Andhra Bank Fixed Deposit Rates 2021

Fixed Deposit are a lucrative investment scheme. It helps one earn high returns along with an interest income. Andhra Bank offers Fixed Deposits schemes along with other investment opportunities. The interest rates for Andhra Bank FDs are from 3.50% p.a. to 5.45% p.a. The highest Andhra Bank FD rate is 5.45% p.a. for a tenure within 5 years to 10 years.

Andhra Bank FD Rates

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

Tenure Rate of Interest (< 2 Cr)
7 to 45 Days 3.00%
46-90 Days 3.75%
91 to 120 Days 4.25%
121 to 180 Days 4.30%
181 Days to less than 1 Year 4.50%
1 Year 5.25%
More than 1 Year to less than 3 Years 5.25%
More than 3 years to less than 5 years 5.30 %
More than 5 years to less than 10 years 5.40 %

*The Andhra Bank Fixed Deposit rates are subject to change as per the discretion of the bank. The mentioned rates are effective as of 1 September 2020

Andhra Bank offers attractive interest rates on FDs below Rs.2 crore. The FD rates range within 3.00% p.a. to 5.40% p.a.

The highest Andhra Bank Fixed Deposit Rates are mentioned below:

  • Short-term Fixed Deposit interest rate: 4.50% p.a. to 5.25% p.a. for a tenure between 6 months to 1 year.
  • Medium-term FD: 5.25% p.a. for a maturity period within 1 year and 3 years.
  • Long-term Fixed Deposit rate: 5.40% p.a. for a tenure from above 5 years to 10 years.

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 1 October 2020, the NRI fixed deposit rates are as follows:

  • Highest NRE FD rate: 5.40% p.a.
  • Highest FCNR (B) Fixed Deposit rates:
    • Australian Dollar (AUD): 0.33% p.a.
    • US Dollar (USD): 0.84% p.a.
    • Euro (EUR): 0.01% p.a.
    • Pound Sterling (GBP): 0.59% p.a.
    • Japanese Yen (JPY): 0.05% p.a.
    • Canadian Dollar (CAD): 0.86% p.a.

Andhra Bank NRE FD Rates:

Tenure Rate of Interest (< 2 Cr)
1 Year 5.25%
Above 1 year up to 3 years 5.25%
Above 3 years up to 5 Years 5.30%
Above 5 years up to 10 Years 5.40%

*The Andhra Bank FD rates are subject to change as per the discretion of the bank. The mentioned rates are effective as of 1 September 2020.

*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**:

Currency 1 Year and above but less than 2 Years 2 Years and above but less than 3 Years 3 Years and above but less than 4 Years 4 Years and above but less than 5 Years 5 years
USD <300,000 0.93 0.78 0.86 0.82 0.84
USD >=300,000 0.93 0.88 0.96 0.92 0.94
GBP 0.49 0.49 0.52 0.56 0.59
EUR 0.01 0.01 0.01 0.01 0.01
AUD 0.16 0.19 0.23 0.27 0.33
JPY 0.01 0.04 0.04 0.04 0.05
CAD 0.73 0.60 0.66 0.74 0.86

*The Andhra Bank FCNR (B) Fixed Deposit interest rates tend to change at the discretion of the bank. The rates given here are applicable as of 1 October 2020.

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

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