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Canara
Bank NRE, term deposit rates cut
 Our Banking Bureau
30 March 2002
Bangalore: Canara
Bank has dropped the interest rates on NRE and domestic term
deposits by 0.25 per cent (25 basis points).
A bank release issued
here said the reduction will take effect from the beginning of the
next financial year. As a result of the changes, the new rates for
deposits up to 45 days is 4.75 per cent. For three years and above
the rates applicable are 8 per cent.
For senior citizens, the
rates for deposits up to three years are 6.5  per
cent, and for tenors above three years it is 8 per cent.
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