The Andhra Bank FD Calculator is here. The aspirants who want to know about Andhra Bank Fixed Deposit Calculator can find on this page. You can also see the latest Fixed deposit interest rates along with the tenure period. Read the complete article to know the more information about Andhra Bank FD rates.
Fixed Deposit
Fixed Deposit is also called as FD. Many People are saving their money in banks through Fixed Deposits. They are trusting the FD because the banks surely return their money safely with some amount of interest. Nowadays many banks are offering Fixed deposit schemes. While depositing the money, the users have to choose a bank which is better than all. Some banks offer more interest rate than others. If you choose that type of bank, it is a benefit to you. After selecting a perfect bank, you can proceed with the next process.
If you invest a small amount in the Fixed Deposit, it will give you huge money with more interest rates. Some banks give loans on your account also. Therefore, you can keep your money in banks safely. Among all savings, Fixed Deposit is the most secure one for saving your money.
About Andhra Bank
Andhra Bank is the most famous and secure bank for fixed deposits. In India Andhra Bank is the 5th Government Bank. It was established in 1923, and it is also called as public sector bank. All over the country, Andhra Bank has many branches, satellite offices and ATM’s. Andhra Bank is currently offering highest interest rates on fixed deposits comparing with others. In Andhra Bank, you can deposit your money from 7 days to 10 years. The highest interest rate in Andhra Bank is 9%. The users can also calculate their Fixed Deposit maturity amount by using the Andhra Bank FD Calculator. It is very helpful for you to calculate your maturity amount.
The Andhra Bank latest interest rates along with the tenure period are also given in this article. So, with the help of the interest rates and tenure period you can calculate your fixed deposit maturity amount in FD Calculator. Before the tenure period, Andhra bank not allows you to withdrawal the money.
Andhra Bank FD Interest rates
The different kinds of Andhra Bank interest rates and tenure periods are given in the below tabular columns. So, the interested people can follow them to calculate the fixed deposit maturity amount.
Fixed Deposit 2017 Interest Rates – Andhra Bank
Period | Interest Rate For Amount Below 1 Crore (% p.a.) |
Interest RateFor Amount Above 1 Crore (% p.a.) |
7 Days to 14 Days | 4.00% | 4.00% |
15 Days to 30 Days | 4.50% | 4.00% |
31 Days to 45 Days | 4.50% | 4.00% |
46 Days to 60 Days | 5.00% | 4.75% |
61 Days to 90 Days | 5.00% | 4.75% |
91 Days to 180 Days | 6.00% | 5.25% |
181 Days to 270 Days | 6.25% | 5.50% |
271 Days to 1 Year | 6.25% | 5.50% |
1 Year | 7.00% | 5.75% |
1 Year to 2 Years | 7.00% | 5.75% |
2 Years to 3 Years | 6.50% | 5.75% |
3 Years to 5 Years | 6.50% | 5.75% |
5 Years to 10 Years | 6.50% | 5.75% |
Above 10 Years | 6.50% | 5.75% |
Andhra Bank NRE FD Interest Rates – 2017
Period | Interest Rates below 1 crore (% p.a.) | Interest Rates above 1 Crore (% p.a.) |
1 year to 2 Years | 7.00% | 5.75% |
Above 2 Years – up to 3 years | 6.50% | 5.75% |
Above 3 Years- up to 10 Years | 6.50% | 5.75% |
Andhra Bank 2015 – 2016 FD Interest Rates
Maturity Period | Interest rates
( < 1 C) |
Interest Rates
( 1C-10C) |
Interest rates
(10C-50C) |
7 days to 14 days | 4.50 | 4.50 | 4.50 |
15 days to 45 days | 5.75 | 5.75 | 5.75 |
46 days to 90 days | 6.25 | 6.25 | 6.25 |
91 days to 179 days | 6.50 | 6.50 | 6.25 |
6 months to < 9 months | 7.00 | 6.75 | 6.75 |
9 months to < 1 year | 7.25 | 6.75 | 6.75 |
1 year to 2 years | 7.25 | 6.75 | 6.75 |
Above 2 years to 3 years | 7.25 | 6.75 | 6.50 |
Above 3 years to 5 years | 7.25 | 6.75 | 6.50 |
Above 5 years to 10 years | 7.00 | 6.75 | 6.25 |
Maturity Period | Interest rate
above 50C -100C |
Interest rate
(above 100C) |
7 days to 14 days | 4.50 | 4.50 |
15 days to 45 days | 5.75 | 5.75 |
46 days to 90 days | 6.25 | 6.25 |
91 days to 179 days | 6.25 | 6.25 |
6 months to < 9 months | 6.75 | 6.75 |
9 months to < 1 year | 6.75 | 6.75 |
1 year to 2 years | 6.75 | 6.75 |
Above 2 years to 3 years | 6.25 | 6.25 |
Above 3 years to 5 years | 6.25 | 6.25 |
Above 5 years to 10 years | 6.25 | 6.25 |
How to use Andhra Bank FD Calculator?
If you don’t know the usage of the Andhra Bank FD Calculator, you can learn here. We are providing the complete information regarding FD Calculator and Andhra Bank FD Interest rates on this page. So, utilize the provided information and learn the calculation process. We are giving an example calculation in the below link. So, the users can learn the FD Calculation process from the given link.
Andhra Bank FD calculator is mainly used for calculating the Fixed deposit maturity amount. To calculate the maturity amount, you should know the interest rates and tenure period. We had provided the Andhra Bank FD Interest Rates along with the term period in the above tabular columns. Therefore, the users can take the above interest rates for calculating their fixed deposit maturity amount using Andhra Bank FD Calculator. The maturity amount is calculated by using the mentioned formulae, i.e.,
A = P(1+r/t)^{nt}
Calculate Andhra Bank FD Here |
Andhra Bank Fixed Deposit Schemes
Andhra Bank is offering three schemes. They are Short Term FD Rates, Medium Term FD Rates, and Long Term FD Rates. The description of the 3 terms is given in the below sections. So, follow them carefully to get an idea about the interest rates.
Short Term FD Rates:
- In Short-Term the minimum tenure period is 30 days with an interest rate of 6.5%.
- For a term period of 60 days to 90 days, the Fixed deposit interest rate is 0.25% to 6.75%.
- The Andhra Bank FD Interest rate for 91 days to 179 days is 1.05% to 7.8%.
Medium Term FD Rates:
- In the medium term, the fd tenure period starts from 1 year to 3 years with an interest rate of 8.5%.
Long Term FD Rates:
- The Andhra Bank Fixed Deposit interest rates for 3 years to 10 years is 0.25% to 8.75%.
Senior Citizen FD rates:
- The FD interest rate for senior citizens is 0.5% higher than the regular depositors.
- The interest rate is ranging from 7% to 9 %.
Eligibility & FD Account Opening – Andhra Bank
For opening a new FD Account in Andhra Bank, the users should be Indian residents, Senior Citizens, or NRIs. Both single and joint individuals, private and public limited companies, partnership firms, HUFs, trusts, associations, can open a new Fixed Deposit account in Andhra Bank. You can apply for a new account in 2 ways. There are the online process and offline process. The two processing methods are given in the below link. Therefore, the interested persons can click the link to know the applying process.
Andhra Bank FD Account Opening Process
Features of Andhra Bank Fixed Deposit
- For NRIs, the Andhra Bank offering FCNR Term Deposits and NRE Term deposits.
- You can save your money in Andhra Bank for a minimum period of 6 months to a maximum period of 10 years.
- The users can also deposit the money for 7 days, and it requires a minimum deposit amount of Rs.1,00,000. In other cases, the minimum deposit tenure period is 15 days.
- Invest with low money, and finally, you will get more rates on your money.
- No premature withdrawals are not allowed by the Andhra Bank.
- If you withdrawal the Fixed deposit maturity amount before the tenure period, you have to pay a penalty of 1%.
- Compared with regular depositors, the senior citizens has more advantages and benefits. The interest rates are also high for them.