AU SFB Hikes Interest Rates On FDs By 25 Bps: Now Get Up To 6.75%

AU Small Finance Bank (SFB) has hiked fixed deposit interest rates by 25 basis points (bps) across all tenors. Previously, as of February 3rd, 2022, the bank offered an interest rate of 3.50 percent to 6.35 percent to the general public but starting on February 23rd, 2022, the bank will now provide an interest rate of 3.75 percent to 6.75 percent.

AU Small Finance Bank Fixed Deposit Interest Rates For Regular Customers

The bank would now give an interest rate of 3.75 percent on deposits of less than Rs 2 Cr maturing in 7 days to 1 month 15 days, up from 3.50 percent before. The interest rate on deposits maturing in 1 month 16 days to 3 months has been raised from 4% to 4.25 %, while the interest rate on deposits maturing in 3 months 1 day to 6 months has been raised from 4.50 % to 4.75 %.

On deposits maturing in 6 months 1 day to 12 months, AU Small Finance Bank will now give an interest rate of 5.25 percent, up from 5.00 percent previously. Fixed deposits maturing in 12 months, 1 day to 15 months will now fetch 6.50 percent, up from 6.25 percent previously. AU SFB has raised the interest rate on deposits maturing in 15 months 1 day to 18 months and 18 months 1 day to 24 months from 6.10 percent to 6.35 percent.

The bank has also raised the interest rate on deposits maturing in 24 months 1 day to 36 months from 6.35 percent to 6.75 percent. AU SFB has raised the interest rate on term deposits maturing in 36 months 1 day to less than 60 months from 6.10 percent to 6.35 percent. Deposits maturing in 60 to 120 months will now earn a 6.75 percent interest rate, up from 6.35 percent before.

Tenure	Interest Rates Per Annum	Interest Rates (Annualized)
7 Days to 1 Month 15 Days	3.75%	-
1 Month 16 Days to 3 Months	4.25%	-
3 Months 1 Day to 6 Months	4.75%	4.84%
6 Months 1 Day to 12 Months	5.25%	5.35%
12 Months 1 Day to 15 Months	6.50%	6.66%
15 Months 1 Day to 18 Months	6.35%	6.50%
18 Months 1 Day to 24 Months	6.35%	6.50%
24 Months 1 Day to 36 Months	6.75%	6.92%
36 Months 1 Day to 45 Months	6.35%	6.50%
45 Months 1 Day to less than 60 Months	6.35%	6.50%
60 Months to 120 Months	6.75%	6.92%
Source: Bank Website. W.e.f. 23rd February 2022

AU Small Finance Bank Fixed Deposit Interest Rates For Senior Citizens

Senior citizens will continue to get an additional rate of 0.50% over and above the regular rates. On deposits maturing in 7 days to 60 months to 120 months, senior folks will now get an interest rate of 4.25 percent to 7.25 percent. On deposits maturing in 24 months, 1 day to 36 months, and 60 months to 120 months, senior residents will now get a maximum rate of 7.25 percent. These rates are in force as of February 23rd, 2022.

Tenure	Interest Rates Per Annum	Interest Rates (Annualized)
7 Days to 1 Month 15 Days	4.25%	-
1 Month 16 Days to 3 Months	4.75%	-
3 Months 1 Day to 6 Months	5.25%	5.35%
6 Months 1 Day to 12 Months	5.75%	5.88%
12 Months 1 Day to 15 Months	7.00%	7.19%
15 Months 1 Day to 18 Months	6.85%	7.03%
18 Months 1 Day to 24 Months	6.85%	7.03%
24 Months 1 Day to 36 Months	7.25%	7.45%
36 Months 1 Day to 45 Months	6.85%	7.03%
45 Months 1 Day to less than 60 Months	6.85%	7.03%
60 Months to 120 Months	7.25%	7.45%
Source: Bank Website. W.e.f. 23rd February 2022

AU Small Finance Bank Recurring Deposit Interest Rates

The bank has also changed the interest rate on recurring deposits, which are effective from February 23, 2022. Interest on recurring deposits is compounded at quarterly intervals at the prevailing rates apply. Interest will be calculated starting on the day the installment is made and the bank is presently giving the following interest rates on recurring deposits for residents, NROs, and NREs.

Tenure	Regular ROI p.a.	Senior Citizen ROI p.a.
3 Months	4.25%	4.75%
4 Months to 6 Months	4.75%	5.25%
7 Months to 12 Months	5.25%	5.75%
13 Months to 15 months	6.50%	7.00%
16 Months to 18 months	6.35%	6.85%
19 Months to 24 Months	6.35%	6.85%
25 Months to 36 Months	6.75%	7.25%
37 Months to 45 Months	6.35%	6.85%
46 Months to 59 Months	6.35%	6.85%
60 Months to 120 Months	6.75%	7.25%
Source: Bank Website. W.e.f. 23rd February 2022