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 1 March 2019. Below are the latest fixed deposit rates for the amount below and above 1 crore.
Table for Allahabad Bank Fixed/Term Deposit Interest Rates (March 2019):
| Time Period | Interest Rate For Amount Below 2 Crore | Interest RateFor Amount Above 1 Crore |
| 7 Days to 14 Days | 5.00% | 4.45% |
| 15 Days to 30 Days | 5.00% | 4.45% |
| 31 Days to 45 Days | 5.25% | 4.70% |
| 46 Days to 60 Days | 5.50% | 5.45% |
| 61 Days to 90 Days | 6.00% | 5.75% |
| 91 Days to 180 Days | 6.25% | 4.00% |
| 181 Days to 270 Days | 6.50% | 4.00% |
| 271 Days to 1 Year | 6.50% | 4.00% |
| 1 Year | 6.75% | 4.00% |
| 1 Year to 2 Years | 6.75% | 4.00% |
| 2 Years to 3 Years | 6.60% | 4.00% |
| 3 Years to 5 Years | 6.50% | 4.00% |
| 5 Years to 10 Years | 6.50% | 4.00% |
| Above 10 Years | 6.50% | 4.00% |
NRE Fixed/Term Deposit Interest rates (March 2019):
| Period | Interest Rates |
|---|---|
| 1 Years to 2 Years | 6.75% |
| 2 Years to 3 years | 6.60% |
| 3 Years to 5 Years | 6.50% |
| 5 Years to 10 Years | 6.50% |
Calculator Maturity with FD Calculator
Important Notes:
- For Allahabad Bank Domestic, NRE & NRO saving accounts, Interest Rates is 3.50% for balance less than 40 lacs and 4% for amount above 40 lacs.
- For NRO deposits, the fixed deposit rates are the 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% per annum interest rates will be given for 5-year term deposits.
- Money withdrawal before 5 years is not allowed.
- The deposit can be transferred from one branch to other, but it is not possible to transfer money to other banks.
Updated: 8 March, 2019
Source: https://www.allahabadbank.in/english/Deposit_Schemes.aspx
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.
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.
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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.
Allahabad bank provides Best interest rates in India.
Friends Colony Nagpur branch ,customer service regarding DDP take long time/2-3 days
AB/khardah, kol-116 performance is very poor. All activities take long time/several days.