Andhra Bank FDR Interest Rates

 

Andhra Bank Fixed Deposit Rates 2024

Fixed Deposit are a lucrative investment scheme. It helps one earn high returns along with an interest income. Andhra Bank merged with the Union Bank of India.  The interest rates for Andhra Bank FDs range from 3.00% p.a. to 7.00% p.a. The highest Andhra Bank FD rate is 7.00% p.a. for a tenure ranging from 5 years to 10 years.

Andhra Bank Domestic Term Deposits Less than Rs.2 Crore

The following table contains the rates* for deposits less than Rs.2 crore:

Tenure	General Public FD interest rate (per annum)
7 days to 14 days	3.00%
15 days to 30 days	3.00%
31 days to 45 days	3.00%
46 days to 90 days	4.05%
91 days to 120 days	4.30%
121 days to 180 days	4.40%
181 days to less than 1 year	5.25%
1 year	6.30%
>1 year to 398 Days	6.30%
399 Days	7.00%
400 Days to 2 year	6.30%
> 2 year to less than 3 years	6.30%
3 years	6.50%
> 3 Year to 5 years	6.70%
>5 Years to 10 Years	6.70%

Note: The interest rate mentioned in the table is effective from 23 May 2023.

Andhra Bank Tax Saving FD Rates

The interest rate for Andhra Bank Tax Saving FD is as given below:

Tenure	Rate of Interest (p.a.)
5 years	6.70%

*The Andhra Bank Fixed Deposit rates are subject to change as per the discretion of the bank. The mentioned rates are effective as of 23 May 2023.

Andhra Bank NRI Fixed Deposit Rates

Non to Resident Indians (NRIs) can pick from a range of Term Deposit or Fixed Deposit (FD) schemes. The schemes include Non to Resident Ordinary (NRO), Foreign Currency Non to Resident (Bank) (FCNR (B)) and Non to Resident External (NRE) Fixed Deposits.

Highest Andhra Bank NRI Fixed Deposit Rates

With effect from 23 May 2023, the NRI fixed deposit rates are as follows:

Andhra Bank NRE FD Rates:

Tenure	Interest Rates (p.a.)
1 year	6.30%
>1 year to 398 Days	6.30%
399 Days	7.00%
400 Days to 2 year	6.30%
> 2 year to less than 3 years	6.30%
3 years	6.50%
> 3 Year to 5 years	6.70%
>5 Years to 10 Years	6.70%

Note: The interest rate mentioned in the table is effective from 23 May 2023.

*Senior Citizen and Staff Rate of interests are not applicable for NRE/NRO Deposits.

Andhra Bank FCNR (B) Deposit Interest Rates

The FD rates* for Andhra Bank Foreign Currency Non-Resident (Bank) deposits against specific foreign currency**:

Tenure	CAD	JPY	USD	GBP	EUR
1 year to less than 2 years	3.61	NA	4.50	3.96	2.05
2 years to less than 3 years	3.61	NA	4.30	3.50	2.05
3 years to less than 4 years	3.31	NA	4.05	3.25	1.55
4 years to less than 5 years	3.26	NA	3.80	3.00	1.55
5 years	3.26	NA	3.80	3.00	1.55

*The Andhra Bank FCNR (B) Fixed Deposit interest rates tend to change at the discretion of the bank. 

**US- US Dollar, GBP- Pound Sterling, EUR- Euro, AUD- Australian Dollar