Allahabad Bank revises interest rates

Kolkata-based Allahabad Bank has revised the interest rates on domestic term deposits below Rs. one crore; and for a period of one year to less then five year.

The interest rate now stands at 8.75 per cent, a downward revision by15 basis point, from the previous 8.90 per cent.

The new interest rates come into effect from January 1, 2015.


Source : Thehindubusinessline