NEWS & ADVICE : FIXED DEPOSITS
Allahabad Bank announces FD rate hike
By Neelima Shankar
Feb 17, 2011
Print    Email    RSS   

Public sector lender, Allahabad Bank has announced an increase in interest rates of fixed deposits by as much as 200 basis points. At the same time deposit rates of a particular slab have been reduced by 25 bps.

The revised rates will come into effect from February 18, 2011.

The 270-364 days deposit will now fetch the depositor an interest of 7.75% for amount less than Rs 1 crore.

The 5 to 10 year deposit slab will have a slashed rate of 8% now as against 8.25% earlier.

Deposits of tenor 1-2 years will have increased rate of 8.75% while 2-5 year deposit will have interest of 8.5%.

For high value deposits in the range of Rs 1 to 5 crore, there has been an interest hike in 2-3 year deposit to 8%.

The 3-5 year deposit will fetch interest of 7.75% while the 5-10 year deposit will have interest of 7.5%.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
FMPs or FDs: Make an informed choice
Sweep in to Auto Sweep savings A/c
Things you should know while filing income...
FDs or Equity? Which suits you best?
Fetch higher interest rate on your savings...


NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...
If I invest 100000 rupees deposit for 2 year , how...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive