FD Rates : Canara Bank has revised the interest rates on FD (Fixed Deposit) of less than Rs 2 crore. According to the bank’s website, the new rates have come into effect from August 12, 2023. After revision, the bank is offering FDs ranging from 7 days to 10 years. Canara Bank is offering 4 percent to 7.25 percent interest on FDs to the general public and 4 percent to 7.75 percent to senior citizens.
New Canara Bank FD Rates
Canara Bank is now offering an interest rate of 4% on deposits maturing between 7 to 45 days and 5.25% on deposits maturing between 46 and 90 days. Canara Bank is offering 5.5 per cent interest rate on deposits maturing in 91 to 179 days and 6.25 per cent interest on deposits maturing in 180 to 269 days.
These are the new interest rates of Canara Bank
Deposits maturing in 270 days to less than one year will now fetch 6.50 per cent interest rate. Deposits maturing in 1 year will now fetch 6.90 per cent interest rate, while deposits maturing in 444 days will fetch 7.25 per cent interest rate. Canara Bank is offering an interest rate of 6.90% on FDs maturing in a period of more than one year to less than two years.
It now guarantees an interest rate of 6.85% on FDs maturing in 3 years for two years or more. Canara Bank is now paying 6.80 per cent interest on deposits maturing in three years or more but less than five years. 6.70 percent interest will be given on FDs maturing in five years or more.
These are the rules of Canara Bank
Canara Bank is paying this interest on new and renewable FDs of less than Rs 2 crore. If you close your FD prematurely, there will be a penalty of 1.00% on it. According to the bank’s website, the bank is giving an additional interest of 0.60 per cent to super senior citizens i.e. people aged 80 years and above.
