Andhra Bank launches a new deposit scheme

Jaipur, Apr 26 (UNI) Andhra Bank, a leading public sector bank, today announced a new deposit scheme-AB Excel-offering an interest rate of 9.75 per cent per annum for a maturity of 400 days.

For senior citizens the interest rate is increased to 10.25 per cent.

Addressing a press conference here, General Manager (northern region) Rakesh Sethi said the scheme is a limited period offer ending by May 31, this year.

The bank also offers life insurance cover to its savings bank account holders. AB Jeevan Abhaya is a savings bank account that provides group insurance cover with accident and death benefits.

The scheme offers pure term insurance cover under one year renewal term assurance plan, Mr Sethi added.

UNI