Sunday 20 April 2014
News updated at 1:02 AM IST
Weather
Max: 35.4°C
Min : 22.5°C
In Bangalore
Sunny day

Canara Bank hikes term deposit rates

Bangalore, Dec 11, DHNS:

Canara Bank has raised the domestic term deposit rates across various maturities.

  The rates are up by 125 basis points (bps) for 90 days and 50 basis points for 1 year for all retail term deposits below Rs1 crore. On its special offer of 555 days deposits, the Bank offers rate of 8.30 per cent and for 1000 days deposits the rate is 8.60 per cent with effect from December 13, 2010. The  Bank pays an additional 0.50 per cent interest to senior citizens for deposits of less than 5 years and additional 1 per cent interest for deposits of 5 years and above for deposits of less than Rs 1 crore.

New base rate

Canara bank, has also revised its bench mark prime lending rate (BPLR) upwards by 75 basis points (bps)  from 12.50 per cent  to 13.25 per cent with effect from (w.e.f) December 13. The upward revision in interest rate is applicable to the borrowers under BPLR regime. The Bank has also revised its base rate upwards by 50 bps from 8.50 per cent to 9 per cent  with effect from the same date.


Go to Top

Photo Gallery
Actor-Director Farhan Akhtar along with Rahul Bose and Ronnie Lahiri during the inauguration ...

Actor-Director Farhan Akhtar along with Rahul Bose and Ronnie Lahiri during the inauguration ...

During the extended week end, large number of tourists flock to Amba vilas palace, in Mysore. DH...

During the extended week end, large number of tourists flock to Amba vilas palace, in Mysore. DH...

A farmer trying to drain out water from his wheat field with the help of a bucket after heavy...

A farmer trying to drain out water from his wheat field with the help of a bucket after heavy...

Rickshaw pullers try to keep their balance as they ride past a dust storm in Agartala, Saturday...

Rickshaw pullers try to keep their balance as they ride past a dust storm in Agartala, Saturday...

People drinking coconut water on a hot summer day near VV Mohall, in Mysore. DH photo

People drinking coconut water on a hot summer day near VV Mohall, in Mysore. DH photo

Transgenders celebrate the Supreme Court's verdict recognising transgenders or eunuchs as third...

Transgenders celebrate the Supreme Court's verdict recognising transgenders or eunuchs as third...

School children paint on the body of a tram during the 'World Art day' celebrations in Kolkata on...

School children paint on the body of a tram during the 'World Art day' celebrations in Kolkata on...

Shuttler Saina Nehwal with students at a promotional event in Hyderabad on Saturday. PTI Photo

Shuttler Saina Nehwal with students at a promotional event in Hyderabad on Saturday. PTI Photo

Children participating in the drawing and patinting competition, organised by Manjushri arts and...

Children participating in the drawing and patinting competition, organised by Manjushri arts and...

Police and locals remove rubbles from a vehicle damaged after landslide on Jammu-Srinagar ...

Police and locals remove rubbles from a vehicle damaged after landslide on Jammu-Srinagar ...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523