Allahabad Bank revises interest rate for 500 days tenure

Allahabad Bank, a public sector bank has revised its domestic term deposit interest rates. The rates have been revised of below Rs 1crore and will be effective from 27 September, 2010. For 500 days tenure the interest rate will be 7.50 per cent per annum. The interest rates of the remaining tenures have not been changed. The revised rate will be applicable for fresh deposits and renewal of deposits.