REVISED RATES OF INTEREST ON SAVINGS BANK ACCOUNTS AND INTRODUCTION OF ADDITIONAL SLAB OF RS.1000 CR & ABOVE!
Chennai, 03rd March, 2021:Canara Bank, a leading Public Sector Bank, has revised the rates of Interest and introduced Additional slab for Rs 1,000 Cr and above, for Saving Bank deposits, with higher rates of interest,
The slab-wise revised rates of interest for Savings Bank Deposits (Domestic/NRE/NRO)
S. NO SLABS ROI (%)
1 For outstanding Balance of less than Rs. 50 Lakh 2.90
2 For outstanding Balance of Rs. 50 Lakh to less than Rs 100 Cr 2.90
3 For outstanding Balance of Rs. 100 Cr to less than Rs 300 Cr 3.05
4 For outstanding Balance of Rs. 300 Cr to less than Rs 500 Cr 3.05
5 For outstanding Balance of Rs 500 Cr to less than Rs 1000 Cr 3.35
6 For outstanding Balance of Rs 1000 Cr & above 3.50
About Canara Bank:
Widely known for customer centricity, Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port town in Karnataka. Canara Bank is the third largest public sector bank in the country. The Bank has gone through various phases of its growth trajectory over the hundred years of its existence. The growth of Canara Bank is phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. In June 2006, the Bank completed a century of operation in the Indian banking industry. The eventful journey of the Bank has been characterized by several memorable milestones. Today, Canara Bank occupies a premier position in the comity of Indian banks.
