What is the FD interest rate in Allahabad Bank?

Allahabad Bank FD rates: Below Rs. 2 crore

Tenure	Interest Rates (p.a.)
91 – 180 days	3.95%
181 days – less than 1 year	4.40%
1 year	5.00%
Above 1 year to less than 3 years	5.10%

What is FDR in fixed deposit?

What is a Fixed Deposit Receipt? A Fixed Deposit Receipt (FDR) is nothing but a document provided by the bank after the applicant procures a fixed deposit scheme from their bank.

How can I get fixed deposit in Allahabad Bank?

Documents required to open Allahabad bank FD account

Identity proof. Passport. PAN card. Voter ID card. Driving licence. Government ID card. Photo ration card. Senior citizen ID card.
Address proof. Passport. Telephone bill. Electricity bill. Bank Statement with Cheque. Certificate/ ID card issued by Post office.

Is FDR same as FD?

The amount of the investor’s investment is called the deposit amount. An FDR contains the amount of deposit. The value date is the date on which the FD starts. A fixed deposit receipt will also include the start date of the FD.

What is the interest of 1 lakh in Allahabad Bank?

Tax Saver FD (Max Deposit – 1 LPA)

MATURITY PERIOD	DEPOSIT AMOUNT	INTEREST RATE (% p.a.)
General
IB Tax Saver schemes – 5 Years	Up to Rs. 1 lakh	5.15%

What is FDR number in HDFC?

FDR or FDA is a piece of document provided to a Fixed Deposit holder on opening an FD account. This half a page document is an important record of all the details of your Fixed Deposit and details of the FD holder. It is a proof of ownership for the FD holder or holders.

What is Union bank FDR?

Fixed Deposit Receipt (FDR) Any Resident Individual – Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Blind persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc.

How can I break FD in Allahabad bank online?

How to close Allahabad Bank Account Fixed Deposit Account?

(1) Fill up the FD Account Closure Form or Fixed Deposit Liquidation form of Allahabad Bank Account.
(2) Attach your KYC (Know Your Customer) Documents.
(3) Submit FD Certificate or FD Receipt.

What is RD in banking?

A recurring deposit means making regular deposits. It is a service provided by many banks where people can make regular deposits and earn decent returns on their investments.

What is the minimum balance in Allahabad Bank?

The minimum balance to open an account in rural and sub-urban branches is Rs. 500. The minimum balance to open an account in all other branches is Rs. 1,000.

Does fixed deposit double in 5 years?

Fixed Deposit: Currently, banks are offering an interest rate of around 6.25 per cent per annum on deposits with a maturity period of more than five years. With a maturity period of 113 months, your money gets you double the investment in nine-and-a-half years.

What is the interest rate of Allahabad Bank medium-term FD?

Allahabad Bank Medium-term FD Interest Rates 1 Highest rate of interest: 6.50% p.a. 2 Range of interest rates: 6.25% p.a. to 6.50% p.a. 3 Range of tenure: 1 year to 5 years

What are the FD schemes available with Allahabad Bank?

The following FD schemes are available with Allahabad Bank: Allahabad Bank offers loan against FD facility. Allahabad Bank offers nomination facility on FDs. What is the highest and lowest rate of interest on FD schemes by the Allahabad bank? What is the minimum deposit amount for Allahabad Bank FD?

Is Allahabad Bank good for investing in fixed deposits?

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.

What is the history of Allahabad Bank?

Allahabad Bank was established in 1865 with its headquarters in Allahabad, Uttar Pradesh. On 30th August 2019, the Ministry of Finance announced that the bank would be merged with the Indian Bank. The latter acquired Allahabad Bank on 1st April 2020 to become the 7th largest public sector bank in the country.