Andhra Bank is one of the five government banks in the country, which are currently offering the highest rates of interest on fixed deposits. Therefore, it the bank is today enticing more and more investors for term deposits.

For senior citizens, an additional 0.5% would be given over and above these rates. The revised rates mentioned below are effective from 30 December, 2016.

Andhra Bank fd rates

Andhra Bank Fixed/Term Deposit Interest Rates 2017:

Time PeriodInterest Rate For Amount Below 1 Crore (% p.a.)
Interest RateFor Amount Above 1 Crore (% p.a.)
7 Days to 14 Days4.00%4.00%
15 Days to 30 Days4.50%4.00%
31 Days to 45 Days4.50%4.00%
46 Days to 60 Days5.00%4.75%
61 Days to 90 Days5.00%4.75%
91 Days to 180 Days6.00%5.25%
181 Days to 270 Days6.25%5.50%
271 Days to 1 Year6.25%5.50%
1 Year7.00%5.75%
1 Year to 2 Years7.00%5.75%
2 Years to 3 Years6.50%5.75%
3 Years to 5 Years6.50%5.75%
5 Years to 10 Years6.50%5.75%
Above 10 Years6.50%5.75%

NRE Fixed Deposit Interest Rates 2017:

PeriodInterest Rates below 1 crore (% p.a.)Interest Rates above 1 Crore (% p.a.)
1 year to 2 Years7.00%5.75%
Above 2 Years – up to 3 years6.50%5.75%
Above 3 Years- up to 10 Years6.50%5.75%

Calculate FD maturity value now

Updated: 3 January, 2017

Important Notes:

  • You have to take permission from general manager to deposit amount above 10 cr.
  • Senior Citizen and Staff Rate of interests are not applicable for NRE/NRO Deposits.

Source: http://www.andhrabank.in/english/InterestRate.aspx

14 Comments

  1. I would like to fixed deposit RS 20,000,000 on monthly basis, I just want to know how much money I will get monthly

    Thanks

  2. i can make FD for 35 lakhs and keep it for 2 years . But i need monthly interest . Please advice how much i can get monthly.

  3. I want to invest 2500000 & i am senior citizen how much i get monthly with deduction of tds i will submit 15h form.

  4. Sir
    I would like to fixed deposit RS 20,000,000 on monthly basis, I just want to know how much money I will get monthly

    Thanks

  5. I am NRI, currently working in Kuwait, I wish to Fix Deposit Rs, 15,00,000/- for 10 years, on monthly income basis. please inform rate of interest and required documents for opening of Fixed Deposit Account(NRE).

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