- Andhra Bank Gold Loan Interest Rates. Currently bank charges the interest rate of 11.40% per annum on loan against gold, which is calculated as base rate + 1.40%. Interest rates are subject matter to change therefore it is advisable to check for the same with bank before applying for loan. Andhra Bank Gold Loan Eligibility Calculator.
- Andhra Bank Discussion. On what dates of the year savings account interest is credited. Please confirm the precise terms and interest rates of the product with.
The Andhra Bank provides its customers with various types of savings accounts to fulfil the needs of different categories of customers like kids, pensioners, salaried people, corporate customers, Govt. Sector and charitable trusts and societies. The rate of interest is 4% on savings account for all categories. Other than this only following 5 banks offer higher than 3.5% interest rate: Bandhan Bank, Kotak Mahindra Bank, Lakshmi Vilas Bank, Ratnakar Bank and Yes Bank. The good news is most new age Small Finance Banks offer interest rate of 4% or higher on their savings account. Suryoday Small Finance Bank offers 7.25% for balance between Rs 1 to 10 Lakh.
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.
7% Interest Rate Savings Account
- 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