Allahabad Bank revises rate on term deposits

Allahabad Bank has revised interest rates on term deposits of different maturities below Rs 5 crore, with effect from November 15. While the bank has raised interest rates between 25 and 100 basis points in most tenure of maturities, it has slashed interest rate from one to less than two years term deposits from 9.25 per cent to 9.15 per cent.