Deposit amount: Banks provide a comparatively lower rate of interest on bulk deposits exceeding Rs. Crore and higher rates on deposits less than 1 crore. DHFL Bank is one of the highest interest offering banks and provides an interest rate of up to 9.25% for fixed deposits. These rates will not be applicable for existing deposits booked at earlier rates. As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of the fixed deposit and interest will be paid at the contracted rate irrespective of change in the fixed deposit rates thereafter. Andhra Bank recurring deposit interest rates are same as the rates offered for the fixed deposit accounts. Following is an overview of AB recurring deposit Rates as of (Do keep in mind that these rates can change at any time and can be changed at the sole discretion of the bank.

• Deposit Interest Rate
• Andhra Bank Fixed Deposit Rates 2018
• Andhra Bank Fixed Deposit Interest Rates

Table of Contents

• 2 Andhra Bank Fixed Deposit in Noida at a Glance
• 3 Andhra Bank Noida Branches

About Andhra Bank Fixed Deposit Noida

If you have been looking for a beneficial investment option in Noida, your search ends with the fixed deposit scheme of Andhra Bank. With the facility to start the investment from as low as ₹1000, Andhra Bank gives everyone the opportunity to earn money for their future from their your money. So, to open an FD account have a look at the eligibility and interest rates.

Andhra Bank Fixed Deposit in Noida at a Glance

Eligibility Criteria

At Andhra Bank, the fixed deposit account can be opened by the following:

• Individuals
• Hindu Undivided Families (HUFs)
• Minor represented by parents/guardian
• Guardian on behalf of societies, clubs, trusts and associations
• Associations
• Clubs
• Trusts
• Sole proprietorship firms
• Partnership firms
• Limited Companies

Documents Required

The list of documents required at the time of FD account opening is subject to change from the profession and category. So, have a look at the documents and see under which category do you come.

An Individual, Hindu Undivided Family, Sole Proprietorship Concern:

• ID Proof-Passport/PAN Card/Driving Licence/Voter ID/Government ID Card/Senior Citizen ID Card
• Address Proof-Passport/Telephone Bill/Electricity Bill/ID Card Issued by Post Office/Bank Statement with Cheque/Any other ID proof or address proof document can be submitted subject to bank’s satisfaction
• A photograph

Trusts:

• Copy of the Trust Deed
• Copy of the registration certificate
• Copy of the Resolution of the Trustees authorizing the members concerned to open and operate the account
• Photographs of the members operating the account

Associations/Clubs:

• By-laws of the Association
• Copy of the Resolution by the board authorizing the members concerned to open and operate the account
• Photographs of the members operating the account

Partnership Firm:

• Partnership Deed
• Letter from partners approving the persons concerned to open and operate the account
• Photographs of the persons operating the account

Public or Private Limited Companies:

• Board Resolution / Authority Letter
• Memorandum & Articles of Association
• Certificate of Incorporation
• Certificate of Commencement of Business (Public Limited Company)
• Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROC
• Governing Act / Rules and Regulations(PSUs) (certified true copy)

For more information on fixed deposits, read Fixed Deposit Noida

Andhra Bank Noida Branches

Deposit Interest Rate

Recurring deposits is one of the investment instrument in which we can invest some amount of money every month and get fixed returns on that money with zero risks. many people open Recurring deposit accounts to save money for their future plans like buying a car or something else. RD is great for those people who currently don’t have a big amount of money to invest in something but still want to engage themselves into money saving schemes. But however, there are some advantages and disadvantages of opening Recurring deposits I have listed some of them below. after that, we will check out the Andhra Bank Recurring Deposit rates.

Advantages of Recuring Deposits:

First, let us check out the advantages which you will get if you open an RD account and invest in that account.

• When you invest in RD account then returns are fixed and with high-interest rates when compared to savings bank accounts.
• With RD accounts you can invest systematically like if you want to buy a car next year you can invest money for your car in this account and you will get the maturity amount at the time of buying a car.
• Even recurring deposits offer fixed interest rates but the interest rates do not fluctuate like it does in Fixed deposits, it says fixed interest.
• There will be no TDS applied on the interest earned, after maturity, the full amount + full interest earned will be deposited into your account.
• When you open any of the banks which offer recurring deposit accounts in India then your RD account will be linked with your saving bank account. You can easily transfer money from your SB account to RD account every month, there is no need to visit bank branch every month.

Disadvantages of Recurring Deposits:

So now check out the disadvantages.

Andhra Bank Fixed Deposit Rates 2018

• These accounts are not like your simple SB accounts where you can deposit or withdraw money as you wish. The money can be withdrawn only after maturity.
• When you are opening an RD Account in India the bank will ask you the amount which you will be depositing in your Recurring deposit account every month. That amount is fixed and can’t be changed.
• There are many other investment plans which offer better interest rates when compared to RD Accounts.

Andhra Bank Fixed Deposit Interest Rates

Andhra Bank Recurring Deposit Interest Rates

Also Read:Banks with Highest Interest Rates on Savings Account

So these are the Andhra Bank Recurring Deposit Rates, I have tried my best to provide you the latest RD rates but still, I highly recommend you to refer the official website of Andhra Bank to verify the interest rates.