Canara Bank Revises FD Rate: Canara Bank offers FDs for various tenures ranging from 7 days to 10 years. The bank has changed the interest rates of FD.
New Delhi. Public sector Canara Bank has changed the interest rates on Fixed Deposits. The new interest rates of the bank have become effective from Saturday (16 July 2022).
New interest rates effective from July 16, 2022
Canara Bank offers FDs for various tenures ranging from 7 days to 10 years. After this change, the customers of the bank will get the benefit of interest at the rate of 2.90 percent on FDs ranging from 7 days to 45 days, while FDs of 46 days to 90 days will get interest at the rate of 4 percent. Apart from this, fixed deposits of 91 days to 179 days will get interest at the rate of 4.05 percent.
Canara Bank FD Rates
On FDs of 180 days to 269 days, the customers of the bank will get interest at the rate of 4.50 percent. Apart from this, 4.55 percent on fixed deposits of 270 days to less than 1 year, 5.10 percent on FDs of 333 days, 5.30 percent on FDs of 1 year, 5.40 percent on FDs above 1 year and less than 2 years, 2 years Interest will be available at the rate of 5.45 percent on FDs above and below 3 years, 5.70 percent on FDs above 3 years and less than 5 years and 5.75 percent on FDs from 5 years to 10 years.
Higher interest to senior citizens
The general public will get an interest rate of 5.75 per cent on Canara Tax Saver Deposit Scheme, while senior citizens will get an interest rate of 6.25 per cent. According to the Canara Bank website, 0.50 per cent more will be given to senior citizens for deposits of less than Rs 2 crore and tenure of 180 days and above, in addition to NRO/NRE and CGA deposits.