Andhra Bank revises interest rates on deposits

Hyderabad, May 6 (UNI) The Public sector Andhra Bank has hiked its domestic term deposit rates with effect from May 2.

A Bank release here today said the interest rate for deposits for a term of 91 days to 179 days and six months to one year were hiked by 0.25 per cent to 5.50 per cent and 6.00 per cent respectively.

Similarly, the interest rate for deposits for a period three year to less than five years and five years and above were increased by 0.25 per cent to seven and 7.25 per cent respectively.

There would no change in the interest rate for deposits for periods seven days to 14 days(2.75 per cent), 15 days to 45 days(4.25 per cent), 46 days to 90 days(4.75 per cent), one year to less than two years (6.50 per cent) and two years to less than 3 years (6.50 per cent), the release added.

UNI SM ROY 1624