The Hindu Business Line : Allahabad Bank increases deposit rates

Kolkata, Oct. 25 Allahabad Bank has increased rates of interest on term deposits of specific maturities as a part of its ‘Festival Bonanza’ scheme. According to a press statement by the bank here on Saturday, the interest rates on term deposits of one year up to three years have been increased by 50 basis points at 10.50 per cent. For senior citizens, the revised rates stand at 11 per cent (10.5 per cent). The interest rates on other time buckets have also been increased in the range of 25-75 basis points, the release said.

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