Earn up to 7.90%* on Fixed Deposit for Senior Citizen
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Get the same interest rates offered on AU Fixed Deposits, even with smaller monthly contributions
Now get all your deposit-related service requests with our Video Banking facility
Duration of three months to 10 years as per your requirement
Conveniently open an AU RD online via the AU 0101 App, Video Banking, or by visiting AU branch
Perfect for saving towards your child’s education, a dream vacation, wedding expenses, or long- term financial growth
Your returns are fixed and assured based on the tenure and amount you choose
An AU Recurring Deposit is an easy investment and ideal for first-time investors
An option of early withdrawal with a minimal charge
Deposit is insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC). Click here to know more
For more information on general terms & conditions of AU Recurring Deposits, kindly click here.
Disclaimers
^Applicable for resident Indian senior citizen customers (60 years and above) on deposits below ₹3 Crore (except non-callable deposits).
*For Resident Indian Individual Senior Citizens on Recurring Deposits tenure of 31 to 36 Months. Terms and Conditions apply.
For more FAQs, please click here.
Eligibility Criteria
How to Apply
If you already have an AU Savings Account with us, apply from the following options:
Visit your nearest AU branch
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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 is an AU Recurring Deposit?
AU Recurring Deposit is a savings option where you invest a fixed amount every month. It helps you to build a lump-sum over time and earns interest like Fixed Deposits. You can also set up automatic monthly transfers from your AU account.
How do banks calculate the amount at maturity?
The maturity amount depends on:
The tenure you choose
The applicable interest rate
What is the amount of interest that can be earned by investing in an AU Recurring Deposit?
The interest rate varies from one bank to another on the tenure selected for the Recurring Deposit account. Senior citizens also receive an additional 0.50%* extra interest. For more information on our interest rates, please click here.
Is it possible to add nominees to my Recurring Deposit account?
Yes, you can add a nominee to your Recurring Deposit account. Simply inform AU Small Finance Bank through any of the available channels – AU 0101 App, Video Banking, or by visiting your nearest AU branch.
