Canara Bank launches Mobile Banking Platform CanMobile

Indian Banks are leveraging the IT services to the full extent, it has made banking a lot user friendly, swift and the best is the fact that it is no more esoteric. Out of a lot of features the one that has come up with brilliant outputs is the ‘Mobile Banking Service’.

Recently Canara Bank launched its Mobile Banking platform, on the occasion the Deputy Governor of the Reserve Bank of India Shyamala Gopinath appealed from the banks that are left behind in the development to buck up and to start providing this service to the customers.

Canara Bank has christened the service as CanMobile, through which the bank customers can carry out various banking operations 24*7 at that too on their own through their mobiles. Customers can transfer up to Rs. 50,000 from their bank account to another in one day.

Canara Bank takes total branch count up by 35

Canara Bank is going to take the total number of branches to 3212 as the bank plans to inaugurate 35 more branches across the country. Apart from such an impressive branch count the bank also serve its customers through more than 2000 ATMS.

Besides the expansion plan the bank has also introduces a new deposit scheme with a maturity period of 1200 days known as ‘Canara Samriddhi’, under which the bank is offering an interest rate of 9.25 percent to the general citizens and 9.75 citizens to the senior citizens.

Also, the bank is offering an interest rate of 10.50 percent to the senior citizens on an investment for a maturity period of 8 to 10 years.

Canara Bank hikes BPLR by 50 basis points

Canara Bank has announced a raise in the Benchmark Prime Lending Rates (BPLR) offered by the bank. The lender raised the BPLR by 50 basis points, now the rates stands at 13.75 percent.

The bank has also revised the deposit rates across various maturities. The increment in the deposit rates ranges from 25 to 125 basis points. It also launched a new deposit scheme “Canara Samriddhi” with a maturity period of 1200 days that offers 9.25 percent interest rates to the general citizens and an extra of 0.75 percent interest rate to the senior citizens.

The new rates are applicable from today itself.Canara Bank has announced a raise in the Benchmark Prime Lending Rates (BPLR) offered by the bank. The lender raised the BPLR by 50 basis points, now the rates stands at 13.75 percent.

The bank has also revised the deposit rates across various maturities. The increment in the deposit rates ranges from 25 to 125 basis points. It also launched a new deposit scheme “Canara Samriddhi” with a maturity period of 1200 days that offers 9.25 percent interest rates to the general citizens and an extra of 0.75 percent interest rate to the senior citizens.

The new rates are applicable from today itself.