hypeless
Back to the news

Companies

AU Small Finance Bank offers up to 7.4% on FDs; senior citizens get 7.9%

Reported by: Business Standard ·

WhatsApp

AU Small Finance Bank

Summary

Business Standard reported that AU Small Finance Bank is offering up to 7.4% a year on fixed deposits for regular customers, and 7.9% for eligible senior citizens. The outlet said the highest rates apply to deposits with a tenure of 30 months and one day to 36 months. A fixed deposit is money kept with a bank for a fixed period at a fixed interest rate; the rate is quoted per year, so a 7.4% deposit earns ₹7,400 a year on every ₹1 lakh deposited. Senior citizens often get a slightly higher rate than other customers. The report gives only the top of the bank's deposit rate card, not the rates on shorter or longer tenures.

AI summary of what Business Standard reported. AI can make mistakes. Read the full story on Business Standard

Sources

Every outlet that reported this story. Each link opens the outlet's own article.

What each outlet wrote

The same news, in each outlet's own headline. Open one to read their full story.

Business Standard  · · Tone 0

AU Small Finance Bank offers up to 7.4% on FDs; senior citizens get 7.9%

The highest interest rates are available on deposits with a tenure of 30 months and one day to 36 months, with regular customers earning 7.40% p.a. and eligible senior citizens earning 7.90% p.a.

Some headlines quote an analyst. Those views are theirs, not ours.

Key terms

Words in this story, explained in plain language in our Learn pages.

  • interest rates

    Why prices rise over time, how India measures inflation, what the repo rate is, and why the two together affect savings, loans and what your money can buy.

    Learn: Inflation and interest rates

  • FDs

    Fixed deposits and bonds pay interest instead of ownership. Learn how they work, what credit ratings mean, why bond prices move, and what DICGC insurance covers.

    Learn: Bonds and fixed deposits

Earlier coverage

What outlets reported about the same company before this story, newest first.

Ask Hypeless about this story

Ask what it means, what a term in it means, or what other outlets said. Answers use only these outlets' headlines.

Ask Hypeless