NEWS & ADVICE : FIXED DEPOSITS
FD rate hike announced by Allahabad Bank
By Neelima Shankar
Sep 5, 2011
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Public sector lender Allahabad Bank has announced a hike in its interest rates of fixed deposits.

The new rates will come to effect from today, September 05, 2011.

The interest rates of deposits having tenor from 1 year to less than 2 years has been revised to 9.5%, a 50 bps hike over the previous rates.

The revised rates are applicable only for deposits amounting upto Rs 5 crore.


 


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