Allahabad Bank has revised downwards its term deposit interest rates by up to 0.25%, or 25 basis points with effect from Friday, December 01, 2017. The new rates of interest shall be applicable to all fresh fixed deposits and renewals of maturing term deposits.
Allahabad Bank Limited – Current Term Deposit Interest Rates
New Delhi (Delhi, India), February 21, 2018
Allahabad Bank Revises Downwards Its Term Deposit Interest Rates by up to 0.25% (25 Basis Points)
The Allahabad Bank Limited has decreased its term deposit interest rates for Domestic, NRE, and NRO Term Deposits by up to 0.25 percent, or 25 basis points with effect from Friday, December 01, 2017.
The decision to decrease the fixed deposit interest rates was taken by the Asset and Liability Committee (ALCO) of Allahabad Bank.
The Allahabad Bank’s new rates of interest shall be applicable to all fresh fixed deposits and on renewals of maturing term deposits.
Allahabad Bank’s Current Fixed Deposit Interest Rates for Amount Less Than Rs. 1 Crore
Last Revised On: December 01, 2017
1. For Resident Indians: Retail Domestic Term Deposits Interest Rates
7 Days to 29 Days FD Interest Rate: 4.00% Per Annum
30 Days to 45 Days FD Interest Rate: 4.50% Per Annum
46 Days to 60 Days FD Interest Rate: 5.50% Per Annum
61 Days to 179 Days FD Interest Rate: 6.00% Per Annum
180 Days to 269 Days FD Interest Rate: 6.25% Per Annum
270 Days to 10 Years FD Interest Rate: 6.50% Per Annum
2. For Resident Indian Senior Citizens: Retail Domestic Term Deposits Interest Rates
7 Days to 29 Days FD Interest Rate: 4.00% Per Annum
30 Days to 45 Days FD Interest Rate: 4.50% Per Annum
46 Days to 60 Days FD Interest Rate: 5.50% Per Annum
61 Days to 179 Days FD Interest Rate: 6.00% Per Annum
180 Days to 269 Days FD Interest Rate: 6.25% Per Annum
270 Days to 10 Years FD Interest Rate: 6.50% Per Annum
3. For Non-Resident External (NRE): Term Deposits Interest Rates
1 Year to 10 Years FD Interest Rate: 6.50% Per Annum
4. For Non-Resident Ordinary (NRO): Term Deposits Interest Rates
7 Days to 29 Days FD Interest Rate: 4.00% Per Annum
30 Days to 45 Days FD Interest Rate: 4.50% Per Annum
46 Days to 60 Days FD Interest Rate: 5.50% Per Annum
61 Days to 179 Days FD Interest Rate: 6.00% Per Annum
180 Days to 269 Days FD Interest Rate: 6.25% Per Annum
270 Days to 10 Years FD Interest Rate: 6.50% Per Annum
Definition of a Senior Citizen: A senior citizen is defined as a person above the age of 60 years. The interest rates for the Senior Citizens are applicable only to the Resident Indians on Domestic Fixed Deposits. In case of the Joint Account Holders, where one of the account holder is a Senior Citizen, the Senior Citizen Term Deposit Interest Rate will only be applicable if the Senior Citizen is the ‘First Holder’ on the said term deposit.
Bulk Term Deposits: Please contact to the nearest Allahabad Bank branch for interest rates on domestic bulk term deposits of Rs. 1 crores and above.
Non-Resident External (NRE) Term Deposits: The minimum tenure for Non-Resident External (NRE) term deposits is 1 year and no interest is payable for deposits prematurely withdrawn within the period of 1 year from the date of deposit.
Allahabad Bank Bulk Term Deposits: For terms and conditions or any other details about Allahabad Bank Fixed Deposit Interest Rates, please contact your nearest Allahabad Bank branch.
Allahabad Bank – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of Allahabad Bank Limited