Rajnath Singh refuses to pinpoint blame about 'rumours' on son

Rajnath Singh refuses to pinpoint blame about 'rumours' on son

There has been some reports of Rajnath Singh's son being ticked off by PM Narendra Modi...
New Flight MH 370 theory

New Flight MH 370 theory

Malaysia Airlines Flight MH370 may have turned south earlier than previously thought

Canara Bank to raise FD rates from today

Jan 18 2007, 00:00 IST
Comments 0

To attract more deposits to meet the growing credit needs, Canara Bank will raise fixed deposit rates by 0.50 to 1% from tomorrow.

Deposits of less than Rs 15 lakh with a maturity of 180 days and more would fetch higher interest rates. Bulk domestic deposits of more than Rs 15 lakh to Rs 2 crore with a maturity of 91 days and above, would also draw higher interest rates, a statement by the bank said today.

The bank said deposits of less than Rs 15 lakh with the maturity of 180 days to less than one year would get 7% interest rate against the current 6%, while those with maturity of one year to less than two years would receive 1% more interest rate at 8%. Deposits of two years and above would fetch 8.50% interest rates. Banks are under pressure to meet liquidity requirement, particularly after the Reserve Bank raised CRR by 0.50 %, which sucked out Rs 13,500 crore from the system.

óPTI

TAGS:
Ads by Google

More from Money & Banking

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...