The Andhra Bank PPF account interest rate is set by GOI and revised quarterly. It depends on market interest rates and overall economic conditions. Individuals can consider including PPF in their portfolio if they want risk-free, tax-exempt returns or want to dilute the overall risk quotient of their investments.
Features:
Any Resident Individual - Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Visually Impaired persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc.
- Andhra Bank FD Calculator: Get details on Andhra Bank FD rates on February 2021 by maturity period, deposit amount & fixed deposit interest rate with Andhra Bank Latest schemes & features.
- Best Savings Bank Account of 2021 in India. One of the common and oldest ways to save your hard-earned money is by opening a savings bank account. The reason why Indian people prefer this type of bank account is that the principal amount remains safe always despite the interest earned.
Andhra Bank Savings Account Interest Rates
- Minimum balance requirement with or without cheque book facility:
Centres
Without Cheque Book (`)
With Cheque Book (`)
Metro
500
1000
Urban
500
1000
Semi Urban
250
500
Rural
100
250
- Interest is calculated on daily product basis and will be credited on quarterly basis in the months of April, July, October and January every year.
- Rate of interest upto 25Lacs and more than 25 lacs-3%p.a