Andhra Bank
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Toll Free Number: 1800 425 1515

Anytimers

 
Service Charges & Fees
 
 bulate Deposit Account
Nature
Rate of interest(%)
Minimum Balance
(In Rupees)
 
Normal
Senior Citizen
Rural
Semi Urban
Urban
Account
1 Savings Bank Account
A Domestic
a With cheque book facility
4.00
4.00
250
250
500
b Without cheque book facility
4.00
4.00
100
250
250
c No Frills Account
4.00
4.00
5
5
5
B Non Resident
a NRO
4.00
4.00
250
250
500
b NRE
4.00
4.00
250
250
500
 
 bulateInterest Rates on Domestic Term Deposits w.e.f., 07.11.2015

Rates of Interest on Domestic Term Deposits have been revised with effect from 07.11.2015. 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
Less than 
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 # 6.00   6.25   6.25   6.25   6.25  
2 15 days to 45 days 6.00   6.25   6.25   6.25   6.25  
3 46 days to 90 days 6.50   6.50   6.50   6.25   6.25  
4 91 days to 179 days 6.75   7.00   7.00   7.00   7.00  
5 6 months to < 9 months 7.00   7.00   7.00   7.00   7.00  
6 9 months to < 1 year 7.25 7.25 7.00 7.00 7.00
7 1 year to 2 years 7.75 7.25 7.10 7.10 7.10
8 Above 2 years to 3 years 7.75   7.25   7.10   7.10   7.10  
9 Above 3 years to 10 years 7.75   7.25   7.10   7.10   7.10  

# For deposits up to and inclusive of Rs.1.00 Lac and above.
* For Deposits of above Rs.10.00 Crore, branches should obtain permission from General Manager, Corporate Planning Department, Head Office before quoting and 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.
 
 NRE ACCOUNTS With effect from 01.10.2015
Rates of interest on NRE term deposits have been revised with effect from 01.10.2015 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
1 year to 2 Years 7.75 7.25
Above 2 Years - up to 3 years 7.75 7.25
Above 3 Years- up to 10 years 7.75 7.25
The revised interest rates are applicable to all fresh deposits and renewals of the existing deposits with effect from 01.10.2015.
*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.
 
 FCNR(B) Deposits : Interest Rates w.e.f., February 01, 2016

The revised interest rates on FCNR [B] Deposits with effect from February 01, 2016 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

1.70

[1.88]

1.86

[2.16]

3.00

[3.43]

3.15

[3.62]

3.29

[3.75]

GBP

1.58

[1.73]

1.80

[2.10]

2.93

[3.31]

3.06

[3.47]

3.18

[3.59]

EUR

0.86

[0.95]

0.84

[0.99]

1.89

[2.86]

1.98

[2.19]

2.09

[2.33]

AUD

3.14

[3.25]

3.03

[3.22]

4.06

[4.27]

4.27

[4.50]

4.36

[4.62]

[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  February 01, 2016.
Base Rate @ 9.75% p.a. Andhra Bank's Base Rate has been decreased by 25 basis points i.e. from 10.00 % p.a. to 9.75% p.a. w.e.f. 29.09.2015.
Andhra Bank's BMPLR (Bench Mark Prime Lending Rate) has been decreased by 25 basis points from 14.25% to 14.00 % p.a. with effect from 29.09.2015.
BMPLR @ 14.00% p.a.
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