AU Small Finance Bank Increases Interest Rates on Time Deposits and Savings Accounts

“With the recent series of repo rate increases announced by the RBI, we have increased the FD rate to bring maximum benefits to our customers. We now offer one of the most competitive fixed deposit rates in the industry. ” said Uttam Tibrewal. Executive Director of AU Small Finance Bank said:

AU Small Finance Bank FD Rate

For term deposits maturing between 7 days and 15 days a month, the bank will continue to offer interest rates of 3.75%, and for deposits maturing between 16 days a month and 3 months, AU Small Finance Bank We continue to offer an interest rate of 4.25. %. Deposits with maturities of 1 to 6 months in 3 months offered an interest rate of 5.00%, which was 4.75% with a 25 bps increase. Previously it was 5.35%, up 50 bps.

AU Small Finance Bank has increased interest rates on deposits maturing between 12 and 15 months a day by 50 bps from 6.60% to 7.10%. The bank will increase the interest rate on term deposits with a maturity of 15 months and 1 day by 50 basis points from 6.45% to 6.95% with a maturity of 24 months, and will increase the interest rate on term deposits with a maturity of 24 months from 6.90% to 45 months. up 60 basis points on the to 7.50%. 45 months 1 to 6.95% interest rate for deposits maturing in less than 60 months from 6.45% with a 50 bps increase to 6.95% for deposits maturing in 60 to 120 months will pay interest on Previously it was 6.90%.

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AU Small Finance Bank FD Rates for Seniors

AU Small Finance Bank Resident Senior Citizens continue to get an additional rate of 0.50% on deposits for all terms.

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AU Small Finance Bank Savings Account Rates

The bank will apply 3.50% interest on savings account balances below INR 1 lac and 5.00% interest on savings account balances between INR 1 lac and INR 10 lacs. AU Small Finance Bank currently offers an interest rate of 6.00% on savings account balances ranging from INR 10 Lacs to INR 25 Lacs. The maximum interest rate on balances ranging from INR 25 Lacs to INR 1 Crore is 7%. Customer will get 6.50% interest rate on savings account balance from INR 1 Crore to less than INR 2 Crores and 6.25% interest rate on savings account balance from INR 2 Crore to less than INR 5 Crores. Get AU Small Finance Bank currently offers interest rate of 6.00% on savings account balances between Rs.500 crore and less than Rs.100 crore. Interest on a savings account is determined daily based on the available balance and paid by the bank at monthly intervals, i.e. at the end of each month.

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With input from PTI