Following the Reserve Bank of India’s (RBI) reduction of the repo rate, several banks have lowered their Fixed Deposit (FD) interest rates.
AU Small Finance Bank has also revised its FD rates for deposits under Rs 3 crore, effective from March 10, 2025.
According to the bank’s official website, the maximum interest rate for general citizens is now 8%, while for senior citizens, it is 8.50%. The previous revision was made on January 20, 2025.
Specifically, the interest rate for 18-month FDs has been reduced: for general citizens from 8.10% to 8% and for senior citizens from 8.60% to 8.50%.
New Interest Rates for AU Green Fixed Deposit
Effective from March 10, 2025, AU Small Finance Bank has introduced new interest rates for its Planet First – AU Green Fixed Deposit for general citizens:
7 days to 1 month 15 days – 3.75%
1 month 16 days to 3 months – 5.50%
3 months 1 day to 6 months – 6.00% (Annualised rate: 6.14%)
6 months 1 day to 12 months – 7.25% (Annualised rate: 7.45%)
12 months 1 day to 15 months – 7.85% (Annualised rate: 8.08%)
15 months 1 day to less than 18 months – 7.50% (Annualised rate: 7.71%)
18 months – 8.00% (Annualised rate: 8.24%)
18 months 1 day to 24 months – 7.75% (Annualised rate: 7.98%)
24 months 1 day to 36 months – 7.50% (Annualised rate: 7.71%)
36 months 1 day to 45 months – 7.50% (Annualised rate: 7.71%)
45 months 1 day to less than 60 months – 7.25% (Annualised rate: 7.45%)
60 months to 120 months – 7.25% (Annualised rate: 7.45%)
New Interest Rates for Senior Citizens
For senior citizens, the revised rates for AU Green Fixed Deposit (for investments under Rs 3 crore) from March 10, 2025, are as follows:
7 days to 1 month 15 days – 4.25%
1 month 16 days to 3 months – 6.00%
3 months 1 day to 6 months – 6.50% (Annualised rate: 6.66%)
6 months 1 day to 12 months – 7.75% (Annualised rate: 7.98%)
12 months 1 day to 15 months – 8.35% (Annualised rate: 8.62%)
15 months 1 day to less than 18 months – 8.00% (Annualised rate: 8.24%)
18 months – 8.50% (Annualised rate: 8.77%)
18 months 1 day to 24 months – 8.25% (Annualised rate: 8.51%)
24 months 1 day to 36 months – 8.00% (Annualised rate: 8.24%)
36 months 1 day to 45 months – 8.00% (Annualised rate: 8.24%)
45 months 1 day to less than 60 months – 7.75% (Annualised rate: 7.98%)
60 months to 120 months – 7.75% (Annualised rate: 7.98%)
Upcoming Government Announcement
According to reports, the government is expected to announce a 2% increase in the Dearness Allowance (DA) under the 7th Pay Commission on March 12, 2025.
