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Andhra Bank reduces NRE deposit rates

Andhra Bank has slashed interest rates on Non Resident External (NRE) fixed deposits (rupee accounts).

01 Aug 2008

Andhra Bank has slashed interest rates on Non Resident External (NRE) fixed deposits (rupee accounts). The interest on term deposits for one year and less than two years have been reduced from 3.31 per cent to 3.25 per cent. The interest on term deposits for two years and less than three years now stands at 3.50 per cent (as against 3.60 per cent), for three years at 3.86 per cent (3.95 per cent). From August 1, the revised rates are effective.



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