Andhra Bank
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Toll Free Number : 1800 425 1515

AB Tax Saver
Andhra Bank has launched a Term Deposit Scheme called "AB Tax Saver", offering Tax benefit to the assessees as per Union Government Notification No.203/2006 dated 28.07.2006.
Salient Features of the Scheme :

An Individual or A Hindu Undivided Family ( Only IT Assessees with PAN)

Deposit amount should not exceed Rs. 1.50 lac in a year       

Lock  in period  is  05 years

The deduction from income under Section 80C of the Act is available

Rate of Interest under ' AB TAX SAVER ' Deposit Scheme is the same as that of Domestic Term Deposit. 

Maturity Period
Amount of Deposit 
Rate of interest
(w.e.f. 16.11.2016)
5 Years
Up to and inclusive Rs.1.50 Lac      
6.50 % per annum

Please contact your nearest Andhra Bank Branch for other details, lock in period, tax benefits available under this scheme etc.,