AU Small Finance Bank hikes interest rates on fixed deposits and savings accounts

Uttam Tibrewal said, “With the repo rate hike recently announced by RBI, we have increased the FD rates to give maximum benefit to our customers. Presently, we are offering one of the most competitive rates in fixed deposits in the industry. Offering one.” AU Small Finance Bank executive director said.

AU Small Finance Bank FD Rates

On fixed deposits maturing in 7 days to 1 month 15 days, the bank will continue to offer an interest rate of 3.75% and on deposits maturing in 1 month 16 days to 3 months AU Small Finance Bank will continue to offer an interest rate of 4.25 Will continue to do , Deposits maturing in 3 months 1 day to 6 months will now be offered an interest rate of 5.00% which was a 4.75% increase of 25 bps and now 5.85% on deposits maturing in 6 months from 1 day to 12 months An interest rate of 5.35% will be offered as an increase of 50 bps earlier.

AU Small Finance Bank has increased its interest rate by 50 bps to 7.10% from 6.60% on deposits maturing in 12 months 1 day to 15 months. The bank has increased the interest rate on fixed deposits maturing in 15 months 1 day by 50 basis points from 6.45% to 6.95% and on deposits maturing in 24 months 1 day by 60 basis points to 6.90%. up to 7.50%. Interest rate on deposits maturing in less than 60 months from 45 months 1 day increased from 6.45% to 6.95%, an increase of 50 bps and deposits maturing in 60 months to 120 months now to 6.95% rate will be paid. The first 6.90%.

AU Small Finance Bank FD Rates for Senior Citizens

Resident Senior Citizen customers of AU Small Finance Bank will continue to get an additional rate of 0.50% on deposits for all tenors.

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AU Small Finance Bank Savings Account Rates

The bank will offer 3.50% interest rate on savings account balance below Rs 1 lakh and 5.00% interest rate on savings account balance between Rs 1 lakh and Rs 10 lakh. AU Small Finance Bank is now offering an interest rate of 6.00% on savings account balances from INR 10 Lakh to INR 25 Lakh with a maximum interest rate of 7% on balances from INR 25 Lakh to INR 1 Crore. Customers will now get an interest rate of 6.50% on savings account balances from Rs 1 crore to less than Rs 2 crore and 6.25% on savings account balances from Rs 2 crore to less than Rs 5 crore. AU Small Finance Bank currently offers 6.00% interest rate on savings account balances ranging from INR 5 Cr to less than INR 10 Cr. Savings account interest will be determined on the basis of available daily balance and will be paid by the bank at monthly intervals, i.e. at the end of each month.

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With inputs from PTI