Andhra Bank

Interest Rates Deposits

Interest Rates on Savings Bank Accounts :

4.00% per annum on Domestic Savings Deposits, Ordinary Non-Resident (ONR) Savings deposits and Savings Deposits under Non- Resident (External) (NRE SB) Accounts w.e.f., 03.05.2011

Interest Rates on Domestic Term Deposits w.e.f., 01.11.2011

Rates of Interest on Domestic Term Deposits have been revised with effect from 01.11.2011. With this revision, the interest rates offered on domestic term deposits for various periods are as under:

S No.	Maturity Period	Rates of interest (%) per annum
S No.	Maturity Period	Less than Rs.15.00 Lacs	Rs.15.00 Lacs to < Rs.1.00 crore	Rs.1 crore to < Rs.5.00 crore	Rs.5 crore to Rs.10.00 crore	Above Rs.10.00 crore
1	7 days to 14 days #	4.00	4.00	4.00	4.00	4.00
2	15 days to 45 days	4.50	4.50	4.50	4.75	4.75
3	46 days to 90 days	6.00	6.00	6.00	6.00	6.00
4	91 days to 179 days	7.25	7.25	7.75	7.75	7.75
5	6 months to < 1 year	8.50	8.50	8.60	8.60	8.60
6	1 year to 3 years	9.40	9.40	9.40	9.40	*
7	Above 3 years to 10 years	9.00	9.00	9.00	9.00	*

# For Deposits of Rs.1.00 Lac and above.

* For Deposits of above Rs.10.00 crore branches should contact General Manager, Corporate Planning Department, Head office.

‘AB POWER 500 and AB POWER 1000’ deposit schemes which were launched with effect from 08.08.2011 stands withdrawn with effect from 01.11.2011.

For Senior Citizens, the rate of interest is 0.50% higher for all maturity periods. Existing / Retired Staff are eligible for additional rate of interest as per rules.

FCNR(B) Deposits : Interest Rates w.e.f., February 01, 2012

The revised interest rates on FCNR [B] Deposits with effect from February 01, 2012 are as under:

Currency	1 Year & above but less than 2 Years		2 Years & above but less than 3 Years		3 Years & above but less than 4 Years		4 Years & above but less than 5 Years		5 years
	New	Existing	New	Existing	New	Existing	New	Existing	New	Existing
USD	2.35	[2.38]	1.78	[2.00]	1.87	[2.11]	2.06	[2.30]	2.30		[2.51]
GBP	3.14	[3.12]	2.49	[2.59]	2.51	[2.62]	2.63	[2.71]	2.75		[2.81]
EUR	2.98	[3.16]	2.42	[2.57]	2.50	[2.64]	2.66	[2.80]	2.85		[3.00]
CAD	3.12	[3.06]	2.44	[2.39]	2.50	[2.47]	2.61	[2.58]	2.75		[2.71]
AUD	6.13	[6.13]	5.09	[5.14]	5.13	[5.18]	5.37	[5.45]	5.50		[5.57]

[Figures in brackets denote previous month interest rates]

The above interest rates on FCNR (B) Deposits are applicable only to the fresh and renewed deposits from February 01, 2012

NRE ACCOUNTS With effect from 01.01.2012

Rates of interest on NRE term deposits have been revised with effect from 01.01.2012. With this revision, the interest rates offered on NRE term deposits for different maturity periods are as under:

Period	Rate of Interest (%) p.a.
1 year	9.40
More than 1 Year up to and inclusive of 2 years	9.25
More than 2years and up to and inclusive of 3 years only	9.00

The revised interest rates are applicable to all fresh deposits and renewals of the existing deposits with effect from 01.01. 2012.

Maturity Period