Canara Bank give good new to account holders
From this month, the new revised interest rate of Canara Bank will be applicable on all FDs. 4 percent interest on FDs of seven to 45 days and 5.25 percent interest on deposits of 46 to 90 days.
Canara Bank has given good interest rate Fixed Deposit FD. Now the interest rates have been revised and information about the interest rates has been given on the bank’s website. These new rates will be applicable from October 5, 2023.
Canara Bank FD Rates:
If the fixed deposit is less than two crores, the interest rate has been revised. FD can be kept in Canara Bank for 7 days to 10 years and can get 5 to 7.5 percent interest for general and 4 to 7.75% interest for senior citizens.
Canara Bank revised interest rates:
From this month, the new revised interest rate of Canara Bank will be applicable on all FDs. 4 percent interest on FDs of seven to 45 days and 5.25 percent interest on deposits of 46 to 90 days. If you deposit from 91 days to 179 days, you can get 5.5 percent interest rate. Also, Canara Bank offers an interest rate of 6.25 percent for deposits of 180 days to 269 days.
If we look at the interest rate on FD at other times of Canara Bank, the interest rate of 6.25 percent is available on deposits of 270 days to less than one year. 6.90 percent interest rate on deposits maturing in one year. A fixed deposit maturing in 444 days can get a rate of 7.25 percent. Canara Bank offers 6.90 percent interest on FD deposits of less than two years, and 6.85 percent on deposits of two years or more.
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Rules for higher deposit:
New rules have also been implemented on fixed deposits of less than Rs 2 crore, according to which super senior citizens, those above 80 years of age, will get an additional 0.60 percent interest. In case of premature closure of this FD, a penalty of 1.00 percent has to be paid. So keep the deposit knowing about the interest rate on the fixed deposit.
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