Fixed Deposit Rate of Andhra Bank

Tenure Interest Rates for Regular Deposit Interest Rates for Senior Citizen
7 days to 14 days 4.00% 4.50%
15 days to 45 days 4.50% 5.00%
46 days to 90 days 5.00% 5.50%
91 days to 179 days 6.00% 6.50%
6 months to 8 months 29 days 6.25% 6.75%
9 months to 364 days 6.25% 6.75%
1 year to 2 years 7.00% 7.50%
2 years 1 day to 10 years 6.50% 7.00%

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What Is A Fixed Deposit?

A fixed deposit or FD is a type of bank account which allows you to deposit a certain fixed amount of money at a regular interval of time for a fixed period. In a fixed deposit account, you can collect the maturity amount at the end of the fixed period.

The advantage of having a fixed deposit account is that you earn high rates of interest.

Andhra Bank Fixed Deposit

Andhra Bank is one of the many banks of India owned by the government. Having a fixed deposit account in Andhra Bank is very helpful and profitable, particularly for the merchants. They can earn higher interest rates through the FD of Andhra Bank.

Interest Rate of Fixed Deposits in Andhra Bank

Rates of interest on fixed deposits will vary by the economy and the market of a particular point of time. However, the interest rate of fixed deposits in Andhra Bank is always pretty high and profitable.

The bank has to follow certain regulations regarding the FD rates. But at the end, Andhra Bank's interest rate can serve you well. You will get a handsome amount of money from the fixed deposit account. And this price would include a huge percentage of interest from the FD.

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