AU Small Finance Bank started its journey as an NBFC in 1996. It got into the banking sector in April 2019. AU mainly focuses on providing small business loans to MSMEs, personal loans, gold against loans, home loans, and commercial banking products. The bank has a total of 692 branches and 514 ATMs across India. The bank’s fixed deposit has an AA+ (Stable) Credit rating and a total deposit of Rs. 52,585 crores as of March 2022.
Now, let’s learn about its features, benefits and how it can help you in your FD investment planning.
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What is the AU Bank FD Calculator?
The AU Bank FD calculator is an easy and effective tool to make your investment planning quicker and error-free. This tool is easily available online and can be used for free for as many times as you need. All you need to do is enter your FD details, such as FD amount, interest rate, tenure, etc., and it will display the estimated returns you can earn along with the interest accumulated over that period.
FD is one of the most preferred investment choices among Indian investors due to its risk-free and convenient investment strategy. Check out its features and benefits below.
What are the Features of AU Bank FD Calculator?
AU Small Finance Bank offers two types of fixed deposits – regular and 5-year tax-saving fixed deposits. Here are the features of the AU Small Finance Bank FD calculator:
- The tool helps you know about the amount receivable at maturity beforehand.
- An online fixed deposit calculator is more accurate and quicker than doing manual calculations. You can get error-free results within seconds of entering the value.
- You can use the tool as many times as you want. You can adjust the values and try different combinations of interest rates and tenures to find the FD plan most suitable for you.
- You can compare multiple banks or NBFCs and choose the one most fitting as per your requirements.
What are the Benefits of Using AU FD Calculator?
There are multiple benefits of using the AU FD calculator:
- Time-saving: The amount receivable at maturity, along with the interest accumulated, is shown within fractions of seconds. Manual calculations take longer.
- Comparing FDs: You can compare different FDs offered by banks or NBFCs and choose the one most suitable to your requirements.
- Decision Making: This calculator helps you make responsible financial decisions by giving estimated results. You get an idea of your investment and returns, and hence, you can plan your finances accordingly.
- Convenience: You can use this calculator anywhere at any time. Hence, you don’t have to wait for suitable opportunities and time to plan your finances.
How to Use the AU Bank FD Calculator?
Using the calculator is easy as it has a user-friendly interface and straightforward instructions. Here are steps to follow to use this calculator:
Step 1: Navigate to the FD calculator page.
Step 2: Enter the values in the respective fields, such as FD amount, interest rate and tenure.
Step 3: Click on “Calculate”.
Step 4: You will be able to view the amount receivable at maturity along with interest accumulated on the screen within seconds.
If the calculator allows you to set the compounding frequency of the FD, you can set it as monthly, quarterly, semi-annually or annually to calculate the returns.
AU Bank FD Rates
The following tables discuss the AU small bank FD rates for general and senior citizens:
For Domestic & NRE/NRO Retail Fixed Deposits (amounts less than ₹2 Crore)
FD Tenure |
FD Interest Rate (General citizens)* |
FD Interest Rate (Senior citizens)** |
7 Days to 1 Month 15 Days |
3.75% |
4.25% |
1 Month 16 Days to 3 Months |
4.25% |
4.75% |
3 Months 1 Day to 6 Months |
5.00% |
5.50% |
6 Months 1 Day to 12 Months |
6.75% |
7.25% |
12 Months 1 Day to 15 Months |
7.75% |
8.25% |
15 Months 1 Day to 18 Months |
7.50% |
8.00% |
18 Months 1 Day to 24 Months |
7.50% |
8.00% |
24 Months 1 Day to 36 Months |
8.00% |
8.50% |
36 Months 1 Day to 45 Months |
7.75% |
8.25% |
45 Months 1 Day to less than 60 Months |
7.25% |
7.75% |
60 Months to 120 Months |
7.25% |
7.75% |
*Effective from August 16 2023, and not applicable to NRIs
***Applicable to only Indian residents who are senior citizens & have an existing relationship with AU Bank
For Domestic & NRE/NRO Retail Monthly Payout Fixed Deposits (amounts > ₹2 crores)
FD Tenure | FD Interest Rate (Regular Citizen)* | FD Interest Rate (Senior Citizen)* |
7 Days to 1 Month 15 Days | N/A | N/A |
1 Month 16 Days to 3 Months | N/A | N/A |
3 Months 1 Day to 6 Months | 4.98% | 5.47% |
6 Months 1 Day to 12 Months | 6.71% | 7.21% |
12 Months 1 Day to 15 Months | 7.70% | 8.19% |
15 Months 1 Day to 18 Months | 7.45% | 7.95% |
18 Months 1 Day to 24 Months | 7.45% | 7.95% |
24 Months 1 Day to 36 Months | 7.95% | 8.44% |
36 Months 1 Day to 45 Months | 7.70% | 8.19% |
45 Months 1 Day to less than 60 Months | 7.21% | 7.70% |
60 Months to 120 Months | 7.21% | 7.70% |
*Effective from August 16 2023
Summing Up
AU Bank offers fixed deposits at competitive rates of interest. Carefully assess their various options to find the one suitable for you. You can then use the AU Bank FD calculator to calculate the amount receivable at maturity. Also, adjust and try out the other possibilities available to find the FD option that aligns with your financial goals.
AU Bank FD Calculator : FAQs
A duly filled application form, proof of identity, residence proof and proof of date of birth are the documents that you need to submit to open AU bank FD.
Indian residents, trusts, HUFs, partnership firms, limited companies and sole proprietor firms are eligible to open an FD with AU Small Finance Bank.
Yes, you can claim a tax deduction on the FD amount of up to ₹1.5 lakh under Section 80C of the Income Tax Act if you book the AU Small Finance Bank Tax Saving Fixed Deposit.