Canara Bank – Recently Canara Bank has revised the interest rates on FD (Fixed Deposit). According to the bank’s website, let us tell you that the new rates have come into effect from October 5, 2023. Canara Bank is now offering 4% interest rate on EPDs maturing between 7 to 45 days and 5.25% interest rate on deposits maturing between 46 to 90 days…
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 October 5, 2023. The bank is offering FD from 7 days to 10 years. After revision, Canara Bank is offering 4 percent to 7.25 percent interest on FD to the general public and 4 percent to 7.75 percent to senior citizens.
New rates of Canara Bank FD-
Canara Bank is now offering 4% interest rate on EPDs maturing between 7 to 45 days and 5.25% interest rate on deposits maturing between 46 to 90 days. Canara Bank is offering 5.5 percent interest rate on deposits maturing in 91 to 179 days and 6.25 percent interest rate on deposits maturing in 180 to 269 days.
These are the revised rates of Canara Bank-
Now 6.25 percent interest rate will be available on deposits maturing in 270 days to less than one year. Now 6.90 percent interest rate will be available on deposits maturing in 1 year. The bank is giving the highest interest on FD maturing in 444 days. The bank is giving 7.25 percent interest on FD of 444 days.
These are the revised interest rates-
Canara Bank is offering 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 of two years or more maturing in 3 years. Canara Bank is now offering 6.80 percent interest on deposits maturing in three years or more but less than five years. FDs maturing in five years or more will get 6.70 percent interest.
These are the rules-
Canara Bank is offering 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%. According to the bank’s website, the bank is giving extra interest of 0.60 percent to super senior citizens i.e. people aged 80 years and above.
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