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Interest Rates

Mentioned below are the applicable Fixed Deposit Interest Rates for the mentioned tenures. The below mentioned Fixed Deposit Interest rates are effective 14th August 2017.

1. For Domestic Retail Fixed Deposits (for amounts less than INR 1 Crore)

TENURE BUCKETS

Interest Rate / Card Rate p.a. (%)

Senior Citizen Interest Rate p.a. (%)

7 Days to 1 Month 15 Days

6.00%

6.50%

1 Month 16 Days to 6 Months

6.75%

7.25%

6 Months 1 Day  to 12 Months

7.00%

7.50%

12 Months 1 Day to 24 Months

7.25%

7.75%

24 Months 1 Day to 36 Months

7.35%

7.85%

36 Months 1 Day to 60 Months

7.25%

7.75%

60 Months 1 Day to 120 Months

7.25%

7.75%

2. Terms & Conditions
  1. Retail Fixed Deposits are single Fixed Deposits booked for an amount less than INR 1 Crore

  2. Interest rates are subject to periodic changes. The applicable interest rates will be offered based on the date and time of receipt of the funds by the Bank. The depositor shall ascertain the rates on the booking date of Fixed Deposit

  3. Only Resident Indian Senior Citizens (of 60 years of age and above) are eligible for the Senior Citizen Interest rate specified. The special rates are applicable only for Resident deposits.

  4. The Bank computes interest based on the actual number of months & days in a year. In case, the Deposit is spread over a leap and a non-leap year, the interest is calculated based on the number of days i.e. 366 days in a leap year & 365 days in a non-leap year. The period of Fixed Deposit is calculated in number of months & days

  5. The interest rate applicable on premature closure of Fixed deposits (all amounts) will be lower of:

    (i). the base rate for the original/contracted tenure for which the fixed deposit has been booked

    OR

    (ii). the base rate applicable for the tenure for which the fixed deposit has been in force with the Bank

    The base rate is the rate applicable to Retail Fixed Deposits as on the date of booking the deposit.

  1. The penalty on premature closure / withdrawal of Retail Fixed Deposits including sweep-in and partial closures has been fixed by the Bank at the rate of 1%

  2. In case of Domestic Fixed Deposits: No interest will be paid if the deposit is withdrawn within 7 days of the date of booking the deposit

  3. Please read the Terms & Conditions for Fixed Deposits to know more

  4. Interest compounding frequency and interest payout frequency, on our Fixed Deposits, is on anniversary basis

Mentioned below are the applicable Recurring Deposit Interest Rates for the mentioned tenures. The below mentioned Recurring Deposit Interest rates are effective 14th August 2017.

1. Recurring Deposits

TENURE BUCKETS

Interest Rate p.a. (%)

For Domestic deposits (%)

For Senior Citizens*

(%)

3 Months

6.75%

7.25%

6 Months

6.75%

7.25%

9 Months

7.00%

7.50%

12 Months

7.25%

7.75%

15 Months

7.25%

7.75%

18 Months

7.25%

7.75%

21 Months

7.25%

7.75%

24 Months

7.25%

7.75%

27 Months

7.35%

7.85%

30 Months

7.35%

7.85%

33 Months

7.35%

7.85%

36 Months

7.35%

7.85%

37 Months to 60 Months

7.25%

7.75%

61 Months to 120 months

7.25%

7.75%

* Only Senior Citizen customers of AU Small Finance Bank are eligible for the mentioned rates

 

2. Terms & Conditions
  1. Interest rates are subject to periodic changes. The applicable interest rates will be offered based on the date and time of receipt of the funds by the Bank. The depositor shall ascertain the rates on the booking date of Recurring Deposit

  2. For Recurring Deposits, the interest rate applicable on premature closure of deposits will be the base rate applicable for the tenure for which the deposit has been in force with the Bank. The base rate is the rate applicable to Retail Fixed Deposits as on the date of booking the deposit.

  3. For Recurring Deposits, the interest on Deposits is compounded at quarterly intervals, at the applicable rates. The interest will be calculated from the date the instalment is paid.

  4. The Recurring Deposit shall mature on completion of the contracted tenure even if there are installments remaining to be paid.

  5. The penalty on premature closure of Recurring Deposits has been fixed by the Bank at the rate of 1%

  6. For Recurring deposits, in case of premature closure within a month, no interest shall be paid out to the customer & only the principal amount shall be returned. No premature withdrawal penalty shall be charged if the closure happens within a month

  7. Please read the Terms & Conditions for Recurring Deposits to know more

 

Mentioned below are the applicable Interest Rates for Savings Account balances for Domestic Savings Accounts.

1. For Domestic Savings Account

Savings Account Amount slab

Rate of Interest applicable (per annum)

Savings Account balances less than INR 1 Lac

5.00%

Savings Account balances from INR 1 Lac to less than INR 10 Lacs

6.00%

INR 10 Lacs & above Savings Account balances*

6.50%

  • Please note that the Savings Account interest will be calculated on a daily basis & paid at monthly intervals (i.e. post the end of each month)

  • Please note that the interest rates mentioned are applicable for the incremental balances that are present corresponding to the amount slab mentioned.

  • For example: If the total balance is INR 15 Lacs, then the following gird will be applicable:

    • For incremental balances of INR 1 to INR 99,999 : 5.00%

    • For incremental balances of INR 1 Lac to INR 9,99,999 : 6.00%

    • For incremental balances of INR 10 Lacs to INR 15 Lacs : 6.50%

  • Please note that all of the above stated Savings Account Interest Rates are subject to change without prior notice

 

*For interest rates on amount greater than Rs. 10 Crores, please contact the branch / your designated Relationship Manager.

MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 7th  November 2017

Tenor – wise MCLR effective from 7th November 2017 are as under:

Tenor MCLR (%)
Overnight MCLR 11.75
1 Month MCLR 11.75
3 Month MCLR 12.25
6 Month MCLR 12.75
1 Year MCLR 12.75
2 Year MCLR 13.20
3 Year MCLR 13.30

External benchmark Rates effective from 7th November 2017 is as under:

Benchmark Rate (%)
External Benchmark Rate* 6.62

*Based on 3 months` average yield of 10 year Government of India Securities (G-Sec)