Allahabad Bank reduces domestic retail term deposit rate to 9%

SME News, Tuesday, Dec 18, 2012 13:19:06 PM IST

Allahabad Bank slashes base rate by 30 bps

Allahabad Bank to off-load Rs 540 cr worth NPAs this quarter

Allahabad Bank to give greater focus on retail segment: CMD

MUMBAI: Public sector lender Allahabad Bank has reduced its domestic retail term deposit rate by 0.15 per cent to 9 per cent.

“...the Bank has decided to revise the interest rate downward by 0.15 per cent per annum i.e. from existing 9.15 per cent to 9 per cent on domestic retail term deposits scheme with maturity period of one year to less than two years,” as per the statement issued by the bank.

The new rates would be applicable from December 18, 2012.

Earlier, Oriental Bank of Commerce and Bank of India had slashed term deposit rates for select maturities.

next >>

<< previous

Hot Topics

Allahabad Bank reduces domestic retail term deposit rate to 9%

Other Categories

More ways to get us

Subscribe by E-mail