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    Andhra Bank Fixed Deposit Rates

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    4.5% - 7.75% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7% - 7.25% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know

    Andhra Bank Fixed Deposit Rates is Rated as "Great!" by 17 Users

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    How to find the best rates for Andhra Bank Fixed Deposit

    Andhra Bank is a public-sector bank providing retail investment solutions through its fixed deposit schemes which feature competitive interest rates for varying tenors.

    FD rates are prone to change depending on a banks liquidity needs and changes in general market conditions. It can be hard to track such changes over a period of time and ascertain their effect on returns, especially in the case of multiple holdings.

    The above table captures all changes made by Andhra Bank to interest rates on its fixed deposits. Maturities reflected are calculated based on the latest rates thereby enabling real-time comparison of all schemes.

    Andhra Bank Short-Term FD Rates

    The shortest-term holding is 30 days for which returns are pegged at 6.5%. For holdings between 60 and 90 days, it is enhanced by 0.25% to 6.75% and further enhanced by 1.05% for 91 days to 179 days holding to 7.8%. The best rate is on a 6 months to less than 1 year scheme at 8%.

    Andhra Bank Medium and Long-Term FD Rates

    Schemes with tenors from 1 to 3 years offer the highest interest rates at 8.5%. This is reduced by 0.25% to 8.75% on above 3 years to 10 years.

    Andhra Bank Senior Citizen FD Rates

    Senior citizens are given 0.5% extra on existing interest rates across all the schemes putting returns in the range of 7% to 9%.

    Rates on Andhra Banks fixed deposits are highest on short to medium-term holdings vis-a-vis its peers making them attractive investment products for those looking to earn high returns while maintaining liquidity.

    Rates indicated above are on an annual basis, compounded quarterly.

    News About Andhra Bank Fixed Deposit Rates

    • Andhra Bank Fixed Deposit Rates

      In the last quarter of 2015, the Reserve Bank of India introduced changes in the repo rates, thereby reducing base rates of banks and other financial institutions in the country. Andhra Bank has also revised its interest rates on term deposits with effect from April 12, 2016. The changed rates offered on domestic term deposits below Rs 1 crore are applicable for various tenures.

      Deposits having maturity period of 7 to 14 days and 15 to 45 days offer 5% per annum and 6% per annum respectively. An interest rate of 6.50% per annum is offered on deposit with term 46 to 90 days. Tenures of deposits ranging from 91 days to 179 days get a nominal increase of 0.25% and thus offer an interest rate of 6.75% per annum. Fixed deposits with terms 6 months to less than 9 months and above 5 years to 10 years offer 7.25% per annum rate. The highest interest rate of 7.50% per annum can be availed on tenures 9 months to less than 1 year; 1 year to 2 years; above 2 years to 3 years; and above 3 years to 5 years.

      26th April 2016

    • Fixed Deposit Rates of Andhra Bank

      A popular public sector bank, Andhra Bank offers fixed deposits, as a part of its retail investment solution, with competitive rates of interest. Post the repo rate cuts announced by the Reserve Bank of India (RBI) and liquidity needs, Andhra Bank has revised interest rates for its term deposits.

      The interest rate on domestic term deposits have undergone revision. For deposits less than Rs 1 crore and Rs 1 crore to Rs 10 crore with 400 days term period, 7.75% per annum interest is charged. Deposits above Rs 10 crore to Rs 50 crore and Rs 50 crore up to Rs 100 crore for a tenure of 400 days have interest rates of 7.80% and 7.90% per annum. Term deposits above Rs 100 crore with 400 days tenure are computed with 7.75% per annum. These new rates have come into effect from February 29, 2016.

      4th April 2016

    • Andhra Bank Fixed Deposit Rates

      As per the directive released by the Reserve Bank of India, Andhra Bank has revised its interest rates for the domestic term deposits. The revised rates have come into effect from February 29, 2016.

      For domestic term deposits with tenures 7 to 14 days and 15 to 45 days, the rates of interest are 6.25%. An interest rate of 6.75% is applicable to term deposits of tenure 46 days to 90 days. For durations 91 to 179 days, 6 months to less than 9 months, and 9 months to less than 1 year the revised rates are 7%, 7.50%, and 7.75% respectively. The rate of interest for the domestic fixed deposit with a tenure of 400 days has also undergone revision. The current rate offered is 7.90%.

      9th March 2016

    • Rate Changes for Fixed Deposits at Andhra Bank

      The nationalised Andhra Bank has lopped off a few fractional figures from its interest rates both on deposits as well as loans following the directive of the Reserve Bank of India post the repo rate reduction. While loans have become more lucrative and savings accounts have stayed more or less consistent on the interest rates scenario, fixed deposits have faced consecutive cuts throughout the last quarter. The rates offered on fixed deposits from Andhra Bank are now the mediocre level compared with most operational banks.

      As of November 2015, the lowest interest rate available in fixed deposits with Andhra Bank is 6.5% per annum. This interest rate is applicable for deposit tenures of 7 days to 14 days and 15 days to 45 days. From 46 days to 90 days, deposits can enjoy a nominal increase of 0.25% through an interest rate of 6.75% per annum. Deposits that are made for periods longer than 91 days to less than a year have 2 interest rates of 7.8% and 8% per annum. The highest rate of interest is 8.5% per annum offered on tenures of 1 year to 3 years. Deposits for tenures more than 3 years have an interest rate of 8.25% per annum.

      4th November, 2015

    • Andhra Bank issue new interest rates for FCNR deposits

      Andhra Bank has issue new interest rates for its FCNR deposits. The rates have all been hiked as compared to the older ones. For USD currency, deposits between 1 to 2 years were pegged at 1.51 % per annum which has now been increased to 1.59% per annum. Similarly, 2 to 3 years have gone up from 1.90% to 1.97% per annum and those between 3 to 4 years are now charged at 3.31% per annum. USD deposits for 5 years will fetch a rate of 3.77% per annum.

      For FCNR deposits in Euro, deposits for 2 to 3 years have a reduced rate as compared to the previous 1.12%. The current rate is 1.10% per annum. ER deposits for 5 years also have witnessed a decrease in rate of interest from 2.52% to 2.42% per annum.

      Australian dollar deposits too have experienced a lower rate of interest as compared to that offered previously. Now deposits between 1 to 2 years are pegged at 3.08% per annum as compared to 3.13 earlier. Deposits with a tenure between 3 to 4 years will now receive interest of 4.20% as compared to previous 4.35% per annum.

      20th August 2015

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