The bank has decided to charge 1 percent extra on payment of utility bill through credit card (AU Small Finance Bank Credit Card). Earlier, credit card customers of HDFC Bank, Yes Bank and IDFC First Bank also have to pay extra charge on payment of utility bill after a certain limit.

This rule of AU Small Finance Bank will come into effect from August 15, 2024. This means that 1 percent extra charge will have to be paid for paying utility bills after a certain limit using AU Small Finance Bank credit card. Apart from this, extra charge will also have to be paid on fuel spend after a certain limit.

Also Read: Railway Service Closed: Online and offline reservations and 139 service will be closed tonight in Delhi

Yes Bank will charge a surcharge on payment of utility bills of more than Rs 50,000
. AU Small Finance Bank will charge 1% extra on bill payments of more than Rs 50,000 in a statement cycle through credit card. However, no extra charge will be levied on bill payments of less than Rs 50,000 in a statement cycle.

After a certain limit, you will have to pay extra charge on fuel spend as well

In a statement cycle, if the total fuel spend exceeds 50 per cent of your credit limit or Rs 50,000, whichever is lower, then 1 per cent charge will be levied on the total fuel spend beyond this limit.

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The merger was announced on October 30.

AU Small Finance Bank had announced its merger with Fincare Small Finance Bank on October 30, 2023. The bank had said that after getting approval from the shareholders, efforts will be made to get regulatory permission from RBI and Competition Commission of India.

AU Small Finance Bank said that the promoters of Fincare will invest capital of about Rs 700 crore after this merger. Under the deal, shareholders of unlisted Fincare will get 579 shares of listed AU SFB for every 2000 shares they hold.

Approval was received from Competition Commission on 23 January

After the merger of both the banks, Fincare SFB MD and CEO Rajeev Yadav will become the Deputy CEO of AU SFB. Also, Divya Sehgal, Director of the Board of Fincare SFB, will join the board of AU SFB. The merger of these two banks got approval from the Competition Commission of India on January 23 this year. AU SFB had given this information in the exchange filing.

Shares closed with a rise

The asset quality of AU Small Finance Bank had declined during the December quarter. In the third quarter of the current financial year, the total NPA of the bank was 1.98 percent. The bank’s net profit was also below expectations by Rs 375 crore. On Monday, shares of AU Small Finance Bank closed at Rs 579.50 with a rise of 0.26 per cent.

IIFL Finance banned from distributing gold loans

In another decision on Monday, RBI had banned IIFL Finance from distributing gold loans. The central bank has taken this action due to material supervisory concerns. However, the company will continue to service its existing gold loan portfolio.

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If you also want to keep money in FD, then it would be better to turn to small finance banks. For some time now, all banks have increased the interest rates on FD. Despite this, the interest rates in State Bank of India, Punjab National Bank and other big banks are low. Interest rates are much better in small finance banks. Let us know how much return is being received in which bank.

Keeping money in Fixed Deposit (FD) is considered very safe. Now, there is a government guarantee on the amount kept in banks up to Rs 5 lakh. Guarantee means that if the bank collapses, you will definitely get Rs 5 lakh. With this guarantee, FD in banks has been made even more effective.

AU small finance bank: If you deposit money in this bank for a period of 18 months, you will get interest at the rate of 8 percent. Since interest is earned on interest, the annual interest rate will be 8.24%.

Equitas Small Finance Bank: You can get 8.20 percent interest on FD for one year. You get 8 percent interest on deposits for 3 years, and up to 7.25 percent interest on keeping money in FD for 5 years.

Fincare Small Finance Bank: You can get interest up to 8.11 percent on making FD in this bank. This interest will be available on keeping the money for 3 years. 8 percent interest is being given for 5 years.

Jana Small Finance Bank: This bank offers 8.50 percent interest rate on keeping money for 1 year. If money is kept for 3 and 5 years, 7.25 percent interest will be given.

Suryoday Small Finance Bank: If you make FD in this bank for 3 years, you will get interest at the rate of 8.60 percent per annum. The interest will be 8.25 percent for 5 years.

Ujjivan Small Finance Bank: In this bank, 8.25 percent annual interest is offered on FD for 1 year. 7.20 percent interest is given for the period of 3 and 5 years.

Unity Small Finance Bank: If you keep money in Unity Small for 3 and 5 years, you will get 8.15 percent interest. If you keep the money only for one year, you will get interest at the rate of 7.85 percent.

Utkarsh Small Finance Bank: If you want to keep money in this bank for 3 years, you can get 8.50 percent annual interest, whereas for 1 year you will get 8 percent interest.

Let us tell you that this interest rate is till 19 February 2024. Banks can make changes in these at any time. Also note one tip that if you have to keep more than Rs 5 lakh in FD, then keep it in different banks. If any bank collapses under any circumstances, you can get back Rs 5 lakh kept in the bank.

The post Higher FD Interest Rate : If you want highest interest on FD then keep money in these banks, neither SBI nor PNB is in the list, so who? first appeared on Rightsofemployees.com.

According to the official website of the bank, these new rates have come into effect from December 12, 2022. The bank is now offering FDs of 7 days to 10 years to its customers. AU Small Finance Bank is offering interest ranging from 3.75% to 7.20% on FDs. A maximum interest of 7.25% is being given to retail investors in the savings account.

AU Small Finance Bank – FD Rates

The bank is offering 3.75% interest on FDs of 7 days to 1 month and 15 days. 4.25% on FDs from 1 month to 3 months, 5% interest is being given on FDs from 3 months 1 day to 6 months. 6 months 1 day to 12 months FD is paying 6.10 percent interest. Paying 7.35% interest on FDs of 12 months to 15 months. 7.20 percent interest is being received on FDs ranging from 15 months to 24 months. The bank is paying 7.75 per cent interest on 24-month FD. Paying 7.20% interest on FDs ranging from 45 months to 120 months. The bank is giving a maximum interest of 8.50 per cent to senior citizens.

AU Small Finance Bank is offering interest ranging from 3.75% to 7.98% on FDs.

AU Small Finance Bank Savings Account Interest Rate

The bank is offering an interest of 3.50% on a savings account of less than Rs 1 lakh. 5.00% interest is being received on savings account from Rs 1 lakh to Rs 10 lakh. 6.00% on savings account from Rs 10 lakh to Rs 25 lakh, 7.00% on savings account from Rs 25 lakh to Rs 1 crore and 7.25% interest on savings account balance from Rs 1 crore to Rs 10 crore Staying The interest on the savings account is determined on a daily basis.

This is the interest on savings account

1 to 99,999 – 3.50%

1 Lakh to 9,99,999 – 5.00%

10 Lakh to 24,99,999 – 6.00%

25 Lakh to 1 Crore – 7.00%

1 Crore to 2 Crore – 7.25%

2 Crore to 5 Crore – 7.25%

The post Best FD Interest Rate: This bank is giving 8.50% interest on FD and 7.50% interest on savings account, check details first appeared on Rightsofemployees.com.

If you are going to start your financial journey, then it is very important for you to have a savings account. Not only does your money remain safe in the savings account, but you also get low returns in it. Savings account interest is generally calculated daily based on the balance on the day the account closes and is paid quarterly.

In case of any emergency, you can withdraw money from the savings account. For those who want to open interest bearing deposit account, here we are telling which banks are providing interest rate up to 7.50%.

Ujjivan
Small Finance Bank Ujjivan Small Finance Bank is the only bank to pay the highest interest rate of 7.50% on deposits above ₹25 crore.

DCB Bank
DCB Bank is offering an interest rate of 7.00% on balances between Rs 25 lakh to Rs 2 crore. These interest rates are effective from August 22, 2022.

Equitas Small Finance Bank
Equitas Small Finance Bank’s savings account interest rates became effective from November 9, 2022. The bank is paying an interest rate of 7.00% on savings bank deposits above Rs.5 lakh and up to Rs.5 crore.

AU Small Finance Bank
Interest rates applicable to AU Small Finance Bank savings bank deposits are effective from October 10, 2022. The bank is offering an interest rate of 7% on balances ranging from Rs 25 lakh to less than Rs 1 crore.

Fincare Small Finance Bank
Interest rates applicable on savings bank deposits of Fincare Small Finance Bank are effective from July 1, 2021. The bank is offering an interest rate of 7% on savings account balances below Rs 5 lakh and Rs 1 crore.

Utkarsh Small Finance Bank
Interest rates applicable on savings bank deposits of Utkarsh Small Finance Bank are effective from June 01, 2022. On balance above ₹25 lakh in savings account, the bank is offering an interest rate of 7.00% p.a.

Unity Small Finance Bank
Interest rates applicable from January 22, 2022 are applicable on savings bank accounts in Unity Small Finance Bank. The bank is offering 7% interest on savings account balances of Rs 1 lakh to Rs 10 crore and above.

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