Allahabad Bank revises interest rates

Kolkata, Jun 01 (UNI) Allahabad Bank has revised the interest rates on Foreign Currency Non-Resident (FCNR) deposits and Non-resident (External) Rupee Deposits (NRE) with effect from June 1, 2006.

The revised rates for US Dollar are 5.43 per cent (earlier 5.33 per cent) for one year to less than two years, 5.43 per cent (earlier 5.34 per cent) for two years to less than three years, 5.45 per cent (earlier 5.35 per cent) for three years to less than four years, 5.47 per cent (earlier 5.39 per cent) for four years to less than five years and 5.51 per cent (earlier 5.43 per cent) for five years only.

In case of GB Pound deposits, the revised rates are 4.94 per cent (4.87 per cent) 5.03 per cent (4.98 per cent) 5.08 per cent (5.06 per cent), 5.11 per cent (5.09 per cent) and 5.10 per cent(5.10 per cent) for respective maturities.

For EURO Depositss, the Bank has fixed interest rates at 3.32 per cent (3.32 per cent), 3.61 per cent (3.64 per cent) 3.73 per cent (3.73 per cent), 3.81 per cent (3.88 per cent) and 3.88 per cent (3.96 per cent) for corresponding maturities.

With regard to Canadian Dollar the bank has fixed interest rates at 4.41 per cent (4.35 per cent), 4.47 per cent (4.47 per cent), 4.52 per cent (4.56 per cent), 4.56 per cent (4.63 per cent) and 4.61 per cent (4.70 per cent) for resspective maturities.

For Australian Dollars the interest rates fixed by the Bank are 6.10 per cent (6.00 per cent), 6.10 per cent (6.04 per cent), 6.10 per cent (6.13 per cent), 6.15 per cet (6.14 per cent) and 6.16 per cent (6.15 per cent) for respective maturities.

Rates for NRE Term Deposits are 6.40 per cent (6.30 per cent) for one year to less than two years, 6.40 per cent (6.30 per cent) for three years.

The rate for NRE Savings Bank Deposit is 3.50 per cent.

UNI PC SJC DB1933