Andhra Bank Fixed Deposit Rates

 

Andhra Bank is a medium-sized public sector bank of India, with a network of 2803 branches, 4 extension counters, 38 satellite offices and 3636 automated teller machines as of 31 Mar 2016

'Andhra Bank' was founded by the eminent freedom fighter and a multifaceted genius, Dr. Bhogaraju Pattabhi Sitaramayya. The Bank was registered on 20th November 1923 and commenced business on 28th November 1923 with a paid up capital of Rs 1.00 lakh and an authorised capital of Rs 10.00 lakhs. Andhra Bank Fixed Deposits: Andhra Bank allows you to open fixed deposit account with a nominal amount of Rs 100, offering safety, credibility and attractive rate of interest. Bank has no maximum ceiling amount. Bank has a set a span period of deposits from 15 days to 10 years. Effective Annualized rate of return on Bank’s Re-investment Deposit Plan (Kamadhenu Deposit) is based on quarterly compounding of interest. Bank Offers 5.50% p.a. For Canara Tax Saver Deposit scheme (General Public). Maximum deposit acceptable is Rs 1.50 Lakh. The above Rate of interest is applicable to Recurring deposits also.

Website : AndhraBank.in

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  • Fixed Deposit Rates.

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Andhra Bank Fixed Deposit Interest Rate“Andhra Bank” was founded by the eminent freedom fighter and a multifaceted genius, Dr. Bhogaraju Pattabhi Sitaramayya. The Bank was registered on 20th November 1923 and commenced business on 28th November 1923 with a paid up capital of Rs 1.00 lakh and an authorised capital of Rs 10.00 lakhs.Our Vision is to become a significant player, providing full range of banking services through innovative customer centric products and to maximize stake holders’ valueOur mission is to work together towards delivering excellent customer service by leveraging on technology and human resources to attain world class performance standards.Interest Rates on Savings Bank Accounts :4.00% per annum on Domestic Savings Deposits, Ordinary Non-Resident (ONR) Savings deposits and Savings Deposits under Non- Resident (External) (NRE SB) Accounts w.e.f., 03.05.2011Interest Rates on Domestic Term Deposits w.e.f., 07.10.2013Rates of Interest on Domestic Term Deposits have been revised with effect from 07.10.2013. With this revision, the interest rates offered on domestic term deposits for various periods are as underSr.
No.
Maturity PeriodRates of interest (%) per annumLess than Rs.15.00 LacsRs.15.00 Lacs to < Rs.1.00 croreRs.1.00 Crore to Rs.10.00 CroreAbove Rs.10 Crore to Rs.50 Crore *Above Rs.50 Crore to Rs.100 Crore *Above Rs.100 Crore *17 days to 14 days #5.00 5.00 5.00 5.00 5.00 5.00 2

Andhra Bank Fixed Deposit Rates 2018

15 days to 45 days5.00 5.00 5.00 5.00 5.00 5.00 346 days to 90 days8.10 8.10 8.10 8.10 8.10 8.10 491 days to 179 days8.25 8.25 8.25 8.25 8.25 8.25 56 months to < 9 months9.10 9.10 9.10 9.10 9.10 9.10 69 months to < 1 year9.10 9.10 9.10 9.10 9.10 9.10 71 year to 443 days9.10 9.10 9.10 9.10 9.10 9.10 8444 days9.409.409.409.409.409.409445 days to 2 years9.10 9.10 9.10 9.10 9.10 9.10 10Above 2 years to 3 years8.75 8.75 8.75 8.50 8.50 8.50 11Above 3 years to less than 7 years 7 months8.75 8.75 8.75 8.50 8.50 8.50 127 years 7 months9.25 9.259.259.259.259.2513Above 7 years 7 months to 10 years8.75 8.75 8.75 8.50 8.50 8.50# For deposits of Rs.1.00 Lac and above.^For deposits of above Rs.10.00 Crore, depositors are requested to contact their respective branches for obtaining necessary permission from Head Office.

$Depositors are requested to note that deposits of above Rs.10.00 Crore will be accepted by branches subject to administrative clearance from Head Office

* For Deposits of above Rs.10.00 Crore, branches should obtain permission from General Manager, Corporate Planning Department, Head Office before accepting the Deposit.

For Senior Citizens, the rate of interest is 0.50% higher for all maturity periods. Existing / Retired Staff are eligible for additional rate of interest as per rules.FCNR(B) Deposits : Interest Rates w.e.f., October 01, 2013The revised interest rates on FCNR [B] Deposits with effect from October 01, 2013 are as under :Currency1 Year & above but less than 2 Years2 Years & above but less than 3 Years3 Years & above but less than 4 Years4 Years & above but less than 5 Years5 yearsNewExistingNewExistingNewExistingNewExistingNewExistingUSD2.63[2.67]2.48[2.57]4.77[4.95]5.16Deposit interest rate[5.38]5.53[5.77]GBP2.87[2.87]2.83[2.84]5.12[5.13]5.44[5.45]5.71[5.73]EUR2.47[2.48]2.57[2.64]4.77[4.87]5.00[5.13]5.24[5.36]CADAndhra Bank Fixed Deposit Rates3.49[3.37]

Andhra Bank Fixed Deposit Rates 2019

3.47[3.56]5.73[5.83]6.01[6.11]6.24[6.34]AUD4.52[4.51]4.79[4.76]7.08[7.07]7.39[7.39]7.61[7.63]JPY2.41[2.41]2.26[2.27]4.29[4.31]4.34[4.36]4.41[4.45]CHF2.24[2.24]2.19[2.23]4.33[4.39]4.52[4.60]4.73[4.82]DKK2.66[2.67]2.82[2.89]5.04[5.11]5.30[5.41]5.54[5.67]NZD4.92[4.93]5.45[5.45]7.87[7.86]8.15[8.15]8.37Fixed deposit rates in usa[8.39]SEKRates3.33[3.40]3.56[3.69]5.82[5.97]6.11[6.21]6.23[6.40][Figures in brackets denote previous month interest rates]

The above interest rates on FCNR (B) Deposits are applicable only to the fresh and renewed deposits from October 01, 2013.

NRE ACCOUNTS With effect from 16.09.2013Rates of interest on NRE term deposits have been revised with effect from 16.09.2013 With this revision, the interest rates offered on NRE term deposits for different maturity periods are as underPeriodRate of Interest (%) p.a.Less than Rs.1 CroreRs.1 Crore to Rs.10 Crore1year to 2 Years9.009.00Above2 Years – up to 3 years9.159.15Above 3 Years – up to 5 years8.508.50Above 5 Years- up to 10 years8.508.50The revised interest rates are applicable to all fresh deposits and renewals of the existing deposits with effect from 16.09.2013

*For Deposits of above Rs. 10.00 Crore branches should obtain permission from General Manager, Corporate Planning Department, Head Office before accepting the Deposit.