Finance

AU Small Finance Bank hikes fixed deposit rates effective from today: Check details


AU Small Finance Bank, which primarily focuses its services on the unorganised sector—including micro and small enterprises as well as farmers, has announced a hike in its  fixed deposits (FD) interest rates, effective from today, January 20, 2025. The revised rates include an increase to 8.1% for regular customers and 8.6% for senior citizens for an 18-month FD tenure.

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For domestic and NRE/NRO retail fixed deposits (for amounts under ₹3 crore),  the bank has adjusted interest rates across various tenures. Key rates include 8.1% for an 18-month FD and 7.85% for a tenure of 12 months to 15 months. The bank has also increased the rates for senior citizens, with the 18-month tenure offering 8.6%, and the 12-15 month range seeing a rate of 8.35%.

Additionally, AU Small Finance Bank has raised interest rates on non-callable FDs for amounts greater than ₹1 crore and less than ₹3 crore. For this category, the 18-month tenure offers 8.2% for regular customers, and the 12-15 month tenure yields 7.95%.

The bank also updated interest rates for monthly payout fixed deposits. The revised rates for the 18-month tenure are 8.05% for regular customers and 8.54% for senior citizens.

Here is a table representing domestic & NRE/NRO Retail Fixed Deposit Interest Rates (for amounts less than 3 crore)   (Source: AU Small Finance Bank website)

Tenure Bucket Interest Rates

Interest Rates (Annualized)

7 Days to 1 Month 15 Days 3.75%
1 Month 16 Days to 3 Months 5.50%
3 Months 1 Day to 6 Months 6.00% 6.14%
6 Months 1 Day to 12 Months 7.25% 7.45%
12 Months 1 Day to 15 Months 7.85% 8.08%
15 Months 1 Day to less than 18 Months 7.50% 7.71%
18 Months 8.10% 8.35%
18 Months 1 Day to 24 Months 7.75% 7.98%
24 Months 1 Day to 36 Months 7.50% 7.71%
36 Months 1 Day to 45 Months 7.50% 7.71%
45 Months 1 Day to less than 60 Months 7.25% 7.45%
60 Months to 120 Months 7.25% 7.45%



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