Allahabad Bank revises interest rates on FCNR and NRE deposits

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Kolkata, Sep 17 (UNI) Kolkata-based Allahabad Bank today revised its interest rates on Foreign Currency Non-Resident (FCNR) deposit with immediate effect.

The revised rates for US Dollar are 2.96 per cent (earlier 2.46 per cent) for one year to less than two years, 3.06 pc (2.56 pc) for two yers to less than three years and 3.38 per cent (2.88) for three years to less than four years, besides 3.60 per cent (3.10) for four years to less than five years and 3.76 per cent (3.26) for five years only.

For Great Britain Pound deposits, new rates are 5.77 pc (5.27), 5.15 pc (4.65), 5.13 pc (4.63), 5.08 pc (4.58) and 5.03 pc (4.53) for corresponding maturities.

With regard to Canadian Dollar the Bank has fixed interest rates at 3.42 pc (292), 2.81 pc (2.31), 2.99 pc (2.49), 3.12 pc (2.62) and 3.23 pc (2.73) for respective maturities.

Rates for NRE term deposits with effect from 17.9.08 are 3.71 pc (3.21) for one year to less than two years, 3.81 pc (3.31) for two years to less than three years and 4.13 pc (3.63) for three years.

The rate for NRE Savings bank deposit is 3.50 per cent with effect from 18.1105.


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