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 range from 3.00% p.a. to 5.60% p.a. The highest Andhra Bank FD rate is 5.60% 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 Rate of Interest (p.a.)
7 to 45 Days 3.00%
46-90 Days 3.50%
91 to 120 Days 3.75%
121 to 180 Days 4.30%
181 Days to less than 1 Year 4.40%
1 Year 5.00%
More than 1 Year to less than 2 Years 5.20%
More than 2 years to less than 3 years 5.40 %
More than 3 years to less than 5 years 5.50 %
5 years to 10 years 5.60%

*The Andhra Bank Fixed Deposit rates are subject to change as per the discretion of the bank. The mentioned rates are effective as of 9 November 2021

Andhra Bank offers attractive interest rates on FDs below Rs.2 crore. The FD rates range within 3.00% p.a. to 5.60% p.a.

The highest Andhra Bank Fixed Deposit Rates are mentioned below:

  • Short-term Fixed Deposit interest rate: 4.30% p.a. to 4.40% p.a. for a tenure between 6 months to 1 year.
  • Medium-term FD: 5.00% p.a. to 5.40% p.a. for a maturity period within 1 year and 3 years.
  • Long-term Fixed Deposit rate: 5.50% p.a. to 5.60% p.a. for a tenure from above 3 years to 10 years.

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 5.50%

*The Andhra Bank Fixed Deposit rates are subject to change as per the discretion of the bank. The mentioned rates are effective as of 9 November 2021

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: 5.60% p.a.
  • Highest FCNR (B) Fixed Deposit rates:
    • Australian Dollar (AUD): 0.96% p.a.
    • US Dollar (USD): 1.40% p.a.
    • Euro (EUR): 0.08% p.a.
    • Pound Sterling (GBP): 1.11% p.a.
    • Japanese Yen (JPY): 0.01% p.a.
    • Canadian Dollar (CAD): 1.56% p.a.

Andhra Bank NRE FD Rates:

Tenure Rate of Interest (p.a.)
1 Year 5.00%
Above 1 year up to 2 years 5.20%
Above 2 years up to 3 years 5.40%
Above 3 years up to 5 years 5.50%
Above 5 years up to 10 years 5.60%

*The Andhra Bank FD rates are subject to change as per the discretion of the bank. The mentioned rates are effective as of 9 November 2021.

*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 0.85 0.84 1.12 1.29 1.40
USD >= 300,000 0.85 0.94 1.22 1.39 1.50
GBP 0.60 0.79 0.93 1.04 1.11
EUR 0.01 0.01 0.01 0.02 0.08
AUD 0.19 0.35 0.58 0.77 0.96
JPY 0.01 0.07 0.10 0.08 0.09
CAD 0.58 0.89 1.14 1.36 1.56

*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 November 2021.

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

Features & Benefits of Andhra Bank Fixed Deposits

The features and benefits of Andhra Bank's FD are:

  • Tenure ranging from 6 months to 10 years
  • Minimum deposit of Rs.1,000
  • No limit on the maximum deposit
  • Interest paid out on a quarterly or half-yearly basis
  • Premature closure is allowed with penalty as applicable

Eligibility Criteria

The eligibility criteria for opening an FD with Andhra Bank is as follows:

  • Resident individuals
  • Non-Resident Individuals
  • Minors
  • Associations
  • Clubs
  • Trusts
  • Societies
  • Blind individuals
  • Illiterate individuals
  • Purdanasheen ladies

Types of Andhra Bank Fixed Deposit Schemes

The different types of Andhra Bank fixed deposit schemes are as given below:

Andhra Bank Loan Against FD

Loan against FD is available for Andhra Bank FDs.

Nomination Facility on Andhra Bank FD

Nomination facility is available for Andhra Bank FDs as per the bank's guidelines.

FAQs on Andhra Bank Fixed Deposit Rates

  1. What is the highest fixed deposit interest rate for Andhra Bank?

    The highest fixed deposit interest rate for Andhra Bank is 5.60% p.a. for a tenure ranging from 5 years to 10 years.

  2. What are the current Andhra Bank FD interest rates 2021?

    The current Andhra Bank FD interest rates range from 3.00% p.a. to 5.60% p.a.

  3. In how many years FD will double in Andhra Bank?

    To find out how long it will take to double your FD, divide the number 72 by the annual rate of interest of your FD contract. This number will be the number of years it takes to double your FD amount.

  4. Is partial withdrawal allowed?

    Yes, partial or premature withdrawal is allowed.

  5. Is the nomination facility available for all deposit schemes?

    Yes, nomination facility is available for all deposit schemes of Andhra Bank.

  6. Do I receive a deposit certificate when I subscribe for a term deposit scheme?

    Yes, you will receive a deposit certificate from Andhra Bank when you open a fixed deposit with the bank.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.