Date:03/05/2007 URL: http://www.thehindubusinessline.com/2007/05/03/stories/2007050302990600.htm

Back Andhra Bank raises NRE rates

Our Bureau

Hyderabad, May 2

Andhra Bank has revised interest rates on Non-Resident External (NRE) term deposits with effect from May 1. On the deposits for one year and above but less than two years, the interest has been revised to 5.30 per cent from 5.22 per cent, for two years and above but less than three years to 5.06 per cent from 5.02 per cent and on deposits for three years to 5 per cent from 4.96 per cent, according to a release.