AU Small Finance Bank Raises FD, RD Rates to 7.90%
AU Small Finance Bank has announced an increase in fixed deposit (FD), recurring deposit (RD), and foreign currency non-resident (FCNR) rates, offering customers potentially higher returns on their deposits. The revised rates apply to both in-branch and digital channels, catering to a broad range of depositors including general public, senior citizens, and non-resident Indians (NRIs).
The bank now offers interest rates up to 7.90% on select deposit schemes. This increase aims to make AU Small Finance Bank's deposit products more competitive in the current market. Specific rates vary depending on the deposit tenure and the depositor category (general, senior citizen, NRI).
Senior citizens continue to receive a preferential interest rate, with an additional premium over the standard rates. NRIs also benefit from competitive rates on FCNR deposits, allowing them to invest in India while taking advantage of favourable exchange rates. Customers are advised to check the bank's website or visit a branch for the most up-to-date rate information and specific terms and conditions applicable to each deposit scheme.
AU Small Finance Bank operates through a network of branches and digital platforms, providing convenient access to its deposit products. This rate revision reflects the bank's commitment to providing attractive returns to its customers and maintaining a strong deposit base.
