Fixed Deposit or FD is a good interest rate investment option. AU Bank offers a Fixed Deposit Account with a high interest rate. Fixed Deposit can open for the duration of a minimum of 7 days and a maximum of ten years. Fixed Deposit gives you a high-interest rate on your deposit amount. The Deposit minimum amount is depending upon the bank.
Benefits of AU Bank Fixed Deposit
- You get a higher interest rate on your fixed Deposit while comparing with saving accounts.
- Multiple fixed deposits can open.
- AU Bank also gives a loan on your fixed Deposit so that, you don’t need to break your Deposit for your need.
- You can get an Rs.1.5 lakh exemption under Section 80 C of the Income Tax Act, 1961.
- If you are a senior citizen, then you will get a high-interest rate on your Fixed Deposit account.
Fixed Deposit Eligibility
- Fixed Deposits can open the name of Individual, Joint, Society, Company, Partnership, etc.
- The applicant must have a savings account in the bank.
Income Tax Facts on AU Bank Fixed Deposit Interest
If you are looking for income tax fact on Fixed Deposit interest, then you can check below:
- If Fixed Deposit interest is less then Rs. 40, 000/-, then the AU Bank will deduct TDS on interest.
- Interest earned on Fixed Deposit is taxable. It will treat as Income from Other Sources.
- If you don’t want to pay any TDS on Fixed Deposit, then you have to submit Form 15G and Form 15H in AU Bank.
AU Bank Tax Benefit Fixed Deposit
- Interest Rate is 6.5% for 5 years term deposits.
- The amount can not withdraw before five years.
- The deposit account can not transfer to another bank.
AU Bank Fixed Deposit Interest Rate
| Tenure Bucket | Interest Rates | Interest Rates (Annualized) |
| 7 Days to 1 Month 15 Days | 5.25% | 5.25% |
| 1 Month 16 Days to 3 Months | 6.00% | 6.00% |
| 3 Months 1 Day to 6 Months | 6.50% | 6.66% |
| 6 Months 1 Day to 12 Months | 7.00% | 7.19% |
| 12 Months 1 Day to 15 Months | 7.63% | 7.85% |
| 15 Months 1 Day to 18 Months | 7.50% | 7.71% |
| 18 Months 1 Day to 24 Months | 7.50% | 7.71% |
| 24 Months 1 Day to 36 Months | 7.77% | 8.00% |
| 36 Months 1 Day to 45 Months | 7.50% | 7.71% |
| 45 Months 1 Day to 60 Months | 7.50% | 7.71% |
| 60 Months 1 Day to 120 Months | 7.25% | 7.45% |
Non-callable rates for Retail Fixed Deposits
| Proposed Bucket | ROI | Annualized Rate |
| 12 Months 1 Day – 15 Months | 7.73% | 7.96% |
| 15 Months 1 Day – 18 Months | 7.60% | 7.82% |
| 18 Months 1 Day – 24 Months | 7.60% | 7.82% |
| 24 Months 1 Day – 36 Months | 7.87% | 8.11% |
For Senior Citizen
| Tenure Bucket | Interest Rates | Interest Rates (Annualized) |
| 7 Days to 1 Month 15 Days | 5.75% | 5.75% |
| 1 Month 16 Days to 3 Months | 6.50% | 6.50% |
| 3 Months 1 Day to 6 Months | 7.00% | 7.19% |
| 6 Months 1 Day to 12 Months | 7.50% | 7.71% |
| 12 Months 1 Day to 15 Months | 8.13% | 8.38% |
| 15 Months 1 Day to 18 Months | 8.00% | 8.24% |
| 18 Months 1 Day to 24 Months | 8.00% | 8.24% |
| 24 Months 1 Day to 36 Months | 8.27% | 8.53% |
| 36 Months 1 Day to 45 Months | 8.00% | 8.24% |
| 45 Months 1 Day to 60 Months | 8.00% | 8.24% |
| 60 Months 1 Day to 120 Months | 7.75% | 7.98% |
For Domestic & NRO Retail Monthly Payout Fixed Deposits
| TENURE | Resident / NRE / NRO Interest Rates for Monthly payout p.a. (%) |
Senior Citizen Interest Rates for Monthly payout p.a. (%) |
| 7 Days to 1 Month 15 Days | ||
| 1 Month 16 Days to 3 Months | ||
| 3 Month 1 Day to 6 Months | 6.47% | 6.96% |
| 6 Months 1 Day to 12 Months | 6.96% | 7.45% |
| 12 Months 1 Day to 15 Months | 7.58% | 8.08% |
| 15 Months 1 Day to 18 Months | 7.45% | 7.95% |
| 18 Months 1 Day to 24 Months | 7.45% | 7.95% |
| 24 Months 1 Day to 36 Months | 7.72% | 8.21% |
| 36 Months 1 Day to 45 Months | 7.45% | 7.95% |
| 45 Months 1 Day to 60 Months | 7.45% | 7.95% |
| 60 Months 1 Day to 120 Months | 7.21% | 7.70% |