This Bank Revises Interest Rates On Savings Account: Now Get Up To 7%

Published: Wednesday, October 6, 2021, 15:49 [IST]

With effect from October 5, 2021, AU Small Finance Bank has adjusted interest rates on its savings bank deposits. Following the most recent adjustment, the bank currently provides a savings account interest rate of up to 7%. The bank also offers an online option to open a savings account, as well as higher interest rates and monthly interest payouts. The bank also has a variety of savings account options, which are detailed below.

Types of savings accounts

Here are the types of savings accounts of AU Small Finance Bank which customers should look at before opening an account.

AU Savings Account

Minimum balance: Rs 5000 per month
Interest payable: Up to 7% per annum
Suitable for: Any resident individual
Special benefit: Auto upgrade

AU Salary Account

Minimum balance: Zero
Interest payable: Up to 7% per annum
Suitable for: Salaried customers
Special benefit: Tax Advisory & 24/7 Support

AU Institution Account

Minimum balance: Zero
Interest payable: Up to 7% per annum
Suitable for: Institutions
Special benefit: Assistance & Customized Solution

AU Senior Citizen Account

Minimum balance: Rs 5000 per month
Interest payable: Up to 7% per annum
Suitable for: Resident Indian senior citizens
Special benefit: Exclusive offers and discounts

AU Women Account

Minimum balance: Rs 5000 per month
Interest payable: Up to 7% per annum
Suitable for: Women only
Special benefit: Family banking service and support

AU Kids Account

Minimum balance: Zero
Interest payable: Up to 7% per annum
Suitable for: Children
Special benefit: Insurance coverage

AU NRI Account

Minimum balance: Rs 5000 per month
Interest payable: Up to 7% per annum
Suitable for: NRIs and PIOs
Special benefit: Forex Transactions at Reasonable Rates

AU Student Account

Minimum balance: Zero
Interest payable: Up to 7% per annum
Suitable for: Students only
Special benefit: Multiple insurance coverage

AU ABHI Account

Minimum balance: Zero
Interest payable: Up to 7% per annum
Suitable for: Any resident individual
Special benefit: Online application process

AU Digital Savings Account

Minimum balance: Zero
Interest payable: Up to 7% per annum
Suitable for: Any resident individual
Special benefit: Instant account opening process

AU Small Finance Bank Savings Account Interest Rates

Savings Account Incremental Amount slab	Rate of Interest Applicable (per annum)
Balances less than INR 1 Lac	3.50%
Balances from INR 1 Lac to less than INR 10 Lacs	5.00%
Balances from INR 10 Lacs to less than INR 25 Lacs	6.00%
Balances from INR 25 Lacs to less than INR 1 Crore	7.00%
Balances from INR 1 Crore to less than INR 10 Crores	6.00%
Applicable Interest Rates on Savings Bank Deposits w.e.f. 5th October 2021, Source: Bank Website

AU Small Finance Bank Fixed Deposit Interest Rates

The bank's most recent interest rates for Domestic & NRE/NRO Retail Fixed Deposits for amounts less than Rs 2 Crore are listed below.

Tenure	Regular Interest Rates	For Senior citizens
7 Days to 1 Month 15 Days	3.50%	4.00%
1 Month 16 Days to 3 Months	4.00%	4.50%
3 Months 1 Day to 6 Months	4.35%	4.85%
6 Months 1 Day to 12 Months	4.85%	5.35%
12 Months 1 Day to 15 Months	5.85%	6.35%
15 Months 1 Day to 18 Months	5.75%	6.25%
18 Months 1 Day to 24 Months	5.75%	6.25%
24 Months 1 Day to 36 Months	6.00%	6.50%
36 Months 1 Day to 45 Months	5.75%	6.25%
45 Months 1 Day to 60 Months	5.75%	6.25%
60 Months 1 Day to 120 Months	6.00%	6.50%
Source: Bank Website, w.e.f. 25th August 2021