Press Esc to close
Thursday 23 October 2014
News updated at 12:49 PM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
Sunny day

Canara Bank hikes term deposit rates

Last updated: 11 December, 2010
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
Armed RCMP officers head in to Centre Block on Parliament Hilll following a shooting incident...

Armed RCMP officers head in to Centre Block on Parliament Hilll following a shooting incident...

The Conservative Party caucus room is shown shortly after shooting began on Parliament Hill...

The Conservative Party caucus room is shown shortly after shooting began on Parliament Hill...

Police teams enter Centre Block at Parliament Hill in Ottawa on Wednesday...

Police teams enter Centre Block at Parliament Hill in Ottawa on Wednesday...

Police and paramedics tend to a soldier shot at the National Memorial near Parliament Hill...

Police and paramedics tend to a soldier shot at the National Memorial near Parliament Hill...

A major fire that broke out in the crackers market in Faridabad...

A major fire that broke out in the crackers market in Faridabad...

On the eve of Diwali Renowned sand artist Sudarsan Pattnaik created a sand sculpture of Kali...

On the eve of Diwali Renowned sand artist Sudarsan Pattnaik created a sand sculpture of Kali...

Indian passengers rest on a crowded platform ahead of Diwali, the Hindu festival of lights...

Indian passengers rest on a crowded platform ahead of Diwali, the Hindu festival of lights...

Indian soccer player Peter Biaksangzuala, center, performs flips as he celebrates a goal...

Indian soccer player Peter Biaksangzuala, center, performs flips as he celebrates a goal...

Woman buying earthen lamps at a market ahead of the Diwali festival...

Woman buying earthen lamps at a market ahead of the Diwali festival...

School children paint their faces during Diwali celebrations...

School children paint their faces during Diwali celebrations...

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