**[investwise]** Andhra Bank-Hv We Entered An Era Of Low Single Digit Int Rates on Deposits?

 

Andhra Bank-Deposit Rates Currently In Vogue-low single digits     Andhra Bank offers 7% p.a. interest on Term Deposit for 1000 days. The scheme will be operative for a limited period i.e. from 21/01/2010 to 30/06/2010. The minimum amount of deposit to be accepted will be Rs.10,000/- and the maximum will be less than Rs.1.00 crore.         SL No     Maturity Period Rates of interest (%) per annum  from  21/01/2010 Less than Rs.15.00 Lakhs Rs.15.00 Lakhs  to < 1.00 Cr Rs. 1.00 Cr  to Rs.5.00 Cr Above Rs. 5.00 Cr 1 7 days to 14 days* 2.00 2.00 1.50 1.50 2 15 days to 45 days 3.00 3.00 2.50 2.50 3 46 days to 90 days 4.00 4.00 3.00 3.00 4 91 days to 119 days   5.00 5.00 3.50 3.50 5 120  to 179 days   5.00 5.00 3.50 3.50 6 6  to < 12 months   5.50 5.50 5.00 5.00 7 1 year  to < 2 years 6.50 6.50 6.00 6.00 8 2 years to 999 days  6.50 6.50 5.50 5.50 9 1000 days# 7.00 7.00 5.50 5.50 10 1001 days to < 3 years 6.50 6.50 5.50 5.50 11 3 years to < 5 years 7.00 7.00 5.50 5.50 12 5 years to 10 years 7.00 7.00 5.50 5.50     For Senior Citizen, the rate of interest is 0.50% higher for all maturity periods. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.   Nothing in this article is, or should be construed as, investment advice.

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