SBI, HDFC & Canara Bank FD Rates: After SBI, HDFC Bank, now Canara Bank has given good news to its crores of customers.
New Delhi: SBI, HDFC & Canera Bank FD Rates: After SBI, HDFC Bank, now Canara Bank has given good news to its crores of customers. Public sector Canara Bank has increased interest rates by up to 0.25 percent on fixed deposits (FDs) with different time periods.
New rates effective from March 1, 2022
In a statement issued by Canara Bank, it was said that the new rates are effective from March 1, 2022. It said that the interest rate of FD has been increased to 5.1 percent for a period of one year. On FDs for one to two years, it has been increased from 5 percent to 5.15 percent. Now FD of 2-3 years will get 5.20 percent annual interest.
Maximum increase of 0.25 percent
On behalf of Canara Bank, the interest rate on deposits of 3-5 years has been increased to 5.45 percent, which was earlier 5.25 percent. On behalf of the bank, it was said that the interest rate has been increased to 5.5 percent by increasing the maximum 0.25 percent on fixed deposits of 5-10 years. Senior citizens will get 0.50 percent i.e. half percent more interest on all FDs.
Interest on RD also increased
Let us tell you that in the last days SBI, HDFC Bank and Bank of Baroda have also changed the interest rate on FDs. SBI had also changed the rates of recurring deposits on February 20.
Interest on FD in SBI
- 7 days to 45 days—–2.90%
- 46 days to 179 days—–3.90%
- 180 days to 210 days—–4.40%
- 211 days to less than 1 year—–4.40%
- For more than 1 year and less than two years—-5.10%
- Above 2 years and less than 3 years—–5.20 %
- Above 3 years and less than 5 years —–5.45%
- For 5 years to 10 years—–5.50 %
Interest earned on FD in HDFC
- 7 to 14 days—-2.50%
- 15 to 29 days—–2.50%
- 30 to 45 days—–3.00 %
- 46 days to 60 days—–3.00 %
- 61 days to 90 days—–3.00 %
- 91 days to 6 months—–3.50%
6 Months 1 Day to 9 Months—-4.40% - 9 Months 1 Day to Less than 1 Year—-4.40%
- Up to 1 year—-5.00%
- 1 year from 1 day to 2 years—-5.00%
- 2 years from 1 day to 3 years—-5.20%
- 3 Years 1 Day to 5 Years—-5.45%
- 5 years from 1 day to 10 years—-5.60%
