD via the AU Video Banking facility, where you can video call our representative and initiate the account opening process. To get on a Video Banking call, here are some of the pre-requisites you need to follow:

  • Age Requirement for Fixed Deposit: 18 years and above
  • Device requirement: Smartphone, tablet, or laptop with active internet connection
  • Well-lit room for the video call
  • Keep original PAN card, blank paper, and blue/black pen handy
 

Features of Fixed Deposit

  • Attractive interest rates on Fixed Deposits
  • Tax savings up to INR 1,50,000 per year (for Tax Saver FDs)
  • Assured returns for longer tenure of up to 10 years
  • Additional interest for senior citizens up to 0.50% p.a.
  • Loan facility through FD overdraft
  • Nomination facility for claiming Fixed Deposit Interest and earnings
 

Benefits of Fixed Deposit (FD)

Whether you open a regular or tax-saving Fixed Deposit with AU Small Finance Bank, you can avail a host of benefits on the term deposit:

  • Risk-free and long-term financial investment
  • High rate of interest on term deposits
  • Flexible tenure options from 7 days to 10 years (Tax-saving FD: Fixed Tenure - 5 years)
  • Assured returns independent of market fluctuations
  • Choice of monthly or quarterly interest payouts
  • Option for partial or premature withdrawal, subject to additional charges
  • Easy online or offline FD booking with a minimum investment of INR 1,000
  • FD schemes insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) as a scheduled commercial bank
 

Eligibility Criteria – Fixed Deposit (FD)

Before you apply for an AU Fixed Deposit, you are required to meet the below-mentioned eligibility conditions:

  • Eligible for booking FD: Resident Indians, persons of Indian origin, overseas citizens, HUFs, and non-resident Indians (NRIs)
  • Business entities eligible: Partnership firms, sole proprietorship firms, limited companies, HUFs, and trust accounts.
 

How to Apply for a Fixed Deposit Online / Offline?

AU Small Finance Bank provides various options to apply for a Fixed Deposit online & offline. You can easily book an FD using AU 0101 App & AU 0101 NetBanking or website.

 

Via an AU 0101 App & NetBanking:

Non-AU Small Finance Bank Customers with no Current or Savings Account relationship can open a Fixed Deposit on AU 0101 App with the help of the following steps.

  • Select FD option on the AU 0101 App.
  • Enter PAN & Aadhaar details to verify & proceed for E-KYC.
  • Confirm your personal and income details & submit FATCA declaration.
  • Choose your Fixed Deposit Type, Enter Amount, Tenure, Bank Account Details & Branch.
  • Confirm and proceed to fund your account.
  • Select either ‘Complete your KYC over Video Call now’ or ‘Schedule a Video Call’ for a later date.
  • Confirm your details with our Video Banking Officer, display your PAN Card on the camera, sign on a blank piece of paper & display your signature on the camera.
    • Tap on FD/RD, and select Open FD/RD.

AU Small Finance Bank Customers can open a Fixed Deposit on AU 0101 App with the help of the following steps.

  • Login to AU 0101 App
  • Select Product, enter Deposit Amount, select Interest Pay-out Frequency, Deposit Period and Debit Account.
  • Click on Next.
  • Set Maturity Instructions and you may choose to select a Nominee.
  • Proceed to book your FD/RD.
 

FAQs

 

Q1. How is monthly interest payout calculated for Fixed Deposit?

You can calculate the interest payments for the Fixed Deposit, either manually or using an online calculator. Use the formula A= P(1+r/n)^n*t for manual estimation, or you can use an online FD interest calculator that requires you to input the rate of interest, principal amount, & tenure.

Q2. Is FD a good investment?

FD is a safe investment option. The financial instrument is a good investment as the returns are assured, and you can earn at the rate of 8.00% per annum.

Q3. What are the minimum and maximum amounts for investing in a tax-saving Fixed Deposit?

You can start investing in a tax–saving Fixed Deposit with a minimum investment of INR 1,000. The maximum amount is INR 1.50 lakh.

Q4. How much amount of FD interest is tax-free?

The bank is mandated to deduct Tax Deducted at Source (TDS) if the interest payments exceed INR 40,000 from all FD accounts in a financial year. In case you are a senior citizen (60 years and above), the limit is INR 50,000. Read More - Dealing with TDS on Fixed Deposits in India

Q5. Does FD come under 80C?

Yes, you can claim a tax deduction on a Tax saver FD under Section 80C of the Income Tax (IT) Act.