For Quick Alerts
For Daily Alerts

Canara Bank hikes FD interest rates on select durations

Canara Bank hikes FD interest rates on select durations
Canara Bank: Quotes, News
BSE 201.60BSE Quote11.8 (5.85%)
NSE 201.60NSE Quote11.75 (5.83%)
Canara Bank has increased fixed deposit rates upto 1% on various tenures, while slashing interest rate by 0.5% for maturity between 180 to 269 days to 7.5% from 8%.

Interest rates on 1-2 years and 3-5 years fixed deposits have been raised by 0.55% to 9.05%, Canara Bank said in a statement.

Similarly, fixed deposits between 270 days and 1 year will gain 1% higher interest. The new rate would be 9% against existing rate of 8 per cent, it said.

Canara Tax Saver Deposit scheme will earn interest rate of 9.05% for the tenure of 5 years.

The revised interest rates are with effective from Jan 18, 2013.

Shares of the bank were seen trading at Rs 525, higher by 0.91% on BSE at 10.20 am IST.

Read more about: canara bank interest rates
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more