Andhra Bank has revised downwards its term deposit interest rates by up to 0.25%, or 25 basis points with effect from Monday, October 09, 2017. The new rates of interest shall be applicable to all fresh fixed deposits and renewals of maturing term deposits.
Andhra Bank – Current Term Deposit Interest Rates
New Delhi (Delhi, India), February 22, 2018
Andhra Bank Revises Downwards Its Term Deposit Interest Rates by up to 0.25% (25 Basis Points)
The Andhra Bank has decreased its term deposit interest rates for Domestic, NRE, and NRO Term Deposits by up to 0.25 percent, or 25 basis points with effect from Monday, October 09, 2017.
The decision to decrease the fixed deposit interest rates was taken by the Asset and Liability Committee (ALCO) of Andhra Bank.
The Andhra Bank’s new rates of interest shall be applicable to all fresh fixed deposits and on renewals of maturing term deposits.
Andhra Bank’s Current Fixed Deposit Interest Rates for Amount Less Than Rs. 1 Crore
Last Revised On: October 09, 2017
1. For Resident Indians: Retail Domestic Term Deposits Interest Rates
7 Days to 14 Days FD Interest Rate: 4.00% Per Annum
15 Days to 45 Days FD Interest Rate: 4.50% Per Annum
46 Days to 90 Days FD Interest Rate: 5.25% Per Annum
91 Days to 179 Days FD Interest Rate: 6.00% Per Annum
6 Months to less than 1 Year FD Interest Rate: 6.25% Per Annum
1 Year to 2 Years FD Interest Rate: 6.50% Per Annum
Above 2 Years to 10 Years FD Interest Rate: 6.25% Per Annum
2. For Resident Indian Senior Citizens: Retail Domestic Term Deposits Interest Rates
7 Days to 14 Days FD Interest Rate: 4.50% Per Annum
15 Days to 45 Days FD Interest Rate: 5.00% Per Annum
46 Days to 90 Days FD Interest Rate: 5.75% Per Annum
91 Days to 179 Days FD Interest Rate: 6.50% Per Annum
6 Months to less than 1 Year FD Interest Rate: 6.75% Per Annum
1 Year to 2 Years FD Interest Rate: 7.00% Per Annum
Above 2 Years to 10 Years FD Interest Rate: 6.75% Per Annum
3. For Non-Resident External (NRE): Term Deposits Interest Rates
1 Year to 2 Years FD Interest Rate: 6.50% Per Annum
Above 2 Years to 10 Years FD Interest Rate: 6.25% Per Annum
4. For Non-Resident Ordinary (NRO): Term Deposits Interest Rates
7 Days to 14 Days FD Interest Rate: 4.00% Per Annum
15 Days to 45 Days FD Interest Rate: 4.50% Per Annum
46 Days to 90 Days FD Interest Rate: 5.25% Per Annum
91 Days to 179 Days FD Interest Rate: 6.00% Per Annum
6 Months to less than 1 Year FD Interest Rate: 6.25% Per Annum
1 Year to 2 Years FD Interest Rate: 6.50% Per Annum
Above 2 Years to 10 Years FD Interest Rate: 6.25% Per Annum
Definition of a Senior Citizen: A senior citizen is defined as a person above the age of 60 years. The interest rates for the Senior Citizens are applicable only to the Resident Indians on Domestic Fixed Deposits. In case of the Joint Account Holders, where one of the account holder is a Senior Citizen, the Senior Citizen Term Deposit Interest Rate will only be applicable if the Senior Citizen is the ‘First Holder’ on the said term deposit.
Bulk Term Deposits: Please contact to the nearest Andhra Bank branch for interest rates on domestic bulk term deposits of Rs. 1 crores and above.
Non-Resident External (NRE) Term Deposits: The minimum tenure for Non-Resident External (NRE) term deposits is 1 year and no interest is payable for deposits prematurely withdrawn within the period of 1 year from the date of deposit.
Andhra Bank Bulk Term Deposits: For terms and conditions or any other details about Andhra Bank Fixed Deposit Interest Rates, please contact your nearest Andhra Bank branch.
Andhra Bank – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of Andhra Bank