Allahabad Bank revises term deposit rates

August 20th, 2008 - 3:00 pm ICT by IANS  

Kolkata, Aug 20 (IANS) Kolkata-based Allahabad Bank has revised its interest rates on domestic term deposits up to Rs.10 million from 9.75 percent to 10 percent per annum for a period of over one year and less than two years, it said Wednesday.The rate of interest for senior citizens for the same period will be 10.5 percent.

For domestic term deposits above Rs.10 million, the interest rate for a contractual period of one year to less than two years will be 9.75 percent per annum.

The changes in deposit rates would be applicable from Aug 21.

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