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Hyderabad, Nov. 19

Andhra Bank has revised upwards the rates of interest on NRE term deposits for different maturity periods. The new interest rate for a deposit of one year and above and less than two years would, in percentage terms, be 4.92 (4.17); over two years and less than three years would be 4.41(3.66); and three years and above it would be 4.89 (4.14). The revised rates would be applicable to all fresh deposits and renewals of the existing ones with effect from November 16. Tamiln ad Mercantile Bank hiked interest rates on NRE and FCNR (B) term deposits with effect from November 16. –

Our Bureau

More Stories on : Fixed Deposits | NRIs

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