AU Small Finance Bank raises interest rates on term deposits and savings accounts
Amid the trend of rising interest rates caused by rising repo rates, AU Small Finance Bank also joined the trend of raising interest rates. The bank has increased its interest rates on time deposits by up to 60 basis points (bps) effective October 10, 2022, and it currently offers a maximum interest rate of 7.00% on deposit accounts. ‘saving. AU Small Finance Bank currently offers interest rates ranging from 3.75% to 6.95% on term deposits with maturities of 7 days to 10 years for the general public and from 4.25% to 7.45% for old people.