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    AB Money Time

    The Andhra Bank represents a chain of unity and solidity and has been providing banking services since before the time of independence. Originally registered in 1923, this bank with plenty of experience has gained a level of expertise through the years and offers comprehensive banking solutions to the customer through extensive delivery channels and a customer centric approach. The bank prides itself in the superior customer satisfaction it delivers time and again and is even reflected in the symbol of the bank which is the symbol of infinity denoting the lengths it would take to uplift a customer’s way of life through superior banking products. One such product is the Andhra Bank Money Time which is a monthly income deposit scheme aimed to form a corpus that provides the customer with regular income

    Features of AB Money Time deposit

    1. The interest paid on the deposits will take place at the end when the deposit reaches maturity
    2. The minimum deposit amount for the Money Time Deposit is Rs 25,000 and there is no cap on the maximum amount of deposit. However further deposits can be done only in multiples of Rs 1000
    3. The Money Time deposit has a range of tenure options with the minimum tenure option being 15 months and the maximum tenure option being 120 months
    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

    *Interest rates are linked to the bank’s base rate and are subject to change as per the bank’s discretion. Rates are as of December 2015.

    The interest rates offered here are for normal citizens while the senior citizens have an additional interest of 0.50% added to it. Even retired staff of Andhra Bank are entitled to additional interest rates.

    Andhra Bank Money Time FAQ’s

    1. What are the available tenure options under this plan?

      The plan offers a minimum tenure of 1 year, 3 months or 15 months at a minimum deposit of Rs 25,000. The maximum tenure under this plan is 10 years or 120 months

    2. When will the interest on the deposit be paid out?

      The Money Time Deposit by Andhra Bank offers interest on the last 3 months of the deposit and will not be paid for the first three months

    Useful Information on Andhra Bank Fixed Deposit

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