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.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.