Finding the right investment avenue that balances security and attractive returns is crucial. Fixed Deposits (FDs) have been regarded as a reliable and low-risk option. They appeal to investors seeking stability for their hard-earned savings.

AU Small Finance Bank has emerged as a great choice among the various issuers offering FDs. FDs issued by the bank come with competitive interest rates and other benefits.

AU Small Finance Bank Fixed Deposit Interest Rates

The following are the domestic and NRE/NRO FD interest rates offered by AU Small Finance Bank w.e.f. 17th April 2024:

Benefits of AU Small Finance Bank FDs

Here are some features and benefits you could enjoy when investing in the AU Bank FD:

Competitive Interest Rates

One of the main attractions of AU Small Finance Bank's fixed deposits are its interest rates. It currently offers interest rates up to 8.50% p.a. to its customers across various tenors. This could be a compelling option for those comparing bank vs NBFC interest rates.

Flexible Investment Options

Recognising the diverse needs of its customers, AU Small Finance Bank offers a range of flexible investment options in its FDs. Investors can choose from tenors spanning 7 days to 10 years. They can align their investment horizons with their specific goals and liquidity requirements.

Furthermore, the bank provides the convenience of selecting interest payout frequencies. This can be monthly or at maturity. This flexibility helps investors tailor their investments according to their cash flow requirements. With this, they could plan their financial planning strategies accordingly.

Safety and Credibility

AU Small Finance Bank is subject to regulatory oversight by the Reserve Bank of India (RBI). This framework ensures that risk management practices and industry standards are adhered to. This way, they ensure safeguarding the interests of investors. Moreover, it has been given a credit rating of AA+/Stable by CRISIL. This fosters trust among investors who prioritise the safety of their investments.

Catering to Diverse Investment Needs

AU Small Finance Bank’s FDs cater to a diverse range of investment needs. Its fixed deposits provide a reliable and rewarding avenue. This is useful whether you're saving for a purchase, or building a corpus, among others.

The bank's competitive interest rates make their offerings attractive. This could be beneficial for those seeking secure investment opportunities for their surplus funds.

Tax-efficient Investing

Fixed deposit investments are subject to tax on the interest earned. This could be done by investing in the bank’s tax saving FDs with the rate being the same as their 5-year FD tenor. Investors could seek financial advisors who can guide them with strategies to optimise their tax liabilities. They may also utilise deductions or exemptions available under the Income Tax Act, 1961. By taking advantage of these strategies, investors could maximise their FD returns.

Customer Service and Support

AU Small Finance Bank has a customer-centric approach and support services. Investors can rely on professionals to assist them with various queries. These can be documentation, and any other assistance required throughout the process. This ensures a seamless and hassle-free experience.

Accessibility

The bank's extensive branch network and accessibility make investing in their FDs convenient. With branches located across India, investors can easily access their accounts, and make inquiries. They can also manage their investments with ease, regardless of their location.

AU Small Finance Bank recognises that financial needs evolve with life's changing stages. Hence, it offers customised FDs to meet the requirements of people at varied life stages. For example, new parents may benefit from partial withdrawals to cover unexpected expenses. On the other hand, retirees might value the stability and security of an FD with a guaranteed return.

As you navigate through personal finance, AU Small Finance Bank's fixed deposit can be a reliable option. It merges high interest rates, flexible tenors, and good customer satisfaction, among others. This way, AU Small Finance Bank empowers individuals to take control of their funds with a peace of mind.