Canara Bank revises BPLR

Posted By: Pti
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Bangalore, Feb 3 (PTI) Public sector Canara Bank hasrevised its Benchmark PLR upwards by 50 bps, from 13.25 percent to 13.75 per cent with effect from tomorrow.

The upward revision in interest rates is applicable to theborrowers under BPLR, a release said.

Further, responding to the market trends and keeping inview the depositors'' interest, the Bank has revised the rateof interest on domestic term deposits effective from tomorrow.

The rates have been increased across several maturities.

The increase is in the range of 25 to 150 basis points.

In addition to this, the Bank has also introduced a 1200days deposit scheme "Canara Samriddhi" offering an attractiveinterest rate of 9.25 per cent for general public and 9.75 percent for Senior Citizens.

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