AU Small Finance Bank Introduces Competitive Rates for NRI Deposits and Strengthens Its Offerings

Enhancements in NRI Deposit Rates by AU Small Finance Bank

AU Small Finance Bank (AU SFB) continues to solidify its position as India's leading Small Finance Bank, recently adjusting its interest rates on non-resident Indian (NRI) deposit schemes. With the Reserve Bank of India's endorsement, AU SFB has raised its Foreign Currency Non-Resident (FCNR) deposits from 7.10% to 7.40% per annum for terms spanning 3 to 4 years, while the interest on Non-Resident External (NRE) Fixed Deposits has also been boosted from 7.00% to 7.60% for periods between 36 Months and 45 Months.

These revisions come into effect from the 27th of July, 2026, reflecting AU SFB's commitment to providing attractive and competitive banking solutions tailored for the needs of NRIs. The FCNR deposits, which offer significant advantages against currency fluctuations, play a crucial role in mobilizing savings from the Indian diaspora.

The updated interest rates are designed to cater to NRIs looking for safe avenues to grow their savings while also ensuring protection against the volatility of foreign exchange rates. Furthermore, this move is in alignment with recent RBI policy changes aimed at allowing banks more flexibility in their deposit offerings.

AU SFB's FCNR deposits are available in a range of currencies, notably US Dollars, ensuring full repatriation of both principal and interest. Additionally, these deposits provide tax-efficient benefits for Indian residents, making them a popular choice among NRIs looking to manage their earnings efficiently.

Similarly, NRE Fixed Deposits offered by the bank come with attractive interest rates in the rupee denomination, also ensuring full repatriability and tax-free interest in India, subject to existing regulations. This makes both deposit options particularly appealing for the NRI community seeking safe, profitable investment alternatives.

To further enhance its NRI targets, AU SFB has eliminated foreign exchange margins and banking charges for eligible remittances, making international fund transfers more affordable and accessible. The bank encourages potential clients to explore these offerings through a variety of platforms, including its mobile banking app (AU 0101 App), WhatsApp Banking, and round-the-clock video banking services.

With these enhancements to their NRI deposit products, AU Small Finance Bank aims to attract both new and returning clients, emphasizing convenience and competitive returns on their investments. For more detailed information on tenure-wise interest rates, individuals can visit the official website AU Small Finance Bank.

About AU Small Finance Bank

AU Small Finance Bank has a substantial presence in India, boasting over 2,920 banking touchpoints across 21 states and 4 Union Territories while serving more than 12 million customers. As of mid-2026, the bank's financial performance remains robust, with shareholders' funds amounting to ₹20,885 crore, total deposits reaching ₹1,57,727 crore, and a notable loan portfolio standing at ₹1,44,250 crore. With ongoing efforts to expand its offerings and improve client services, AU SFB is poised to continue its growth trajectory in the competitive banking landscape.