Central bank ups deposit rates
Chandigarh: Central Bank of India has announced an upward revision of domestic term deposit rates by 25 to 75 basis points with immediate effect on new deposits and renewal of maturing deposits, a bank release said.

The bank has revised the 15-45 days rate from 4.25 to 4.50 per cent, 46-90 days from 4.50 to 4.75 per cent, 91-179 days from 4.5 to 5.25 per cent, 180 days to less than one year from 5 to 5.75 per cent, 1 to 3 years from 5.25 per cent to 6 per cent, over 3 years to 5 years from 5.25 per cent to 5.75 per cent and over five years from 5 to 5.50 per cent.

The bank also announced that bulk deposits of Rs 15 lakh and above at 4 per cent interest for 7 to 14 days would remain unchanged, the release said.
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Canara Bank raises interest rates
Bangalore: Canara Bank is increasing interest rates on domestic term deposits by 25 basis points with effect from November 15.
A new slab of 7-14 days has also been introduced for single deposits of Rs5 lakh and above, a bank statement said.
The revised interest rates schedule for deposits for various maturities is:

• 7 to 14 days (only for single deposits of Rs5 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);
  
• from one year and above but less than two years 5.25 pc (5 pc);
  
• two years and above but less than three years 5.50 pc (5.25 pc),
  
• from three years and above 5.75 per cent (5.50 pc).

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