AU Bank FD Rates Calculator

AU Bank FD Rates Calculator is an easy-to-use and hassle-free tool that an investor can use to compute AU Fixed Deposit rates. This calculator helps the investor know the maturity amount receivable at the end of the tenure in advance so that investors can make investments wisely. 

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AU Bank FD Calculator

Total Investment

₹500 ₹10L
Enter Total Investment

Rate of Interest (Yearly)

1% 10%
Rate of Interest (Yearly)

Time Period

1 Year 10 Years
Enter Time Period
Total Investment
Interest Earned
Maturity Amount

Fixed deposits are considered zero-risk, guaranteed return investment options and are hence considered popular amongst low-risk-taking investors. The article will follow AU bank interest rates and how the AU Small Finance Bank FD rates calculator works in detail.

How Does the AU Bank FD Calculator Work?

AU Bank Fixed Deposit Calculator is a hassle-free tool that anyone can easily use by following a few basic steps. Let us follow a step-by-step method to calculate the maturity amount on the AU Bank FD Calculator.

Step 1: Browse the AU Bank FD Calculator on any device, be it mobile, laptop, tabloid, etc.

Step 2: Enter all the below-mentioned details:

  1. Deposit Amount

    As it is an FD account, it is to be noted that the deposit will be made only once. Hence, it is recommended for the investor to decide the amount of investment to be made. The deposit amount needs to be entered in the FD calculator amount tab.

  2. Interest Rate

    The interest rate varies from one bank to another and the tenure chosen for the FD investment. Once an investor purchases an FD for a defined tenure and amount, it will not be changed throughout the FD period. Generally, the interest rate is auto-filled in the AU Bank FD calculator as per the tenure opted for.

  3. Fixed Deposit Tenure

    Generally, an FD tenure ranges from 7 days to 10 years. Under the tenure tab, an investor must enter the years or days for which they have opted the FD.

  4. Compounding of Interest

    The interest earned on an FD is generally compounded monthly, quarterly, half-yearly, or yearly. It depends upon the offers provided by the AU bank on your FD scheme.

Step 3: After putting in all the details, click on the “Calculate” button.

Step 4: The maturity amount, interest earned, and all other important details will appear on the screen for your reference.

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AU Bank FD Calculator Formula

Here is the manual calculation formula if the investor wants to recheck the results attained through the online calculator:

M = P (1 + r/n) ^ nt
Here,
M = Maturity Value
P = Principal Sum
r = Rate of interest per annum
n = Total number of times the interest compounds
t = Tenure

Illustration

An investor is willing to invest Rs.1,00,000 in the AU Bank Fixed Deposit Scheme for 3 years at an interest rate of 7%. If the interest is compounded semi-annually, the maturity value as per the AU Bank FD Calculator will be:

M = 1,00,000 (1 + 7/2) ^ 2 X 3

Maturity Value = Rs.1,22,925

Benefits of Using AU Bank FD Calculator

Following are the key benefits that the calculator of AU Small Finance Bank offers:

  • Helps in knowing the accurate return amount at the end of the tenure.

  • The maturity amount is calculated online in no time with only basic details.

  • AU Bank FD Calculator online is more accurate and easy when compared to the manual fixed deposit interest rate calculation method.

  • Fixed Deposit Calculator is a free online tool and can be used as often as the investor wishes.

  • Different FD options can be checked and compared only by changing the figures entered on the AU FD Calculator.

  • This calculator helps the investor make a well-informed decision.

Guaranteed Return Investment Plan Guaranteed Return Investment Plan

Documents Required to Open an FD Account

  • Current Photographs 

  • KYC Documents 

  • Aadhar Card 

  • PAN Card 

  • Passport 

  • Voter ID card 

  • Driving License 

  • Any other document required by the bank

AU Small Finance Bank FD Interest Rates for Below Rs.2 crore

Rates with effect from 1st April 2022:

Tenure Interest Rates Regular Citizens Interest Rates Senior Citizens
7 Days and above to 1 Month 15 Days 3.75% 4.25%
1 Month 15 Days and more to less than 3 Months 4.25% 4.75%
3 months and more to less than 6 Months 4.75% 5.25%
6 months and more to less than 12 Months 5.25% 5.75%
12 months and more to less than 15 Months 6.50% 7.00%
15 months and more to less than 18 Months 6.35% 6.85%
18 months and more to less than 24 Months 6.35% 6.85%
24 months and more to less than 36 Months 6.75% 7.25%
36 months and more to less than 45 Months 6.35% 6.85%
45 months and more to less than 60 Months 6.35% 6.85%
60 months and more to less than 120 Months 6.75% 7.25%

FD Rates are subject to change.

Features of AU Bank Fixed Deposits

Some of the main highlights of the AU Bank FD schemes are as follows:

  • The tenure of the AU FD scheme can range from 7 days to 10 years.

  • Returns as high as 6.75% can be attained in 10 years which is higher than many other banks offering FDs.

  • The savings account of the investor is linked to the FD scheme, making transactions transparent and easy.

  • The 5-year tax saving FD offered by the AU Bank offers tax deduction benefits up to 1.5 lakhs under Section 80C of the Income Tax Act.

  • The minimum deposit amount is Rs. 1,000.

  • Interest payment mode can be either quarterly, monthly, or at the time of maturity.

  • AU Bank FD scheme’s application process can be held hassle-free online.

  • An overdraft facility is available under the scheme.

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

*All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C Apply

“Tax benefit is subject to changes in tax laws. Standard T&C apply.”

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