A public sector institution, Andhra Bank if offering its customers with retail investment solutions via the fixed deposit schemes. The scheme includes interest rates provided by different tenors. In accordance to banks market condition and liquidity needs, the FD rates may differ, but at loanbaba.com you can track all recent rates. If you are planning to invest on a profitable product, it will be hard to track the changes occurred in the FD rates.
|Tenure||Regular FD Rates||Senior Citizen FD Rates|
|7 days to 14 days||4||4.5|
|15 days to 45 days||4.5||5|
|46 days to 90 days||5||5.5|
|91 days to 179 days||6||6.5|
|6 months to < 9 months||6.25||6.75|
|9 months to < 1 year||6.25||6.75|
|1 year to 2 years||6.85||7.35|
|Above 2 years to 3 years||6.5||7|
|Above 3 years to 5 years||6.5||7|
|Above 5 years to 10 years||6.5||7|
Andhra Bank's Short-Term FD Rates for deposit and holding tenure of one month starts with 6.5%. However, when you opt for the tenure of two months and three month term deposit, the returns are pegged at 6.75%. If your tenure is between three to six months, the returns are pegged at 7.8%. On the other hand, one can avail best fixed deposit rates of 8% for the tenors between 180 days to 365 days.
One can avail the highest returns on FD, India of 8.75% for their tenure of one to three years, and for the tenures of three to ten years, the returns are decreased to 8.5%.
From the Andhra Bank FD rates, as mentioned earlier, the senior citizens are benefitted with an extra 0.5%, and their returns come in the range between 7% and 9%.
Kindly Note: The FD rates are compounded quarterly is on a per-year basis.