Regular Fixed Deposit Account - Apply for Regular FD - AU Small Finance Bank
AU Bank
Earn up to 7% interest p.a. on Savings Account

Regular Fixed Deposit

Great rates, flexibility with Regular FD Account

Apply For Regular Fixed Deposit Account

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About Regular Fixed Deposits

    We offer you great rates, flexibility and security for your Fixed Deposits, with 0.5 % higher interest for our senior citizens and with quarterly and monthly payout options. Enjoy our facilities of booking your deposit through netbanking automatic renewal. Minimum investment amount can be as low as Rs 1000

Interest Rates

Types of Regular Fixed Deposits

Earn compound interest by reinvesting your principal amount along with the interest earned during the period. You can choose interest payout option where interest will be paid out to you at monthly or quarterly intervals instead of compounding.
 

Regular Fixed Deposit Eligibility

  • Resident Indians
  • Hindu Undivided Families
  • Sole proprietorship firms
  • Partnership firms
  • Limited companies
  • Trust accounts
 

Additional Information

A minimum initial deposit of Rs 1,000 is required to open a Fixed Deposit. PAN is mandatory to book Fixed Deposits if the total Fixed Deposit holding per customer,  per branch exceeds Rs 50,000
For premature withdrawals, including sweep-ins and partial withdrawals, the Bank will levy a penalty of 1%, on the applicable rate.
 

Tax Information

TDS (Tax Deduction at Source) will be applicable when the total interest payable or reinvested in Recurring Deposits and/or 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.

TYPE OF CUSTOMERS TAX RATE SURCHARGE EDUCATION CESS TOTAL TAXES
Resident Individual & HUF 10% ---- ---- 10%
Corporate Entity 10% ---- ---- 10%
Firms 10% ---- ---- 10%
Co-operative Societies & Local Authority 10% ---- ---- 10%
 
Please note that, TDS rate has been reduced to 7.5% for the period 14th May 2020 to 31st March 2021.

 

Slab based tax will be applicable for NRO customers

TOTAL INTEREST PAID TO NRO DEPOSITS AND SB ACCOUNTS IN A FINANCIAL YEAR TAX RATE SURCHARGE EDUCATION CESS TOTAL TAXES
Less than or equal to Rs 50 lakh 30% ---- 4% 31.20%
Greater than Rs 50 lakh but up to Rs 1 crore 30% 10% 4% 34.32%
Greater than Rs 1 crore 30% 15% 4% 35.88%

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).

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