Canara Bank FD: Canara Bank is offering its customers a great option for Fixed Deposits. If you are looking for an investment option these days, then you can choose Canara Bank’s Special Fixed Deposits scheme as an option. Let’s know about it in detail.
Public sector bank Canara Bank is offering a wonderful scheme of Fixed Deposits. The bank is offering more than seven percent interest on investment under this scheme.
If these days you are also planning to invest in Fixed Deposit (FD) for investment, then you can invest in Canara Bank’s Special 400 Days Fixed Deposits Scheme.
Recently, Canara Bank has increased the interest rates on deposits of less than two crore rupees. The new rates are applicable from 18 January 2023.
400 days special scheme
Recently, Canara Bank had told about the 400-day Fixed Deposits scheme by tweeting. The bank had said that on investing in it, interest will be given at the rate of 7.75 percent per annum. For more information in this regard, you can contact your nearest branch.
On non-callable deposits above Rs 15 lakh, the bank is offering interest at the rate of 7.45 per cent for 400 days to the general public. At the same time, senior citizens will get interest at the rate of 7.75 percent per annum for investing in fixed deposits for this period.
FD for 666 days
Apart from this, the bank is offering interest at the rate of seven per cent on Fixed Deposits for 666 days. At the same time, senior citizens will get interest at the rate of 7.5 percent. Those investing in Fixed Deposits scheme for more than two years and less than three years will get interest at the rate of 6.8 percent and senior citizens at 7.3 percent. On deposits of more than three years and less than five years, common citizens will get interest at the rate of 6.5 percent and senior citizens at seven percent.
Repo rate was increased. After this, the public and private sector banks of the country had increased the interest rates of Fixed Deposits.
Reserve Bank’s monetary policy meeting is going to be held once again in the month of February. It is being said that the central bank will once again increase the repo rate. But this time the rates will increase less than before.
