Allahabad Bank Fixed Deposit

Allahabad Bank offers fixed deposit accounts for its customers. Allahabad Bank Fixed Deposit accounts are a good way of saving and making.

You can always apply for these fixed deposit accounts online or by going into your nearest branch.

About Allahabad Bank Fixed Deposit Interest Rate Calculator

Allahabad Bank Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:

• The amount that is invested

• The Rate of Interest offered

• The tenure of the Fixed Deposit Account

• The compounding period, that is, yearly, half-yearly, quarterly, or monthly

• The FD Amount

Once entered the following details, an investor will come to know:

• The maturity value of the FD

• The total interest earned during the complete tenure

Allahabad Bank Fixed Deposit Rates

Rates of interest always fluctuate according to the market and the economy. However, Allahabad Bank is known to give quite high rates of interest on fixed deposits. These fixed deposit rates have to conform to the guidelines of the Reserve Bank of India.

Other than that Allahabad Bank Fixed Deposit rates are quite profitable. At any given point of time, you can know the FD rates of Allahabad Bank by a simple inquiry into the nearest branch, or by looking up the online website of the bank.

Allahabad Bank Fixed Deposit Rate

It is advisable to reconfirm the FD Rates from the bank before making any decision based on the data provided below.

For Bulk Deposits – from Rs.2Cr to Rs.5Cr (As on November 10, 2021)

Tenure	General Public FD Rates
7 days to 45 days	2.90%
46 days to 90 days	2.90%
91 days to 180 days	2.90%
181 days to less than 1 year	3.25%
1 year	3.55%
More than 1 year to less than 3 years	3.25%
3 years to 5 years	3.25%
Above 5 years	3.25%

Note: The aforementioned rate of interest applies to the NRE Fixed Deposits as well as W.E.F. 10^th November 2021.

Tax Saver FD

MATURITY PERIOD	DEPOSIT AMOUNT	INTEREST RATE (% p.a.)
		General
IB Tax Saver schemes - 5 Years	Up to Rs. 1 lakh	5.25%

Tax Implications

• The amount invested in Fixed Deposit with a tenure of 5 years with Allahabad Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.
• The applicable tax will be deducted at source, i.e. Allahabad Bank, in case the annual interest earned crosses Rs.10,000.

For NRE Fixed Deposit - less than Rs. 2cr (As on August 05, 2021)

MATURITY PERIOD	DEPOSIT AMOUNT	INTEREST RATE (% p.a.)
1 year	less than Rs. 2cr	5.25
Above 1 year to less than 2 years	less than Rs. 2cr	5.15
2 year to less than 3 years	less than Rs. 2cr	5.15
3 years and above	less than Rs. 2cr	5.15

Note: The above-mentioned FD rates are applicable W.E.F. 05^th August 2021

For NRE Fixed Deposit - Rs. 2cr to 5cr (As on August 05, 2021)

MATURITY PERIOD	DEPOSIT AMOUNT	INTEREST RATE (% p.a.)
1 year	Rs. 2cr to 5crs	4.00
Above 1 year to less than 2 years	Rs. 2cr to 5crs	4.00
2 year to less than 3 years	Rs. 2cr to 5crs	4.00
3 years and above	Rs. 2cr to 5crs	4.00

Note: The above-mentioned FD rates are applicable W.E.F. 05^th August 2021