Andhra Bank revises interest rates

Hyderabad, June 2: The public sector Andhra Bank today revised the rates of interest on NRE term deposits.

NRE term deposits for one year but less than two years would fetch an interest of 5.39 per cent per annum as against 5.30 per cent now, while deposits for a period between two years and less than three years would fetch 5.32 per cent as against 5.06 per cent now and above three years, 5.30 per cent as against 5 per cent hitherto, a Bank release here said.

The change in interest rates would be effective from yesterday, the release added.

UNI