A Fixed Deposit is a capital-protected fixed interest-bearing financial instrument that bears interest on deposits regardless of market conditions. We, at AU Bank, offer you lucrative Fixed Deposit options with high-interest rates, so you need not worry about your wealth. We provide flexible payout options and auto-renewal facilities so you can plan for a better future.
Furthermore, the various types of deposits like Fixed Deposits, Recurring Deposits, etc., that you book with us are covered under the insurance scheme provided by Deposit Insurance and Credit Guarantee Corporation (DICGC). Hence, you can book funds in multiple names like spouse, parents, etc., to increase your deposits’ insurance coverage and security. For more details, click here.
Yes, you can opt for your interest to be paid out every month. If you opt for compounding interest, the entire sum will be paid at the end of the FD tenure, when your Fixed Deposit matures.