Allahabad bank increases interest rates on deposits
Allahabad Bank, one of the leading nationalized banks of the country, has
decided to increase the interest rates on domestic term deposits up to Rs.1 crore from 9.75% to 10% per annum in the time bucket of 1 year to less than 2 years. For senior citizens, the rate of interest for the same period would be
10.50% per annum.
For domestic term deposits above Rs.1 Crore, the rate of interest for contractual period of 1 year to less than 2 years will be 9.75% per annum.
The above changes in the deposit rates would be
effective from 21st August 2008.
Publicity
Department
19th August, 2008
Press Corner
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