Andhra Bank revises interest rate on NRE deposits

Hyderabad, May 2 (UNI) Andhra Bank today announced that it has revised the rates of interest on Non Resident External (NRE) term deposits with effect from May one.

According to a press release here, the bank had revised interest rate for deposits between one year and less than two years to 5.30 per cent as against the existing 5.22 per cent.

The interest rate for term deposits for two years to less than three years and above three years were revised to 5.06 and 5 per cent as against existing 5.02 and 4.96 per cent, respectively.

UNI