Allhabad bank hikes interest rates

Kolkata, Apr 13 (UNI) The city-based Allahabad Bank has made an upward revision of its interest rates on Demestic Term Deposits with effect from April eleven.

According to bank sources here today the revised rates are 4.00 per cent (earlier 3.50 per cent, for minimum deposit of Rs 1 lakh) for 7 to 14 days, 4.50 per cent (earlier 4.40 per cent) for 15 to 29 days, 4.75 per cent (earlier 4.65 per cent) for 30 to 45 days, 5.25 per cent (earlier 4.75 per cent) for 46 to 60 days, 5.25 per cent (earlier 5.00 per cent) for 61 to 90 days, 5.75 per cent (earlier 5.50 per cent) for 91 to 180 days.

Similarly it has now 6.00 per cent (earlier 5.50 per cent) for 181 days to less than 1 year, 6.75 per cent (earlier 6.00 per cent) for 1 year to less than 2 years, 7.00 per cent (earlier 6.25 per cent) for 2 years to less than 3 years, 7.25 per cent (earlier 6.50 per cent) for 3 years and above but upto 10 years.

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