Andhra Bank Fixed Deposit Rates: Andhra Bank is a medium-sized Public Sector Bank in India which has more than 2800 branches and 3600 ATMs. It provides a wide range of Banking Services and Products to all the Customers. Andhra Bank offers various Fixed Deposit Schemes which consists of competitive Interest rates for different periods. Complete details about Andhra Bank Fixed Deposit Rates will be available on this page.
Fixed Deposit Rates change in all the banks based on the liquidity needs and general market conditions. In Fixed Deposit, you will not be able to track any changes until a particular period of time and make sure to check the effect of returns, after an Interval of time. Don’t forget to check returns in case of multiple account holdings.
Andhra Bank Fixed Deposit Rates are always high. Hence, you will be able to gain good sum of money from the fixed deposit account. Thus, you will earn maturity due to high-interest rates of Andhra Bank.
Updated Andhra Bank Fixed Deposit Rates are available below:
|Fixed Period||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 < 1 year||6.25||6.75|
|1 years 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|
What is a Fixed Deposit Account?
Fixed Deposit Account or FD is basically a type of Bank Account in which you need to deposit money in Bank on regular interval until a particular fixed period. Later on, you can collect the maturity amount when the fixed period is ended.
Andhra Bank Fixed Deposit
Andhra Bank is one of the most popular banks in India. If you have a Fixed Deposit Account in Andhra Bank, then you will be able to get various services provided by the bank. Fixed Deposit account will be helpful for various merchants as they will be able to earn high interest.
Andhra Bank Short-Term FD Rates
The Shortest-term holding available in Andhra Bank is 30 Days which provides returns at 6.5% Interest rate. However, if holdings made between 60 to 90 days, then rates are increased by 0.25% to 6.75%. While if you increase holding period to 91 Days, then your Interest rate will be increased to 1.5% and for 179 days, the bank provides interest of 7.8%. The best Interest rate is 8% which will be available if you hold money for 6 months and 1 years.
Andhra Bank Medium and Long-Term FD Rates
If you hold money for 1 to 3 years, then you will get the highest interest rate of 8.5%. However, it is reduced to 0.25% to 8.75% on holding it between 3 or 10 years.
Andhra Bank Senior Citizen FD Rates
All the Senior Citizens will get 0.5% more on existing interest rates on all the schemes, thus keeping interest rates between 7% to 9%.