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Money & Banking - Fixed Deposits
Andhra Bank hikes deposit rates

Our Bureau

Hyderabad, Oct. 12

Andhra Bank has upwardly revised interest rates on domestic term deposits with effect from October 11.

According to a bank press release, for senior citizens, the rate of interest is 0.5 per cent higher for all maturity periods.

Interest rate of 8 per cent per annum under A.B. Treasure Scheme will also continue. Up to the period of six months to less than one year, the interest rate is unchanged. For one year to less than two years, it is now 7.25 per cent (7); two years to less than three years, 7.25 per cent (7); three years to less than five years, 7.5 per cent (7.25); five years and above, 7.75 per cent (7.5).

More Stories on : Fixed Deposits | Interest Rates | Public Sector Banks

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