Central Bank of India NRI Account Interest Rate

Central Bank of India NRI Account Interest Rate

Widely known for customer centricity, Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port town in Karnataka. The Bank has gone through the various phases of its growth trajectory over hundred years of its existence. Growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. Eighties was characterized by business diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry. The eventful journey of the Bank has been characterized by several memorable milestones. Today, Canara Bank occupies a premier position in the comity of Indian banks. With an unbroken record of profits since its inception, Canara Bank has several firsts to its credit. 

DEPOSITS:-

 DOMESTIC TERM DEPOSITS

Maturity Period

Rates for Deposits less than Rs.1 Crore

Rates For Deposits  1 Cr  to  Rs.10 Cr (Single Deposit)

Existing rates

Revised rates

Existing rates

Revised rates

15.07.13

19.08.13

15.07.13

19.08.13

7 -14 days

6.50

6.75

6.75

6.75

15 – 30 days

6.50

7.00

6.75

7.00

31 -45 days

6.50

7.00

6.75

7.00

46 – 59 days

6.50

7.00

7.25

7.25

60 – 90 days

7.00

7.00

7.25

7.25

91 – 179 days

7.75

8.20

7.758.00
180 – 270 days

7.75

8.25

8.00

8.00

271 – 364 days

7.75

8.25

8.25

8.25

1 yr  to less than 2 yrs

8.75

8.75

8.75

8.75

2 yr to less than 3 years

8.75

8.75

8.50

8.50

3 yr to less than 5 years

8.50

8.50

8.50

8.50

5 years & above

8.50

8.50

8.50

8.50

555 days

9.00

9.00

NA

NA

Cent Double

8.75

8.75

NA

Note :-

1. Cent Super Plus (555 days) and Cent Double schemes are valid up to 31st December 2013.

2. An additional interest rate of 0.50% p.a. over and above the normal rate of interest for any of the Time Deposit Schemes & also for Tax Saver Depositors Scheme will be given as incentive for deposits of Senior Citizens who areabove 60 years of age.

Rates for aggregate bulk deposit above Rs.10 crore are allowed with effect from 15.07.2013:-

                     Period

Revised Rate (%)

7-14 days

6.75

15-30 days

6.75

31-45 days

6.75

46-59 days

7.25

60-90 days

7.25

91-179 days

7.75

180-270 days

8.00

271-364 days

8.25

12 months to 13 months

8.75

B. Non Resident AccountsRate of Interest (%)
a. NRO (All Maturities)NRO rates are same as domestic deposit rates.
b.NRE, FCNR(B), RFC Depositsgiven below

Revised interest rates, applicable to fresh FCNR(B) deposits accepted / renewals made on or after October 01,2013 will be as under:

Period of deposit

USD

 GBP

EUR

CAD

AUD

1 year to less than 2 years

2.63

2.87

2.47

3.49

4.52

2 years to less than 3 years

2.48

2.83

2.57

3.47

4.79

3 years to less than 4 years

4.77

5.12

4.77

5.73

7.08

4 years to less than 5 years

5.16

5.44

5

6.01

7.39

5 years only

5.53

5.71

5.24

6.24

7.61

Overdue Deposit

1.63

1.87

1.47

2.49

3.52

RFC (USD) DEPOSIT Interest Rates w.e.f October 01, 2013

Period of USD deposit

% p.a.

6 months to less than 12 months & Savings A/c.

0.63

Overdue deposits

NIL

INTEREST RATE ON NRE DEPOSITS w.e.f.– August 19, 2013

Maturity Period

Rates for Deposits less Than Rs. 1 Crore

Rates For Deposits 1 Cr to Rs. 10 Crore (Single Deposit)

 
 

Existing rates

Revised rates

Existing rates

Revised rates

 

15/07/2013

19/08/2013

15/07/2013

19/08/2013

 
1 yr to less than 2 yrs

8.75

8.75

8.75

8.75

 
2 yr to less than 3 yrs

8.75

8.75

8.5

8.5

 
3 yr to less than 5 yrs

8.5

9.5

8.5

9.5

 
5 years & above

8.5

9.5

8.5

9.5

 
555 days

9

9

NA

NA

 

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