Canara Bank raises deposit rates

By Bangalore: | 15 Nov 2004

1

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);
  • Two years and above to less than three years 5.50 pc (5.25 pc),
  • Three years and above 5.75 per cent (5.50 pc).

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