Date:20/08/2008 URL: http://www.thehindu.com/2008/08/20/stories/2008082052991700.htm

Business - Briefly

Canara Bank raises term deposit rates

BANGALORE: Canara Bank has raised the interest rates on domestic term deposits with effect from August 19. On deposits of one year and above to 499 days, the new rate will be 9.75 per cent (9.50 earlier) and for three years and above to less than five years, 9.50 per cent (9 per cent). Senior citizens will be paid 50 basis points above the revised rates. — Special Correspondent