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Allahabad Bank raises deposit rates

Allahabad Bank announced the increase in its interest rates by 25 basis points for term deposits up to Rs. 1 crore with effect from Aug 21.

20 Aug 2008

Allahabad Bank will  increase it's the interest rates on term deposits up to Rs. 1 crore by 25 basis points  with effect from Aug 21. In the time bucket of one year to less than two years, the revised interest rate would stand at 10 per cent (9.75 per cent) per annum.

For senior citizens, the interest rate for the same period would be 10.50 percent per annum.

The interest rate for domestic term deposits above Rs 1 crore, for contractual period of one year to less than two years would be 9.75 percent p.a.

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