State-owned Canara Bank today raised fixed deposit rates by up to 1% on select maturities.
However, the interest rate has been brought down by 0.5% on one maturity slab (180-269 days) to 7.5% from 8%.
Interest rates on 1-2 years and 3-5 years fixed deposits have been raised by 0.55% to 9.05%, Canara Bank said in a statement.
Fixed deposits between 270 days and 1 year will earn 1% higher interest. The new rate would be 9% against existing rate of 8%, it said.
Interest rate on 5-10 years deposits has been raised by 0.55% to 9.05%.
The new rates would be effective from tomorrow.
