Canara Bank hikes FD interest rates on select durations

Posted By:
Subscribe to GoodReturns

Canara Bank hikes FD interest rates on select durations
Canara Bank: Quotes, News
BSE 341.70BSE Quote1 (0.29%)
NSE 340.30NSE Quote2.35 (0.69%)
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
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'