NEWS & ADVICE : FIXED DEPOSITS
Allahabad Bank modifies interest rates on select fixed deposits
By Vaibhav Aggarwal
Nov 16, 2012
Print    Email    RSS   

The public sector bank, Allahabad Bank, has changed its interest rates on selected fixed deposit schemes having less than Rs. 5 crore as deposit amount. The revised interest rates have become effective from November 15.

The bank has increased its interest rates by 25 to 150 basis points for deposits having various maturity periods and has decreased the rates for term deposits reaching maturity after one year but before the completion of two years by 10 bps to 9.15 percent.

In addition to this, the Kolkata based bank has also increased the upper limit for making deposits for the AllBank Liquid Term Deposit Scheme. Earlier deposits under this scheme could be made up to the amounts of Rs. 50 crore which has now been increased to Rs. 100 crore.


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Recurring deposit facility by IDBI Bank
12 point conduct checklist for bank and...
Recurring Deposits or Systematic...
Children’s Saving Account- teaching...
J&K Bank raises PLR


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