Canara Bank has launched a special FD scheme for its customers. Under this scheme, the customer will get more interest. The tenure of this FD is 666 days, on which general citizens will get 7% interest and senior citizens will get 7.50% interest.
New Delhi. Canara Bank has launched a special FD scheme for its customers. Under this scheme, the customer will get more interest. The tenure of this FD is 666 days, on which general citizens will get 7% interest and senior citizens will get 7.50% interest. According to the bank’s official website, this FD scheme is applicable from October 7, 2022, which are applicable on fixed deposits (Canara Bank FD Rates) with an amount less than 2 crores.
Canara Bank informed its customers about this special FD scheme in a tweet. The bank said in a tweet, “Get maximum return on your investment now! Introducing Canara Special Deposit Scheme which gives 7.50% interest on investment for 666 days.
Now get maximum returns on your investment!
Presenting Canara Special Deposit Scheme that offers 7.50% interest by investing for 666 days. #CanaraBank #CanaraBankSpecialDepositScheme #666Days pic.twitter.com/8gmIBCP2On
— Canara Bank (@canarabank) October 11, 2022
666 Days Special FD Scheme
Canara Bank said in its tweet that customers get 7 percent interest on this 666 days FD scheme. On the other hand, senior citizen customers of the bank get up to 7.5 percent interest on these FDs.
Canara Bank Latest FD Rates
The bank has increased the interest rate on FDs maturing in 7 days by 35 basis points from 2.90% to 3.25%. The interest on deposits maturing in 46 days to 90 days has been increased from 4% to 4.25%. Similarly, on fixed deposits maturing in 91 days to 179 days, the bank will now pay interest at the rate of 4.50%.
Interest hiked by 135 basis points
Canara Bank has increased the interest by 125 basis points on fixed deposits maturing in 269 days from 180 days. Earlier, where interest was available at the rate of 4.65 percent, now it will be available at the rate of 5.90%. Similarly, interest on deposits maturing from 270 days to less than a year has been increased by 135 basis points from 4.65% to 6.00%. The bank has increased the interest rates on fixed deposits maturing in 1 year to 2 years from 5.50% to 6.50%. FDs maturing in 1 year or more but less than 2 years will now get 6.50% interest. Earlier this rate was 5.55%.
