Allahabad Bank Raises Deposit Rates by 2.25%  Allahabad Bank on Monday raised fixed deposit rates across various maturities by up to 225 bps. The bank has decided to revise the interest rate ranging from 25 bps to 225 bps on various term deposits, it informed BSE. The new rates on FDs below . 5 crore will be effective from June 9. Deposits for 7-14 days will now attract 4% rate, instead of 2.5% earlier. On the other hand, it will offer 9% for deposits between 1 year to less than 3 years, the maximum in the new rate structure