Exploring AU Bank FD Rates for Senior Citizens

AU Small Finance Bank offers a range of Fixed Deposit (FD) schemes that cater to different investor needs, including those of senior citizens. With attractive interest rates and flexible tenors, senior citizens can maximise their returns while ensuring the safety of their investments. 

Key Features of AU Small Finance Bank FDs for Senior Citizens

Higher Interest Rates: Senior citizens are eligible for an additional interest rate over the standard rates offered to the general public. This can help you earn better returns on your savings.

Flexible Tenors: The bank offers a range of tenors, from as short as seven days to as long as ten years, allowing senior citizens to choose a term that aligns with their financial goals.

Assured Returns: Fixed Deposits with AU Small Finance Bank guarantee returns as the interest rate is fixed for the entire tenor of the deposit.

Premature Withdrawal: The bank allows premature withdrawal of FD funds, subject to terms and conditions, which provides liquidity in case of emergencies.

Loan Against FD: Senior citizens can also avail loans against their FD without breaking the deposit, ensuring they have access to funds when needed while continuing to earn interest.

AU Small Finance Bank FD Rates for Senior Citizens

AU Small Finance Bank offers competitive interest rates on FDs for senior citizens, with an additional benefit over regular rates. The rates vary depending on the tenor chosen. 

The following are the domestic and NRE/NRO FD interest rates offered by AU Small Finance Bank w.e.f. 7th June 2024:

Tenor

Senior Citizens Interest Rates (p.a.)

7 Days to 1 Month 15 Days

4.25%

1 Month 16 Days to 3 Months

6.00%

3 Months 1 Day to 6 Months

6.50%

6 Months 1 Day to 12 Months

7.75%

12 Months 1 Day to 15 Months

8.35%

15 Months 1 Day to < 18 Months

8.00%

18 Months

8.50%

18 Months 1 Day to 24 Months

8.25%

24 Months 1 Day to 36 Months

8.00%

36 Months 1 Day to 45 Months

8.00%

45 Months 1 Day to < 60 Months

7.75%

60 Months to 120 Months

7.75%


Disclaimer: The mentioned rates are subject to change at the bank’s discretion. Please refer to the official website for more details.

How to Use the AU Small Finance Bank FD Calculator

To estimate the returns on your Fixed Deposit, you can use the AU Bank FD calculator available on their website. This tool helps in planning your investment by providing an accurate calculation of the maturity amount based on the deposit amount, tenor, and applicable interest rate.

Steps to Use the FD Calculator:

  1. Visit the AU Small Finance Bank Website: Navigate to the FD calculator tool

  2. Enter Deposit Amount: Input the amount you wish to deposit

  3. Select Tenor: Choose the duration for which you want to invest your money

  4. Select Interest Rate: The calculator will auto-populate the interest rate for senior citizens

  5. Calculate: Click on the calculate button to view the maturity amount and interest earned

AU Bank’s FD rates for senior citizens are attractive for users and the bank provides various benefits and features that make it a favourable savings tool. By using the AU Small Finance Bank FD calculator, senior citizens can effectively plan their investments and maximise their returns while ensuring financial security. For the latest interest rates and detailed information, it is advisable to visit the bank’s official website or contact their customer service.

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