Canara Bank FD Interest Rate: Change in FD, for FD from 7 days to 10 years, these will be the new interest rates

Canara Bank FD Interest Rate : Canara Bank FD Scheme Banks keep making slight changes in their policy to woo their customers! In this sequence, Canara Bank has also made some changes in its Fixed Deposit policy. And made a me.ngful effort to attract more and more customers towards us!

Canara Bank FD Interest Rate

In this episode, Canara Bank FD Scheme has offered 4% to 7.25% for common citizens and 4% for senior citizens on FDs maturing in its initial 7 days to 10 years. It has been decided to give FD (Fixed Deposit) interest rate of 7.75%.

new fixed deposit rates

Let us tell you that under the Canara Bank FD Scheme, now the interest rates will increase slightly! Now there is a provision of interest rate of up to 4% for common citizens on fixed deposit deposits of 7 to 45 days! So on the other hand, this provision is for senior citizens to get FD (Fixed Deposit) interest rate of 4% only! Let’s try to tell you other details through charts!

135 basis point increase in interest

Canara Bank (Canara Bank FD Scheme) has increased the interest on fixed deposits maturing in 180 days from 125 basis points to 269 days! Earlier, where interest was being received at the rate of 4.65 per cent, now it will be available at the rate of 5.90 per cent. Similarly, FD (Fixed Deposit) interest on deposits maturing in less than 270 days to one year was increased by 135 basis points to 6.00% from 4.65%.

Fixed Deposit Scheme

The bank has increased the interest rate on Fixed Deposit maturing in 1 year to 2 years from 5.50% to 6.50%. Canara Bank FD Scheme maturing in 1 year or more but less than 2 years will now get 6.50% interest! Earlier this rate was 5.55%.

Minimum interest rate 4 percent

According to the information available on the Canara Bank FD Scheme website, the interest rate on callable fixed deposits of less than Rs 2 crore is 4 per cent for 7-45 days, 5.25 per cent for 46-90 days, 5.50 per cent for 91- days. 179 days! 6.25% for 180-269 days, 6.50% for 270 days to less than one year, 7% for 1 year!

Canara Bank FD Interest Rate

Explain that under the rule of this Fixed Deposit policy of Canara Bank, the customer can deposit up to Rs 2 crore! Wherein if the customer decides to take it ahead of time! So for this he will have to pay a fine of up to 1%. These rates have been implemented in the Canara Bank FD Scheme from August 12, 2023!

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