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.