Allahabad Bank revises Base Rate and BPLR

Allahabad Bank, one of the leading nationalized banks of the country, has decided to revise its Base Rate alongwith the Benchmark Prime Lending Rate (BPLR) upwards by 50 basis points. In consideration of changes in the interest rate scenario and other relevant factors, the Base Rate of the Bank will now be 10.00% up from 9.50% and the BPLR will be 14.25% up from 13.75%. The revision will be effective from 6th May, 2011.

The existing customers of the Bank will have the option to switch from BPLR to the Base Rate whenever they so desire for which no fee would be charged.

Publicity Department
Head Office
Kolkata
5th May, 2011