The Hindu Business Line : Allahabad Bank ups NRE rates

Allahabad Bank has increased the interest rates on FCNR and NRE deposits effective October 16, according to a press statement issued by the bank. The interest rates on dollar deposits of various tenures have been revised as follows: one-to-less than two years at 4.21 per cent (3.71 per cent), two-to-less than three years at 3.52 per cent (3.02 per cent), three-to-less than four years at 3.81 per cent (3.31 per cent), four-to-less than five years at 3.95 per cent (3.45 per cent) and for five years only at 4.14 per cent (3.64 per cent). —

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