Canara Bank Savings Scheme: Due to the reduction of 1.00 percent in the repo rate this year, on one hand the loan became cheaper, on the other hand the interest rates of FD also decreased.
However, the public sector Canara Bank is still offering great interest on FD to its customers. Today we will know the details of such an FD scheme of Canara Bank, in which a fixed interest of Rs 14,325 can be obtained by depositing only Rs 1 lakh.
Canara Bank is offering the highest interest rate on FDs of 444 days
You can open an FD account in Canara Bank for a minimum period of 7 days and a maximum period of 10 years. Canara Bank is a government bank which is offering interest ranging from 3.25 percent to 7.20 percent on FD. On the 444 days special FD scheme, Canara Bank is giving the maximum interest of 6.50 percent to general citizens, 7.00 percent to senior citizens and 7.10 percent to super senior citizens. On 2 year FD in Canara Bank, general citizens are getting 6.25 percent interest and senior citizens are getting 6.75 percent interest.
If you deposit Rs 1,00,000 in 2 year FD, you will get fixed interest of Rs 14,325
If you are a normal citizen and deposit Rs 1 lakh in a 2-year FD in Canara Bank, then you will get a total of Rs 1,13,205 on maturity, which has a fixed interest of Rs 13,205. If you are a senior citizen and deposit Rs 1 lakh in a 2-year FD in Canara Bank, then you will get a total of Rs 1,14,325 on maturity, which has a fixed interest of Rs 14,325. Let us tell you that under the FD scheme, you get a fixed amount of interest after a fixed time and there is no up-down in it.
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