Allahabad Bank is one of the leading public sector banks in the country. The bank aims to attract customers by offering good rates of interests on term deposits. The Revised rates Given Below are effective from 17 November, 2016.

Allahabad-Bank-logo

Table for Allahabad Bank Fixed/Term Deposit Interest Rates:

Time PeriodInterest Rate For Amount Below 1 Crore Interest RateFor Amount Above 1 Crore
7 – 14 Days4.50%4.00%
15 – 30 Days4.50%4.00%
31 – 45 Days5.00%4.00%
46 – 60 Days5.50%5.00%
61 – 90 Days6.60%5.00%
91 Days – 180 Days6.25%5.00%
181 Days – 270 days6.50%5.00%
271 Days – 1 year6.50%5.00%
1 Year7.00%5.00%
1 Year – 2 Years7.00%5.00%
2 Years – 3 Years6.75%5.00%
3 Years – 5 Years6.50%5.00%
5 Years – 10 Years6.50%5.00%
Above 10 Years6.50%5.00%

NRE Fixed/Term Deposit Interest rates:

Period Interest Rates
 1 – 2 Years 7.00%
 2 – 3 years6.75%
 3 – 5 Years 6.50%
 5 – 10 Years 6.50%

Calculator Maturity with FD Calculator

Important Notes:

  • For Allahabad Bank  Domestic, NRE & NRO saving accounts, Interest Rates is 4% like other top Indian banks.
  • For NRO deposits, the fixed deposit rates are same as for domestic deposits.
  • Extra .25% interest rate applicable for senior citizens.
  • No additional interest will be given to senior citizens for NRO fixed deposits.

Allahabad Tax Benefit term/fixed Deposit Scheme:

  • 6.50% p.a interest rates will be given for 5 year term deposits.
  • Money withdrawal before 5 years is not allowed.
  • Deposit can be transferred from one branch to other, but it is not possible to transfer money to other banks.

Updated: 3 January, 2017

Source: https://www.allahabadbank.in/english/Deposit_Schemes.aspx

7 Comments

  1. I have been a customer of this bank for the last 10 years and I found it very supportive,easy to access and timely solution provider.

  2. Guys, making some BIG Cash in the foregin exchange doesn’t need to be hard (I used to feel it did). I’ll give you some advice right now. Search a forex system known as Mobofelax Forex System (google it). Seriously, I have earned crazy amounts of money with it. I probably should not even be mentioning it because I do not want a bunch of other guys out there running the same game but whatever, I am in a good mood today so I’ll share the wealth haha.

  3. Allahabad bank is one of the best,truly service oriented
    Bank and customer friendly bank. Moreover the manners of the
    Officers and staff are good.

  4. It is shocking to know that the scheme of Sr.Citizen Saving – i.e. at par of SSSS of Post office in Allahabad Bank are limited with their selective Branches , which is now a little more violation of constitutional provision , for which the Senior Customer & old customer of the Bank are being harassed under this pretext and they are being compelled to Get this facility with Post office by withdrawing their huge money under the scheme.

Leave a Reply

Your email address will not be published.


*