Bob (East Zone) Logs 19.1% Growth

The Hyderabad-headquartered Andhra Bank yesterday revised its prime lending rate (PLR) and interest rates on deposits. The PLR was reduced by half per cent, from 14 to 13.5 per cent, a bank release said. The new rates of interest on deposits for a maturity period of 30 to 45 days is five per cent, 46 to 179 days 5.5 per cent, 180 days upto one year 7.5 per cent, above one year to three years 10.5 per cent and above three years 11.0 per cent. Under NRE term deposits, 7.5 per cent for six months to one year, above one year to two years 10.0 per cent, above two to three years 10.50 per cent and above three years 11.5 per cent.

Under NRNR deposits, 6 months to one year 11 per cent and above one to three years, 12.0 per cent, the release added.