Canara Bank on Saturday said it has decided to revise interest rates on deposits with effect from May 16.
For 555-days tenor, the bank is offering 9.25 per cent to the general public and 9.75 per cent for senior citizens.
For a one-year period, it is offering 9.10 per cent for the general public and 9.60 per cent for senior citizens.
The bank has also changed its rates for various periods upto 10 years, it said in a release here.
Indian Bank
Indian Bank has raised the interest rates on domestic term deposits for different maturities. According to a release, the rate for 7-14 days and 15-29 day deposits have been raised to 6.25 per cent from 3.50 per cent, for 30-45 days to 6.25 per cent from 4 per cent, for 46-90 days to 6.25 per cent from 5 per cent and for 91-120 days to 7 per cent from 6.25 per cent.
