Canara bank cuts interest rate on Centenary deposit scheme

Bangalore, July 31 (UNI) Canara Bank today announced a half a per cent cut in its centenary special deposit scheme with immediate effect.

The scheme would now be available at nine per cent as against 9.5 per cent earlier, the Bank said in a release here today.

The centenary deposit scheme for a one year term was announced in March 2007 for a limited period.

UNI