Allahabad Bank increases interest rates on deposits
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.
Kolkata-headquartered Allahabad Bank has hiked interest rates on domestic term deposits for a period of one year to less than two years by 50 basis points to 9.50 per cent.