Allahabad Bank revises Benchmark Prime Lending Rate

Allahabad Bank, one of the leading nationalized banks of the country, has decided to reduce its Benchmark Prime Lending Rate by 25 basis points from the present 12.50% to 12.25% with effect from 1st April, 2009 in consideration of present market scenario and other relevant factors. The Bank has also decided to simultaneously re-align interest rates for Term Deposits for various maturities effective from 01.04.2009.

Publicity Department
27.03.2009