What we offer
Fincare offers flexible term-loans to businesses or institutions to fulfil corporate, working capital or business expansion needs. We want to be your partner in growth!
Exposure limit - Up to 20 crore
Processing fees - Up to 1%
Margin deposits - Up to 10%
Rate of interest - 10-year G-Sec’s most recent 3 months’ daily average yield + Spread ranging from 3% to 10%. G-Sec yield is subject to quarterly resets.
Individual customer
Avail the Gift Card at the nearest AU Small Finance Bank Branch by giving your basic details and paying the amount you want to load
Corporate customer
You may avail the Gift Card by contacting your Relationship Manager
Validity of the Gift Card
1 year from the Issuance of card
Things to know
How to apply
To apply for Corporate NetBanking, you first need to have an Account with us.
- Register for Corporate NetBanking by providing a request form.
- On successful registration, you will receive an email with a link for activation of ID and password, which will be active for 24 hours.
- Once password setup is done successfully, you can log in to our Corporate NetBanking and use our services.
- For any help on activation, please click here for a demo video which would guide you on step-by-step process for activation of Corporate Net Banking.
Eligibility
- Resident & Non-resident Indians
- Hindu Undivided Families
- Sole proprietorship firms
- Partnership firms
- Limited companies
- Trust accounts
Frequently Asked Questions (FAQs)
What are the benefits of a Fixed Deposit?
A Fixed Deposit has several advantages over other investment instruments that make it one of the safest investment options. When you avail of a Fixed Deposit, you actually get benefits such as:
- An assured return yielding product.
- Depending on the tenure of your Fixed Deposit, you can avail of an Overdraft facility.
- Flexible tenure options suiting your needs.
- Hassle-free online application to get you started with your Fixed Deposit account in no time.
- High Liquidity by opting for premature breaking of your Fixed Deposit with an applicable interest charge and subject to terms and conditions.
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.
