• Andhra Bank Kalpataruvu Deposits

    With an extensive experience dating back to 1923, this pre independence era bank has a total workforce of over 20,000 employees and provides comprehensive banking products to the people of Andhra Pradesh and Odisha.

    Features of Andhra Bank Kalpataruvu Deposits

    Of the many products offered, the Kalpataruvu Deposits offered by Andhra Bank are a popular choice among term deposits and the salient features of this scheme are described below

    The Kalpataruvu deposit is a cumulative term deposit which has a minimum deposit amount set. The amount is set at Rs 100, however there is no limit on the maximum amount that can be deposited. The deposit has a range of tenure options ranging from a minimum tenure of 6 months to a maximum tenure of 10 years

    The interest is compounded on a quarterly basis and is paid out at the time of maturity of the deposit

    Interest Rates on Andhra Bank Kalpataruvu Deposits

    Maturity Period Less than Rs.1.00 crore (%)Rs.1.00 Crore to Rs.10.00 Crore (%)
    7 days to 14 days44
    15 days to 45 days4.54
    46 days to 90 days54.75
    91 days to 179 days65.25
    6 months to < 9 months6.255.5
    9 months to < 1 year6.255.5
    1 year to 2 years75.75
    Above 2 years to 3 years6.55.75
     Above 3 years to 5 years6.55.75
    Above 5 years to 10 years6.55.75

    The above Interest rates take effect from 7th November 2015 and can be changed as per the discretion of the bank. The rate of interest shown above is not for senior citizens. Senior Citizens avail an additional 0.50% interest on the term deposits and retired staff and personnel can also avail additional interest

    Useful Information on Andhra Bank Fixed Deposit

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    AB Kalpataruvu Deposits Reviews

    • andhra Bank Fixed Deposit
      "Better"
      0.5 3.0/5 "Satisfactory"
      I have a fixed deposit with Andhra Bank because the service is good and have been maintaining savings account. The branch is near to my place. It was taken 10 years ago. They are giving 6.5% interest rate. The locking period is 2 years and its a flexible scheme.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Apr 25, 2019
    • andhra Bank
      andhra Bank Fixed Deposit
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      Last year I had fixed deposit with Andhra Bank this January it got matured, the interest was good. The bank staffs are very cooperative on my queries it located in home town. I invested the amount of Rs.50,000 then I got the total amount of Rs. 55,000.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Mar 02, 2019
    • andhra Bank Fixed Deposit
      "Good"
      0.5 4.0/5 "Great!"
      From the Andhra bank, I am holding the fixed deposit account from the last three years of time. I would like to say that the response could be get improvised, also there are no worries on it. Its the typical government bank.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Nov 14, 2017
    • andhra Bank Fixed Deposit
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I hold a Fixed deposit account with Andhra Bank and the banking process is really nice. The bank is very supportive and very beneficial too. I get a good rate of interest on this account and there are no charges related to this account. Overall no issues.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 13, 2017
    • andhra Bank Fixed Deposit
      "Good one"
      0.5 4.0/5 "Great!"
      Good, I can view all the accounts in one page that is why I had chosen this ANDHRA Bank FD. I have online access too. I can view and change the mat instructions online. I change the principle amount too. I do get a the certificate of interest from them proactively on a yearly basis
      Was this review helpful? 3
      , kurnool
      Reviewed on Apr 20, 2017
    • andhra Bank Fixed Deposit
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am having fixed deposit account with the Andhra bank and I have opened it there because its easy to access. Rate of interest is around 9.5% and the customer service is good with them. I can withdraw the amount with them at any time without any charges but interest will less depends up on the number of days. Customer service is good with the Andhra bank.
      Was this review helpful? 5
      , madurai
      Reviewed on Mar 18, 2017
    • andhra Bank Fixed Deposit
      "RECURRING DEPOSIT"
      0.5 5.0/5 "Blown Away!"
      I am customer of Andhra bank and I opened RD in july 2015 due on june 2016. but the system debited my account even after due date.I inquired manager he told me politely that as it is RD Plus the system accepted extra credit. POLAIAH . K .HYDERABAD
      Was this review helpful? 8
      , hyderabad
      Reviewed on Jul 05, 2016
    • andhra Bank Fixed Deposit
      "Average"
      0.5 4.0/5 "Great!"
      Andhra bank is offering 7.75% -8% interest rate for the fixed deposit with the minimum lock in period of five years. The minimum amount to start the plan is nearly Rs.5000. There is no activation charged. We can avail the plan by visiting the bank directly.
      Was this review helpful? 7
      , mumbai
      Reviewed on May 02, 2016
    • andhra Bank Fixed Deposit
      "Very high rate for FD..."
      0.5 4.0/5 "Great!"
      Really the rate of interest is very high. No other banks will provide this kind of rate for the fixed deposit. In the year of 2007 the rate was 9 to 9.25%. Even now the Andhra bank is providing the same rate. Compounding rate it is and they give it once in a year.
      Was this review helpful? 21
      , hyderabad
      Reviewed on Jan 21, 2016
    • andhra Bank Fixed Deposit
      "Fine.."
      0.5 3.5/5 "Pretty good"
      Interest rate offered by them was similar. My fixed account is with Andhar bank. Good thing is, there is no lock in period and no restrictions also. They allow us to withdrawal. I had find one difficulties while closing this account on pre matured level. So, on that I did not get proper guidance from them.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Dec 09, 2015
    • andhra Bank Fixed Deposit
      "Very good"
      0.5 5.0/5 "Blown Away!"
      Andhra Bank is offering 8% of interest rate for the fixed despot plan. The minimum lock in period 6 months which i have also preferred for the same. No extra charges for any activation. We can do the process through online in which after the maturity period will get the amount directly to the account My opinion is that they should give more interest rate for the FD plan.
      Was this review helpful? 9
      , vijayawada
      Reviewed on Oct 03, 2015
    • andhra Bank Fixed Deposit
      "Average"
      0.5 4.0/5 "Great!"
      Andhra bank is offering Fixed deposit with the interest rate of 8-9% with the minimum lock in period of 6 months.No activation charge . Interest will be reduce in case we break the plan before the maturity period. To liquid the cash we have to visit the bank . They have to improve the customer support.
      Was this review helpful? 7
      , ghaziabad
      Reviewed on Sep 19, 2015
    • andhra Bank Fixed Deposit
      "Andhra Bank Fixed Deposit "
      0.5 4.5/5 "Excellent!"
      I am a customer of he Bank since 1970. Bank's service either Private Sector or Public Sector is excellent through out all the branches. When ever I visit branch, am received very well by staff whether known to me or not. A good Bank with a good track record. Am share holder of the Bank also. I
      Was this review helpful? 9
      , hyderabad
      Reviewed on Sep 16, 2015
    • andhra Bank Fixed Deposit
      "Good"
      0.5 4.0/5 "Great!"
      I was holding a Andra Bank FD. Customer service offered by them was good. Interest rate offered by them was good. This FD was taken through my friend and he is a Manager there. I would say Rate of interest offered by them was not that good as it was 9% at that point of time where as other Banks were offering 9.25% . I am holding this FD for
      Was this review helpful? 13
      , hyderabad
      Reviewed on Jun 04, 2015
    • andhra Bank Fixed Deposit
      "FD Andhra Bank"
      0.5 4.0/5 "Great!"
      This is a government undertaking . It provides online FD. The interest will be credited at the end of the month to account if its monthly basis . We cant close FD online . Interest is not maximum comparatively . 8.5% per year currently.Nomination availble .
      Was this review helpful? 14
      , hyderabad
      Reviewed on Apr 02, 2015
    • andhra Bank Fixed Deposit
      "Good"
      0.5 5.0/5 "Blown Away!"
      I did chose Andhra bank for fixed deposit as the branch is nearby to my Wife office. Interest rate is around 6-9%which is half yearly compounding. Response is pretty much faster and the bank people are entirely helpful.
      Was this review helpful? 20
      , new delhi
      Reviewed on Jan 07, 2015
    • andhra Bank Fixed Deposit
      "Satisfactory"
      0.5 2.0/5 "Expected more"
      The fixed deposit which I have with Andhra bank is quite satisfactory. The tenure of the deposit is for around 4 years. I would say that the customer support is not so good. As I went to the bank directly to avail it the services were ok. I opted it from Andhra bank as it is in my native. They informed that there will be preclosure charges will be levied if the deposit is withdrawn before the tenure. The interest they provide is around 9% approximately which is beneficial.
      Was this review helpful? 8
      , chennai
      Reviewed on Dec 15, 2014
    • andhra Bank Fixed Deposit
      "Good"
      0.5 3.0/5 "Satisfactory"
      Fixed deposit services with Andhra bank is not much good. Its a nationalized bank, the response is quite delayed as I have to visit the branch for each and every queries. The on line facilities are quite hectic and it needs to more user friendly. Rate of interest is lesser than other banks.
      Was this review helpful? 9
      , chennai
      Reviewed on Dec 12, 2014
    • andhra Bank Fixed Deposit
      "Average bank"
      0.5 2.0/5 "Expected more"
      This Andra Bank FD account is fairly a new account, and It was my family members who initiated me to open this account. This account is opened on my daughterâ??s name . The total tenure of this loan is 10 years and I am very much happy with the interest rate as well. I am sure that I will get good returns out of this account.
      Was this review helpful? 12
      , hyderabad
      Reviewed on Nov 29, 2014
    • andhra Bank Fixed Deposit
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I am not using this fixed deposit account very long time from andhra bank . Service was quite good. Quite equal compared with other nationalized banks. Almost all the banks providing the same service. It would be nice if they improve their services like other banks
      Was this review helpful? 11
      , bangalore
      Reviewed on Oct 14, 2014
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