Allahabad Bank Diwali Bonanza upto 11 per cent on term deposits

Kolkata, Oct 25 (UNI) Allahabad Bank has hiked interest rates upto 11 per cent to various term deposit buckets effecting from October 28, 2008.

While senior citizens will get 11% per annum for a period of one year upto three years, for others, it will be 10.50 per cent annually.

In other buckets also, the interest rates on term deposits have been revised ranging from 25 basis points to 75 basis points.

''Since this is a Special Diwali Bonanza, the offer is for limited period'', an Allahabad Bank statement today said.

UNI PC ADG RD/AB 1551