Is it necessary to have an AU Digital Current Account for my business?

While it's not compulsory, AU Digital Current Account provides an optimal, tech-driven solution for entrepreneurs and professionals looking for quick& digital means of managing their finances. It's an empowering tool for your business arsenal.

Who is eligible to open an AU Digital Current Account?

AU Digital Current Account is accessible to both individuals and sole proprietors. We're here to support your financial journey.

How can I open an AU Digital Current Account?

Opening an AU Digital Current Account is a breeze with our intuitive, self-guided process. Click here to embark on your seamless banking experience.

Are GST and Aadhaar required for opening AU Digital Current Account?

Yes, both GST and Aadhaar are essential for the process. We value your security and compliance with regulations.

Does AU Digital Current Account earn interest?

Currently, our AU Digital Current Account does not generate interest. It's designed to facilitate smooth transactions for your business needs.

Fixed Deposit Overdraft Account | AU Small Finance Bank

Features and Benefits

Features and Benefits of Loan Against the Fixed Deposit

Flexibility and Convenience: An overdraft facility provides you with the flexibility to withdraw funds as per your requirements. You only pay interest on the amount utilized, making it a cost-effective solution for managing short-term financial needs.
Repayment Flexibility: With an overdraft facility, you have the flexibility to repay the borrowed amount at your convenience. You can choose to repay it in full or in installments, depending on your financial situation and bank’s approval
Interest Savings: Similar to a loan against FD, the interest rates for an overdraft against FD are typically lower than those for unsecured personal loans. This results in interest savings over the borrowing period. Interest will be 1% above the FD rate given to the customer
Instant Access to Funds: By opting for a loan against your FD, you can access funds quickly without the need to break your deposit. This can be beneficial in times of emergencies or when you require immediate financial assistance.

Fees and Charges

Rate of Interest: 1% above the interest payable on FD offered

ROI for Overutilization above OD limit: For utilization above the overdraft limit, additional rate of 1% will apply on existing OD rate for the over utilized amount.