Public sector lenders Allahabad Bank and Oriental Bank of Commerce have announced a hike in interest rates of fixed deposits.
The rate hike by the lenders has been upto 30 basis points.
OBC has raised interest rates of deposits having tenor in the range of 1-2 years to 9.75%.
Allahabad Bank has raised rates of deposits in range of 91-179 days to 7.30%, a 30 bps rise.
Remaining interest rates remain same for both lenders.