Allahabad Bank has come up with a lucrative offer for the citizens of India. Now the customers can enjoy some attractive returns on their fixed deposit products which they can avail from different tenors. According to the changes in the internal liquidity requirements and market rates, the interest rates may vary with different schemes, and you can know the updated information at loanbaba.com.
It will be hard for those who want to invest their savings in some profitable products due to varying changes in the FD India rates thus you must know the recent rates.
|Tenure||Regular FD Rates||Senior Citizen FD Rates|
|7 - 14 days||4.00%||4.00%|
|15 - 29 days||4.00%||4.00%|
|30 - 45 days||4.50%||4.50%|
|46 - 60 days||5.50%||5.50%|
|61 - 90 days||6.00%||6.00%|
|91 - 179 days||6.00%||6.00%|
|180 - 269 days||6.25%||6.25%|
|270 days to less than 1 year||6.50%||6.50%|
|1 year to less than 2 years||6.75%||6.75%|
|2 years to less than 3 years||6.75%||6.75%|
|3 years to less than 5 years||6.50%||6.50%|
|5 years to 10 years||6.50%||6.50%|
It starts with 5.5% for tenure of 30 days and is best suitable for those who require near-term liquidity. Moreover, for the tenures of two and three month term deposit, the returns can be increased to 6.5% and similarly, for the tenure of six and nine months, it can be further increased to 7.25%.
For the tenure between one to three years, the best fixed deposit rates start from 7.75%. However, there has been a sudden decrease of 0.25% in the returns for the tenure of three to five years and is currently 7.50%.
All the rates are same for the senior citizens as well.
Kindly Note: The interest rates mentioned which is compounded quarterly, is on a yearly basis.