AU Small Finance Bank Boosts FD, RD Rates to 7.90%
AU Small Finance Bank has increased interest rates on fixed deposits (FDs), recurring deposits (RDs), and Foreign Currency Non-Resident (FCNR) deposits, offering customers potentially higher returns. The revised rates are available across both physical branches and digital platforms.
The bank is now offering interest rates of up to 7.90% for select deposit schemes. These changes aim to attract both resident and non-resident Indian (NRI) customers seeking better returns on their savings.
Specific rates vary depending on the deposit tenure and the customer category. Senior citizens continue to receive preferential rates, reflecting the bank’s commitment to supporting this demographic. NRIs also benefit from competitive FCNR rates, enabling them to invest in India while residing abroad.
Customers are advised to check the bank's official website or visit a branch for the most up-to-date information on applicable interest rates and terms and conditions. The increase is part of a broader trend in the Indian banking sector, where several institutions are adjusting deposit rates in response to evolving market conditions and liquidity levels.
AU Small Finance Bank’s move provides an opportunity for individuals to maximize their savings and potentially benefit from increased returns on their fixed and recurring deposits, particularly for senior citizens and NRIs.
