Public sector Canara Bank is giving the highest interest to its customers on FDs of 444 days duration.
Canara Bank Savings Scheme: Public sector Canara Bank has also reduced the interest rates of FD scheme after RBI reduced the repo rate. However, Canara Bank is still offering attractive interest on FD i.e. fixed deposit. FD account can be opened in Canara Bank for a period of 7 days to 10 years. This government bank is offering interest ranging from 3.50 percent to 7.20 percent on FD to its customers. Today we will tell you about such an FD scheme of Canara Bank, in which fixed interest of Rs 14,888 can be obtained by depositing only Rs 1 lakh.
Canara Bank is giving the highest interest on FD of 444 days
On FD accounts, customers get the entire principal amount back with fixed interest after a fixed period. Public sector Canara Bank is giving the highest interest to its customers on FDs of 444 days duration. This government bank is giving 6.60 percent interest to general citizens, 7.10 percent to senior citizens and 7.20 percent to very senior citizens (people above 80 years of age) on FDs of 444 days. Canara Bank is offering 6.50 percent interest to general citizens and 7.00 percent interest to senior citizens on 2-year FDs.
Deposit ₹1,00,000 and get fixed interest of ₹14,888
If you are a general citizen i.e. your age is less than 60 years and you deposit ₹1,00,000 in a 2-year FD scheme in Canara Bank, then you will get a total of ₹1,13,764 on maturity, which also includes fixed interest of ₹13,764. Similarly, if you are a senior citizen i.e. your age is above 60 years and you deposit Rs 1,00,000 in Canara Bank, then you will get a total of Rs 1,14,888 on maturity, which includes a fixed interest of Rs 14,888. Let us tell you that Canara Bank is a government bank and is controlled by the central government, so your money is absolutely safe in it.
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