Earn higher Interest rates based on your principal amount and tenure.
No need to visit a branch; now get all your Fixed Deposit-related service requests executed from the comfort of your home with the help of our Video Banking facility.
You can complete the entire Fixed Deposit application process online through AU 0101, or through our Video Banking facility, or visit a branch to apply in person.
Decide on a duration ranging from seven days to 10 years, as per your requirement.
Nominate a beneficiary to claim the interest and earnings from your regular Fixed Deposit in case of an unfortunate event.
Avail of Overdraft facilities against your Fixed Deposit as and when required.
Flexibility to withdraw funds from your Fixed Deposit in case of an emergency.
Start your investment journey with us with as little as INR 1,000.
Your deposit is insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC).
Choose between callable and non-callable (No premature withdrawal allowed) Fixed Deposits.
Choose between monthly, quarterly, and cumulative (at maturity) payout options to manage your cash flows.
Disclaimer:
^Applicable for resident Indian senior citizen customers (60 years and above) on deposits below ₹3 Crore (except non-callable deposits).
^This is an approximate maturity amount. The final value may differ. Also, it does not include TDS deductions
Calculate FD Interest: This is an approximate maturity amount. The final value may differ. Also, it does not include TDS deductions
Things to know
How to apply
Eligibility
National presence
Bank with us through a network of 3,000+ touchpoints.
Get a bit more
Enjoy quality services at competitive rates.
Visit branches without the wait
Our ample touchpoints ensure all our customers are conveniently served.
Superfast app
Manage and track all your transactions on the AU 0101 App.
Sustained growth
Expanding by every quarter, with a balance sheet of over ₹1 lakh crore.
24x7 help
What are the benefits of a Fixed Deposit?
Can I get monthly interest on my Fixed Deposit?
Yes, you can opt for your interest to be paid out every month. If you opt for compounding interest, the entire sum will be paid at the end of the FD tenure, when your Fixed Deposit matures.
What is the maximum amount that can be invested in a Fixed Deposit?
You can invest a minimum of INR 1,000. There is no maximum investment amount for a Fixed Deposit.
Can I declare my Fixed Deposit investment to avail of tax exemption?
If you hold a Tax Saving Fixed Deposit, you will be eligible for tax deduction up to INR 1,50,000 per year under Section 80C of the Income Tax Act, 1961.
How is the Fixed Deposit (FD) Interest Rate calculated?
· Manual Calculation: The Fixed Deposit interest calculation formula is as follows:
A = P (1+r/n) ^ (n * t)
· Online FD Interest Calculator: You can also use an online FD interest calculator to get accurate results. It is best to use the algorithm-based tool as it can be used multiple times rather than calculating manually.
Explore our Fixed Deposit Calculator for more details
Note: FD interest is calculated and compounded based on the actual number of days in a quarter. The calculation base also changes during a leap year from 365 to 366 days.
When is TDS liable to be deducted?
TDS will be applicable if the interest received or likely to be received, during the financial year, exceeds Rs. 50,000. Further, in case of Senior Citizen, TDS will be applicable if the interest received or likely to be received, during the financial year, exceeds Rs. 1,00,000.
