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Earn up to 7% interest p.a. on Savings Account

5-year Tax Saving Fixed Deposit (FD)

Save tax and earn great returns with tax saving FD

Apply for 5-Year Tax Saving FD

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About 5-year Tax Saving FD

    Save tax along with great returns over investments in AU Small Finance Bank’s Tax Saving Fixed Deposits. These regular Tax Saving products are available to all resident individuals, HUFs and Minors. Grow your wealth with AU Bank’s 5-year Tax Saving Fixed Deposit, which is a Term Deposit that comes with a minimum deposit of INR 1000 to INR 1.5 Lakh per Financial Year and gives you excellent Term Deposit interest rates in return.

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Tax Information for 5-year Tax Saving Fixed Deposit

TDS will be deducted when interest payable or reinvested in Recurring Deposits and Fixed Deposits, per customer, across all branches, exceeds Rs. 40,000 in a Financial Year. In case of Senior Citizen, TDS will be deducted when interest payable or reinvested on Recurring Deposits and Fixed Deposits per customer, across all branches, exceeds Rs. 50,000 in a financial year. A TDS Certificate will be mailed to you after end of every quarter during the Financial Year, providing the details of TDS deducted during the quarter.

The following tax slab will be applicable for a 5-year Tax Saving Fixed Deposit.

Resident Individuals & HUF 10% --- --- 10%
“Please note that, TDS rate has been reduced to 7.5% for the period 14th May 2020 to 31st March 2021.”

A fresh Form 15G/15H is required to be submitted for each Financial Year. Form 15G/15H should be submitted at the time of creation of FD or beginning of Financial Year, whichever is earlier. Further, fresh Form 15G/H needs to be submitted for all subsequent deposit(s) booked during the Financial Year. TDS is recovered on the total of interest compounded, interest paid and interest accrued at the end of Financial Year i.e. 31st March on the Fixed Deposit(s)/Recurring Deposit(s).

Eligibility for 5-year Tax Saving Fixed Deposit

  • Resident individuals
  • Hindu Undivided Families

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