Canara
Bank raises deposit rates Our
Banking Bureau
15 November 2004
Bangalore:
Canara Bank will increase interest rates on domestic
term deposits by 25 basis points with effect from November
15.
A
bank statement issued in Bangalore on Saturday announced
a new slab of 7-14 days has also been introduced for
single deposits of Rs5 lakh and above,.
The
revised interest rates schedule for deposits for various
maturities are:
7
to 14 days (only for single deposits of Rs five lakh
and above) 3.50 per cent;
15
to 45 days 4.25 per cent (from 4 pc
46
to 90 days 4.50 per cent (4.25 pc);
91
to 179 days 4.75 pc (4.50 pc);
180
days to less than one year 5 pc (4.75 pc);
One
year and above to less than two years 5.25 pc (5 pc);
Bangalore:
Canara Bank will increase interest rates on domestic
term deposits by 25 basis points with effect from November
15.