Interest Rates - Andhra Bank

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Andhra Bank's BMPLR (Bench Mark Prime Lending Rate) @ 13.85% p.a with effect from 16.09.2019 Andhra Bank introduced Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 01.04.2016 applicable for all fresh loans sanctioned as well as renewals on or after 01.04.2016. Foreign exchange for oversees travelling. Spend money abroad safely with a TravellWallet card and send money to loved ones. Receive money directly into your account quickly, simply and affordably. Get the Shyft mobile app to buy, send and store forex in US dollars, Euros, Pounds and Australian dollars. Libor: USD: EUR: GBP : Forward Levels (Previous Close) Rate for International Travel Cards. Note: Valid for cards upto USD 3,000 only. Cards issued Beyond USD 3,000 are to be reported to dealing room for rate. The main highlights of Andhra Bank Mudra Loan are: The loan is sanctioned to non-farming sectors after 8th April 2015. The limit of this loan is Rs. 10 lacs. Andhra Bank Mudra Loans are also available for manufacturing, service and trading activities. There is no requirement of collateral security. Note. W.e.f. May 25, 2020, interest rate on daily balances in Savings Account stands revised as follows: Daily balances in excess of Rs. 1 lakh will earn 4% interest p.a. and daily balances up to Rs. 1 lakh will earn 3.50% interest p.a.

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