Andhra Bank

Interest Rates Deposits

Interest Rates on Savings Bank Accounts :

4.00% per annum on Domestic Savings Deposits, Ordinary Non-Resident (ONR) Savings deposits and Savings Deposits under Non- Resident (External) (NRE SB) Accounts w.e.f., 03.05.2011

Interest Rates on Domestic Term Deposits w.e.f., 13.05.2013

Rates of Interest on Domestic Term Deposits have been revised with effect from 13.05.2013. With this revision, the interest rates offered on domestic term deposits for various periods are as under

Sr.No.	Maturity Period	Rates of interest (%) per annum
Sr.No.	Maturity Period	Less than Rs.15.00 Lacs	Rs.15.00 Lacs to < Rs.1.00 crore	Rs.1.00 Crore to Rs.10.00 Crore	*Above Rs.10 Crore to Rs.50 Crore ^**	*Above Rs.50 Crore to Rs.100 Crore ^**	*Above Rs.100 Crore ^**
1	7 days to 14 days #	4.00	4.00	4.00	6.50	6.50	6.50
2	15 days to 45 days	4.50	4.50	4.50	6.50	6.50	6.50
3	46 days to 90 days	6.00	6.00	6.00	7.00	7.00	7.00
4	91 days to 179 days	7.25	7.25	7.25	8.50	8.50	8.50
5	6 months to < 9 months	8.50	8.50	8.50	8.75	8.75	8.75
6	9 months to < 1 year	8.50	8.50	8.75	8.75 (9.00)	8.75 (9.00)	8.75 (9.00)
7	1 year to 2 years	9.00	9.00	8.75 (9.00)	8.75 (9.00)	8.75 (9.00)	8.75 (9.00)
8	Above 2 years to 3 years	9.00	9.00	8.75	8.50 (8.75)	8.50 (8.75)	8.50 (8.75)
9	Above 3 years to 10 years	9.00	9.00	8.75	8.50 (8.75)	8.50 (8.75)	8.50 (8.75)

Figures in brackets indicates earlier rate of interest.

# For deposits of Rs.1.00 Lac and above.

^ For deposits of above Rs.10 Crore, depositors are requested to contact their respective branches for obtaining necessary permission from Head Office.

* For Deposits of above Rs.10.00 Crore, branches should obtain permission from General Manager, Corporate Planning Department, Head Office before accepting the Deposit.

For Senior Citizens, the rate of interest is 0.50% higher for all maturity periods. Existing / Retired Staff are eligible for additional rate of interest as per rules.

FCNR(B) Deposits : Interest Rates w.e.f., May 01, 2013

The revised interest rates on FCNR [B] Deposits with effect from May 01, 2013 are as under :

Currency	1 Year & above but less than 2 Years		2 Years & above but less than 3 Years		3 Years & above but less than 4 Years		4 Years & above but less than 5 Years		5 years
	New	Existing	New	Existing	New	Existing	New	Existing	New	Existing
USD	2.70	[2.73]	2.36	[2.43]	3.45	[3.53]	3.60	[3.73]	3.82		[3.95]
GBP	2.89	[2.91]	2.59	[2.63]	3.65	[3.69]	3.75	[3.80]	3.90		[3.97]
EUR	2.40	[2.43]	2.39	[2.52]	3.48	[3.62]	3.60	[3.76]	3.75		[3.93]
CAD	3.76	[3.79]	3.29	[3.33]	4.36	[4.43]	4.47	[4.55]	4.59		[4.68]
AUD	5.51	[5.58]	4.78	[5.11]	5.92	[6.25]	6.12	[6.46]	6.26		[6.58]
JPY	2.44	[2.45]	2.27	[2.24]	3.30	[3.23]	3.35	[3.26]	3.40		[3.29]
CHF	2.25	[2.26]	2.11	[2.11]	3.17	[3.19]	3.28	[3.31]	3.39		[3.46]
DKK	2.50	[2.70]	2.56	[2.70]	3.65	[3.80]	3.77	[3.93]	3.92		[4.10]
NZD	4.69	[4.69]	4.81	[4.88]	6.02	[6.07]	6.16	[6.25]	6.30		[6.38]
SEK	3.20	[3.72]	3.25	[3.43]	4.36	[4.56]	4.47	[4.67]	4.58		[4.80]

[Figures in brackets denote previous month interest rates]

The above interest rates on FCNR (B) Deposits are applicable only to the fresh and renewed deposits from MAY 01, 2013.

NRE ACCOUNTS With effect from 01.12.2012

Rates of interest on NRE term deposits have been revised with effect from 01.12.2012 With this revision, the interest rates offered on NRE term deposits for different maturity periods are as under

Period	Rate of Interest (%) p.a.
	Less than Rs.1 Crore	Rs.1 Crore to Rs.10 Crore
1year to 2 Years	9.00	8.75
Above2 Years - up to 3 years	9.00	8.75
Above 3 Years - up to 5 years	8.50	8.50
Above 5 Years- up to 10 years	8.50	8.50

The revised interest rates are applicable to all fresh deposits and renewals of the existing deposits with effect from 01.12.2012

*For Deposits of above Rs. 10.00 Crore branches should obtain permission from General Manager, Corporate Planning Department, Head Office before accepting the Deposit.

· Senior Citizen and Staff Rate of interests are not applicable for NRE/NRO Deposits.