Canara Bank FD Interest Rates: Canara Bank is a government bank. This government bank is giving interest ranging from 3.50 percent to 7.10 percent on fixed deposits (FD).
Canara Bank FD Interest Rates: After the Reserve Bank of India reduced the repo rate, all the banks have also reduced the interest rates of FD. Let us tell you that the Reserve Bank has cut the repo rate by 1.00 percent this year. This reduction has been done in 3 times. After the reduction in the repo rate, banks have reduced FDs of almost all tenures. However, customers are still getting attractive returns on FD. Today we will learn about the FD scheme of the public sector Canara Bank here. Here we will know how much money will be received on maturity if you deposit Rs 4 lakh in a 24-month FD in Canara Bank?
Facility to make FD up to 10 years in Canara Bank
Canara Bank is a government bank. This government bank is giving interest ranging from 3.50 percent to 7.10 percent on fixed deposits (FD). FD can be made in Canara Bank from 7 days to 10 years. Canara Bank is giving the highest interest of 6.60 percent to general citizens and 7.10 percent to senior citizens on FD of 444 days. This government bank is giving 6.50 percent interest to general citizens and 7.00 percent interest to senior citizens on FD of 24 months i.e. 2 years.
How much money will be received on maturity if 4 lakh rupees are deposited
If 4 lakh rupees are deposited in FD of 24 months in Canara Bank, then general citizens will get a total of Rs 4,85,363 on maturity, which includes fixed interest of Rs 85,363. Similarly, if a senior citizen deposits Rs 4 lakh in a 24-month FD in Canara Bank, he will get a total of Rs 4,92,576 on maturity, which includes a fixed interest of Rs 92,576. As we told you, Canara Bank is a government bank, so your money is completely safe here.
