How to Open AU Small Finance Bank Fixed Deposit Account

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Updated 05 Sep 2023

Fixed deposits have long been a popular choice among Indian investors due to their security and decent returns. With its diverse range of FD schemes and customer-centric approach, AU Small Finance Bank has made it simple for its account holders and new customers to invest in fixed deposits.

This article provides a detailed guide on opening an FD account in AU Small Finance Bank, along with the eligibility criteria, required documents, and frequently asked questions.

How to open an FD account in AU Small Finance Bank

Online Method (Via APP and Net Banking)

For non-AU Small Finance Bank customers with no current or saving account:

Step 1: Select the FD option on the AU 0101 App.
Step 2: Enter PAN Aadhar details and proceed for E-KYC.
Step 3: Confirm income and personal details and submit the FATCA declaration.
Step 4: Choose your Fixed Deposit Type; enter the Amount, Tenure, Bank Account Details & Branch.
Step 5: Confirm and proceed to fund your account.
Step 6: Select ‘Complete your KYC over Video Call now’ or ‘Schedule a Video Call’ later.
Step 7: Confirm your details with our Video Banking Officer. Then display your PAN card on the camera and sign on a blank piece of paper & display your signature on the camera.
Step 8: Tap on FD and select Open FD.

For AU Small Finance Bank Customer:

Step 1: Log in to AU 0101 App.
Step 2: Select Product, then enter the Deposit Amount. Now select Interest Payout Frequency, then Deposit Period and Debit Account.
Step 3: Click on Next.
Step 4: Set Maturity Instructions and also choose to select a Nominee.
Step 5: Proceed to book your FD.

Offline Method

Step 1: Visit the bank branch.
Step 2: Take the FD application form.
Step 3: Fill in the required details and submit the necessary documents.
Step 4: Submit the form to the branch.

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Eligibility Criteria to Open a Fixed Deposit with AU Small Finance Bank

Resident Indians
Persons of Indian origin
Overseas citizens & non-resident Indians
Any individual who is 18 years and above
Minors
NRIs
HUF members
Partnership firms
Sole proprietorship firms
Limited companies
Trust accounts

Documents Required to Open an AU Small Finance Bank Fixed Deposit

FD application form

Identity proofs

PAN card
Aadhar card
Driving licence
Passport

Address proof

Voter ID
Electricity bill
Telephone bill
Aadhar card
PAN card
Passport size photo

FAQs

Can investors get a loan against AU Small Finance Bank FD?

Yes, the investor can get a loan in the form of an overdraft facility on an FD.

Is the ₹5 lakhs DICGC insurance cover applicable on AU Small Finance Bank FD?

Yes. ₹5 lakhs Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance cover applies to AU Small Finance Bank FD.

Can investors increase the amount of FD once made?

Once an AU Small Finance Bank FD has been initiated, investors cannot deposit any additional amount into that particular FD. However, they can open a fresh FD with the additional amount if they wish to invest more.

Can investors check the amount of FD in AU Small Finance Bank?

You can check your AU Small Finance Bank FD balance online by logging into the Internet banking portal. For an offline check, update your passbook by visiting the nearest branch of AU Small Finance Bank.

Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.