Allahabad Bank 2024 – The Allahabad Bank FD Calculator is a web-based tool that enables investors to compare and select the best options. It is simple to use and comprehend. The majority of people use fixed deposits to save money and earn a fair amount of interest. This service and other plans related to the Fixed Deposits option are provided by Allahabad Bank. In Allahabad, fixed deposits can be invested for up to ten years by anyone. The Bank must be contacted if one wishes to extend the term beyond ten years.
The Allahabad Bank FD Calculator can be accessed through the bank’s official website. There are a variety of tenure options for fixed deposits, ranging from seven days to five years. The length of time a borrower chooses influences the interest rates they pay. To build an FD portfolio, Allahabad Bank provides a wide range of adaptable options and competitive interest rates. The Allahabad Bank FD Calculator aids in this study and analysis of the various options in accordance with the requirements of the user.
Allahabad Bank 2024
Allahabad Bank which has converged with Indian Manage an account with impact from 24 August2022. You can open a common store with the bank for a period that reaches between a half year and 10 years, with the loan fee offered being very appealing. A record can be opened for a base regularly scheduled payment of Rs.100 and it accompanies credit, dispossession, and selection offices. Allahabad Bank 2024 offers fixed stores with alluring financing costs going from 2.80% p.a. to 6.50% p.a. for residencies going from 7 days to over 5 years. Senior residents are offered 0.50% extra loan cost per annum on stores of up to Rs.10 crore.
Allahabad Bank 2024 Details
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Allahabad Bank FD: Special Features
- Any spouse or family member can be nominated to receive the final payment through the nomination facility.
- The minimum deposit period is seven days, and the maximum is ten years.
- A one-year deposit of Rs 25,000 is required as an initial deposit.
- All Allahabad Bank 2024 FD schemes offer competitive interest rates, and depositors can withdraw money in multiples of Rs 5,000 at any time during the deposit period.
- There are also quick and easy liquidity options.
- Upon account maturity, auto-renewal is available. Depending on your preference, you can get interested monthly, quarterly, or annually.
Check Also-IDFC Bank 2024 Interest Rate For FD
Allahabad Bank FD Rates Below Rs. 2 crore
The interest rates for deposits below Rs.2 crore are as given below:
| Tenure Bracket | Regular FD rates (p.a.) | Senior Citizens FD rates (p.a.) |
| 7 to 14 days | 2.80% | 3.30% |
| 15 to 29 days | 2.80% | 3.30% |
| 30 to 45 days | 3.00% | 3.50% |
| 46 to 90 days | 3.25% | 3.75% |
| 91 to 120 days | 3.50% | 4.00% |
| 121 to 180 days | 3.85% | 4.25% |
| 181 days to less than 9 months | 4.50% | 5.00% |
| 9 months to less than 1 year | 4.75% | 5.25% |
| 1 year | 6.10% | 6.60% |
| 1 year 1 day to less than 2 years | 6.30% | 6.80% |
| 2 years to less than 3 years | 6.50% | 7.00% |
| 3 years to less than 5 years | 6.25% | 6.75% |
| 5 years | 6.25% | 6.75% |
| More than 5 years | 6.10% | 6.60% |
Read More- ICICI Bank 2024 Interest Rate For FD
Allahabad Bank Bulk Term FD rates: Rs.2 crore to Rs.5 crore
The interest rates for the bulk term deposits are as given below:
| Tenure Bracket | Regular FD rates (p.a.) | Senior Citizens FD rates (p.a.) |
| 7 to 14 days | 2.90% | 3.40% |
| 15 to 29 days | 2.90% | 3.40% |
| 30 to 45 days | 2.90% | 3.40% |
| 46 to 90 days | 3.10% | 3.60% |
| 91 to 120 days | 3.10% | 3.60% |
| 121 to 180 days | 3.60% | 4.10% |
| 181 days to less than 9 months | 4.50% | 5.00% |
| 9 months to less than 1 year | 6.25% | 6.75% |
| 1 year | 6.70% | 4.05% |
| 1 year 1 day to 2 years | 6.65% | 3.75% |
| 2 years to less than 3 years | 6.10% | 3.75% |
| 3 years to less than 5 years | 6.00% | 3.75% |
| 5 years | 6.00% | 3.75% |
| More than 5 years | 6.00% | 4.00% |
Advantages of Allahabad Bank FD Calculator
The Allahabad Bank FD Calculator is a useful tool for students and investors to learn about various investment strategies and choose an appropriate investment. It saves the time and effort required to visit banks, gather information, and research the current rates that are in effect, as well as the tiresome manual calculations. The Bandhan Bank FD calculator takes into account all of the necessary factors and presents an understandable final result. It is simple to use and accessible through a number of online portals. TDS factors are also taken into account. The investor can use the calculator to perform the analysis and learn more about the investment he will make while getting precise results.
Also Read- Axis Bank 2024 Interest Rate For FD
Tax benefits on Allahabad bank fixed deposit
Allahabad Bank 2024 offers a term deposit plan with a minimum lock-in period of five years for “Single holder Type Deposits” and “Joint holder Type Deposits” for tax savings. Tax saving deposits don’t allow for early withdrawals, and the interest rate is 8.75 percent annually. This applies to individuals, minors, and HUFs. Under section 80C of the Income Tax Act of 1961, you can take advantage of tax benefits by enrolling in this fixed-deposit plan.
However, it is essential to keep in mind that, regardless of FD tenure, the tax imposed on fixed deposits is determined by your tax bracket. The bank will deduct 10% of the interest earned on your fixed deposit if it is greater than Rs 10,000. Upon deduction, the bank will provide a TDS certificate.
How To Use Allahabad Bank FD Calculator Through KSOU?
The Allahabad Bank Calculator’s KSOU Allahabad Bank FD Interest Calculator makes use of the same data and follows the same procedure. Investors can use it to find the best investment option by comparing rates and options. The steps are simple enough that anyone can easily follow them. Go to the KSOU portal and select the FD Calculator option from the Fixed Deposit Calculator tab to access the KSOU Allahabad Bank FD Calculator. The duration of the deposit, the principal amount, the type of investment, and the method of payout should all be filled in after this. When you tap the continue button, the rate will be applied automatically and the result will be shown. The depositor can use this fixed deposit calculator as many times as necessary to select the best investment strategy.
What is the Operation of an Allahabad Bank FD Calculator?
Allahabad Bank offers numerous choices to meet the needs and preferences of investors. The investment’s appropriate tenure, interest rates, deposit amount, and final yield must all be known to the investor. If the Income Tax Act of 1961 is followed, tax deductions can also be taken advantage of.
Interest rates on Fixed Deposits differ for NRIs and domestic customers. Additionally, the investor’s or depositor’s age is a significant factor. The interest rate is higher for seniors. The FD Calculator’s various tenures and interest rates are shown in the table below:
How Can Fixed Deposit Calculator Help?
Investors can deposit money into various schemes and options offered by banks to earn a reasonable interest rate. Investors frequently experience confusion and struggle to select a suitable option. The FD Calculator can be used to comprehend the fixed deposit model.
The Allahabad Bank FD Calculator makes it simple to enter the necessary information to calculate the yield amount. It conducts an accurate analysis of all of the provided data. An investor can make a sound decision by comparing the various deposit amounts and yields. The Allahabad Bank FD Calculator is extremely user-friendly. It doesn’t take much effort to get help from it, even if you’re not a specialist.
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