Public sector lender Canara Bank has revised interest rates of fixed deposits. The revised rates are to come into effect from today, May 16, 2011.

The interest rate for the 555 day deposit has been raised to 9.25% for general citizens while it stands at 9.75% for senior citizens.

For tenor upto 1 year, the interest rate would be 9.10% for general citizens and 9.6% for senior citizens.

Interest rates have also been revised for various maturities upto 10 years.