Andhra Bank revises NRE term interest rate

Andhra Bank has revised the rates of interest of NRE term deposits with effect from November 15, said a release.

With this revision, the interest rate offered on NRE term deposits for different maturity periods will be from 4.89 per cent to 4.92 per cent for three, two and one year deposits.

The revised interest rates are applicable to all fresh deposits and renewals of the existing deposits with effective from November 16, the release added.