AU Small Finance Bank has changed the interest rates on fixed deposits. The new rates for fixed deposits (FD) of less than Rs 3 crore have become effective from June 10. After the amendment, the bank is giving interest ranging from 3.50% to 7.40% to the common citizens. Senior citizens are also getting the facility of 0.50 percent additional interest.
Earlier on April 23, the bank had changed the interest rate of FD. Earlier the bank was offering maximum interest of 7.25% to ordinary citizens. Whereas the interest rate for senior citizens was from 4% to 7.75%, but now the maximum interest rate has become 7.90%. Keep in mind that all banks keep changing the interest rates of FD from time to time. Therefore, before investing, customers are advised to visit the official website of the bank and the nearest branch.
The bank is offering the highest interest on tenures ranging from 30 months, 1 day to 36 months. Common citizens are getting 7% or more interest on all tenures ranging from 12 months, 1 day to 45 months. The bank is offering 7.10% interest to general citizens and 7.60% interest to senior citizens on two different terms ranging from 24 months, 1 day to 30 months and 12 months, 1 day to 15 months. 6.75% interest is being given on FD ranging from 45 months, 1 day to 120 months. The interest rate for senior citizens is 7.25%.
