Press Esc to close
Thursday 03 September 2015
News updated at 12:06 AM IST
Weather
Max: 34°C
Min : 21°C
In Bengaluru
Partially cloudy

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
Kashmiri women carry grass as they walk through the fields on the outskirts of Srinagar...

Kashmiri women carry grass as they walk through the fields on the outskirts of Srinagar...

Social activist Nafisa Ali showing her support to Ex-servicemen...

Social activist Nafisa Ali showing her support to Ex-servicemen...

Students from Manipur shout slogans during protest against recent violence in Manipur...

Students from Manipur shout slogans during protest against recent violence in Manipur...

School children dress up as lord Krishna during a fancy dress competition...

School children dress up as lord Krishna during a fancy dress competition...

Launch of Land Rover Discovery Sport in Mumbai...

Launch of Land Rover Discovery Sport in Mumbai...

Launch of the World's slimmest tablet 'Galaxy Tab S2' ...

Launch of the World's slimmest tablet 'Galaxy Tab S2' ...

People ride a boat across flood waters in Kaziranga National Park on Wednesday...

People ride a boat across flood waters in Kaziranga National Park on Wednesday...

All India Bandh for various demands  in Bengaluru on Wednesday...

All India Bandh for various demands in Bengaluru on Wednesday...

Kannada Chaluvali Vatal Party President Vatal Nagaraj staging protest...

Kannada Chaluvali Vatal Party President Vatal Nagaraj staging protest...

Police personnel march in a street during the nationwide strike called up Trade Union workers to...

Police personnel march in a street during the nationwide strike called up Trade Union workers to...

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