Canara Bank has about 3,200 ATMs spread across the country at present and plans to increase the count to around 5,000 by 2014
“In order to increase our delivery channel, we will be opening 2,000 ATMs by March 2014,” Canara Bank’s executive director AK Gupta said while inaugurating the first e-lounge of the bank in the capital.
The bank has about 3,200 ATMs spread across the country at present.
The Bangalore-based bank has about 3,700 branches in the country and six overseas branches.
Talking about the e-lounge, Gupta said this is the first such delivery point in
Customers can also use the Internet facility to do banking operations and stock trading, he said, adding, video conference facility is also available for interaction with the bank officials.
The bank also intends to open eight such centres at various locations in the country in the next two months. These e-lounges will cater to the needs of customers round-the-clock and all seven days of the week, he added.
Asked about the interest rates revision, Gupta said the bank recently revised its fixed deposit rates by up to 1% on select maturities.
The interest rate has been brought down by 0.5% on one maturity slab (180-269 days) to 7.5% from 8%.
On 1-2 years and 3-5 years fixed deposits, rates have been raised by 0.55% to 9.05%.
Fixed deposits between 270 days and one year will earn 1% higher interest. The new rate would be 9% against existing rate of 8%.
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