The Hindu Business Line : Andhra Bank raises rates

Andhra Bank has upwardly revised the rates of interest on NRE term deposits effective from June 1. According to the NRE term deposits for maturity periods of one year and above, and less than two years will now be 5.39 per cent (5.30); two years and above, less than three years it will be 5.32 per cent (5.06) and three years it will be 5.30 per cent (5). According to a Bank press release, the revised interest rates are applicable to all fresh deposits and renewals of the existing deposits.

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