New deposit rates from Andhra Bank | Interest rates have been increased on term deposits
Andhra Bank has announced that interest rates are going to be increased in the range of 0.25% to 0.75% on term deposits. This decision will be in force from 18th June 2010. Interest rates on deposits below one crore rupees, of six months to one year term, has been increased from 5.50% to 6%. From one year to two year durational deposits of below one crore rupees, there is an increase in interest rates from 6.50% to 6.75%. For the deposits below one crore rupees, from two years to three years term, interest rates have been increased from 6.50% to 7%.