Canara Bank increases inerest rates on Term Deposits

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Bangalore Oct 7 (UNI) Public sector Canara Bank today announced revision of its interest rates on Domestic Term deposits for the period ranging from 91 days and above two years with effect from October 10.

The revised interest rate for the period 91 days and above to 179 days has been risen to 7.50 per cent from Seven per cent, according to a press release from the bank.

The interest rate for the tenure of 180 days and above to less than one year has been hiked to 8.75 per cent from 8.25 per cent.

The rates for deposits for one year and above to 499 days would be up by 0.25 to 10 per cent from 9.75 per cent.

The term deposits for 500 days and above to two years the rate had risen to 10.50 per cent from 10 per cent.

The bank would be offering 0.50 per cent more for senior citizens on the revised rates.


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