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Canara Bank revises Interest Rates

Posted on Jan 17, 10:12PM | UNI

Public leder Canara Bank today announced revision of interest rates on Domestic/NRO/NRE term deposits of less than Rs 15 lakhs with effect from tomorrow.

The revised interest rate for various maturity slabs are as under: Maturity slabs Interest Domestic/NRO Term Deposits NRE Term 180 days to 269 days 7.50 270 days to less than 1 year 9.00 1 year to 10 years 9.05 Additional interest of 0.50pc is extended to Senior Citizens for their Domestic term Deposits.

With effect from 18.01.2013, Canara Tax Saver Deposit, a tax saving instrument u/s 80c fetches interest as under: Period Rate of Interest (pc ) p.a 5 years 9.05