Canara Bank Interest Rates w.e.f. 11.09.2012

Tuesday, September 11, 2012 | comments

NATURERATE OF INTEREST (%) p.a.MINIMUM BALANCE
ACCOUNTNORMALSENIOR CITIZENRuralSemi UrbanUrban
1. SAVINGS BANK A/C
A. Domestic
w.e.f. 03-05-2011
4.00%4.00%
a. With cheque Book facilityRs.500/-Rs.500/-Rs1000/-
b. Without cheque book facilityRs.100/-Rs.100/-Rs.500/-
c. No Frills AccountRs.25/-Rs.25/-Rs.25/-
d. SB Canchamp deposit Scheme:                                                              4.00% p.a.
CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE:      Rs. 20/- per month
B.Non Resident
a. NRO (03-05-2011)4.00%4.00%
b. NRE (03-05-2011)4.00%4.00%


2. TERM DEPOSITS
A. DomesticRate of Interest (%) p.a.
For Deposits less than Rs.15 lakh
w.e.f.11.09.2012
Term Deposits (All Maturities)General PublicSenior Citizen
Rate of
Interest (% p.a)
Annualised
Interest yield **
Rate of
Interest (% p.a)
Annualised
Interest yield **
7 days to 14 days *4.004.004.504.50
15 days to 30 days4.504.505.005.00
31 days to 45 days4.504.505.005.00
46 days to 90 days7.007.007.507.50
91 days to 179 days7.257.257.757.75
180 days to 269 days8.008.088.508.59
270 days to less than 1 year8.008.168.508.68
1 year & above to less than 2 years8.508.779.009.31
2 years & above to less than 3 years8.509.169.009.74
3 years & above to less than 5 years8.509.579.0010.20
5 years & above to less than 8 years8.5010.469.0011.21
8 years & above to 10 years8.5012.009.0012.98
* Rates are applicable only for single deposit of Rs.5 lakhs & above.
** Approximate Annualized Yield in % terms at the beginning of the slab.


2. TERM DEPOSITS
A. DomesticRate of Interest (%) p.a.
For Deposits Rs.15 lakh & above to less than Rs.1 crore
w.e.f.11.09.2012
Term Deposits (All Maturities)General PublicSenior Citizen
Rate of
Interest (% p.a)
Annualised
Interest yield **
Rate of
Interest (% p.a)
Annualised
Interest yield **
7 days to 14 days *4.004.004.504.50
15 days to 30 days4.504.505.005.00
31 days to 45 days4.504.505.005.00
46 days to 90 days7.007.007.507.50
91 days to 179 days7.257.257.757.75
180 days to 269 days8.008.088.508.59
270 days to less than 1 year8.008.168.508.68
1 year & above to less than 2 years8.508.779.009.31
2 years & above to less than 3 years8.509.169.009.74
3 years & above to less than 5 years8.509.579.0010.20
5 years & above to less than 8 years8.5010.469.0011.21
8 years & above to 10 years8.5012.009.0012.98
* Rates are applicable only for single deposit of Rs.5 lakhs & above.
** Approximate Annualized Yield in % terms at the beginning of the slab.


2. TERM DEPOSITS
A. DomesticRate of Interest (%) p.a.
For Deposits Rs.1 crore & above ***
w.e.f.11.09.2012
Term Deposits (All Maturities)General PublicSenior Citizen
Rate of
Interest (% p.a)
Annualised
Interest yield **
Rate of
Interest (% p.a)
Annualised
Interest yield **
7 days to 14 days *4.004.004.504.50
15 days to 30 days4.504.505.005.00
31 days to 45 days4.504.505.005.00
46 days to 90 days7.507.508.008.00
91 days to 179 days7.507.508.008.00
180 days to 269 days8.008.088.508.59
270 days to less than 1 year8.008.168.508.68
1 year & above to less than 2 years8.508.779.009.31
2 years & above to less than 3 years8.509.169.009.74
3 years & above to less than 5 years8.509.579.0010.20
5 years & above to less than 8 years8.5010.469.0011.21
8 years & above to 10 years8.5012.009.0012.98
* Rates are applicable only for single deposit of Rs.5 lakhs & above.
** Approximate Annualized Yield in % terms at the beginning of the slab.
*** Contact the nearest branch for deposits of Rs.1 crore and above.
Senior Citizens are not eligible for additional interest rate for their Recurring Deposits, Capital Gains Account Scheme and NRO term deposits. (i.e, interest rates as applicable to General Public be offered)

PENALTY:
The Bank imposes a penalty of 1.00% for premature closure/part withdrawal/premature extension of Domestic term deposits.


NON RESIDENT ACCOUNTS
a. NRO – all maturitiesSame as applicable to Domestic Term Deposits
b. NRE –Term depositsRate of interest (%) per annum w.e.f.11.09.2012
Period of DepositFor less than
Rs.15 lakh
Rs.15 lakh &
above to
less than Rs.1 crore
Rs.1 crore
& above
Rate of Interest
(% per annum)
Rate of Interest
(% per annum)
Rate of Interest
(% per annum)
1 year & above to less than 2 years8.508.508.50
2 years & above to less than 3 years8.508.508.50
3 years & above to less than 4 years8.508.508.50
4 years & above to less than 5 years8.508.508.50
5 years & above to less than 6 years8.508.508.50
6 years & above to less than 7 years8.508.508.50
7 years & above to less than 8 years8.508.508.50
8 years & above to less than 9 years8.508.508.50
9 years & above to less than 10 years8.508.508.50
10 years8.508.508.50
Effective Annualised Interest Yield (Indicative only):
We give below the Effective Annualized rates of return on Bank’s Cumulative Deposit Schemes, Re-investment Deposit Plan (Kamadhenu Deposit), on quarterly compounding basis (% p.a) :
NON RESIDENT ACCOUNTS
a. NRO – all maturitiesSame as applicable to Domestic Term Deposits
b. NRE –Term depositsRate of interest (%) per annum W.e.f.11.09.2012
Period of DepositFor less than
Rs.15 lakh
Rs.15 lakh & above
to less than Rs.1 crore
Rs.1 crore & above
Rate of Interest
(% per annum)
Annualised
Interest Yield
Rate of Interest
(% per annum)
Annualised
Interest Yield
Rate of Interest
(% per annum)
Annualised
Interest Yield
1 year & above to less than 2 years8.508.778.508.778.508.77
2 years & above to less than 3 years8.509.168.509.168.509.16
3 years & above to less than 4 years8.509.578.509.578.509.57
4 years & above to less than 5 years8.5010.008.5010.008.5010.00
5 years & above to less than 6 years8.5010.468.5010.468.5010.46
6 years & above to less than 7 years8.5010.948.5010.948.5010.94
7 years & above to less than 8 years8.5011.458.5011.458.5011.45
8 years & above to less than 9 years8.5012.008.5012.008.5012.00
9 years & above to less than 10 years8.5012.588.5012.588.5012.58
10 years8.5013.198.5013.198.5013.19


FCNR ( B )
w.e.f.01/09/2012
(Interest rate percent per annum)
CURRENCY OF DEPOSITSPERIOD OF DEPOSIT
1 Year & above but less than 2 years2 years & above but less than 3 years3 years onlyAbove 3 years but less than 4 years4 years & above but less than 5 years5 Years
USD
3.03
2.42
3.50
3.50
3.66
3.87
GBP
3.41
2.80
3.83
3.83
3.92
4.07
EUR
2.75
2.51
3.64
3.64
3.79
3.98
CAD
4.04
3.42
4.49
---
AUD
6.48
5.15
6.21
---
* · FCNR (B) deposits in currencies in Canadian Dollars (CAD) & Australian Dollars (AUD) can only be accepted upto three years.
RFC DEPOSITS
w.e.f.01/09/2012
[Interest rate   percent per annum]
PERIOD OF DEPOSITCURRENCY OF DEPOSITS
USDGBPEURCADAUD
SAVINGS BANK   (September 2012)NILNILNILNIL1.75
1 week & above but less than 1 monthNIL
0.15
NIL
0.60
2.80
1 month & above but less than 3 monthsNIL
0.42
NIL
0.67
3.15
3 months & above but less than 6 months
0.12
0.67
0.13
0.82
3.79
6 months & above but less than 1 year
0.48
0.65
0.03
1.09
3.88
1 year & above but less than 2 years
3.03
3.41
2.75
4.04
6.48
2 years & above but less than 3 years
2.42
2.80
2.51
3.42
5.15
3 years only
3.50
3.83
3.64
4.49
6.21
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