Allahabad Bank said it had hiked interest rates on domestic term deposits by up to 1.2 percentage points per annum effective Monday. “Bank has decided to revise the interest rate upward up to 1.20 per cent on different maturity on domestic retail term deposits schemes less than Rs.1 crore, with effect from November 4, 2013,” Allahabad Bank said in a statement. The bank, however, did not announce any change in lending rates.

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