Allahabad Bank cuts term deposit rate
Allahabad Bank has cut its domestic retail term deposit rate by 0.15 per cent to 9 per cent.
Allahabad Bank, one of the leading nationalized banks of the country, has decided to increase the interest rates on domestic term deposits up to Rs.1 crore from 9.75% to 10% per annum in the time bucket of 1 year to less than 2 years.