Canara Bank FD Rate: Canara Bank presents gifts to customers ahead of Diwali. Canara Bank has revised interest rates on FDs (Fixed Deposits) below Rs 2 crore. According to the bank’s website, the new rates are effective from October 27, 2023. Canara Bank offers FDs from 7 days to 10 years. After the revision, Canara Bank is offering 4 percent to 7.25 percent interest on FDs to general public and 4 percent to 7.75 percent to senior citizens.
You will get the benefit only on this FD
Canara Bank is offering this new interest rate on new and renewable FDs below Rs 2 crore. If you close your FD prematurely, there will be a penalty of 1.00%. According to the bank’s website, the bank is offering an additional interest of 0.60 percent to super senior citizens i.e. persons aged 80 years and above. Also giving 0.50 percent interest to senior citizens.
New Rate of Canara Bank FD
Canara Bank is now offering 4% interest rate on EPDs maturing between 7 to 45 days and 5.25% interest rate on deposits maturing between 46 and 90 days. Canara Bank is offering an interest rate of 5.50 per cent on deposits maturing between 91 and 179 days and 6.15 per cent on deposits maturing between 180 and 269 days.
These are the revised rates of Canara Bank
Now 6.25 percent interest rate is available on deposits maturing in less than 270 days to one year. Now 6.90 percent interest rate is available on deposits maturing in 1 year. Bank offers maximum interest on FD maturing within 444 days. The bank is offering 7.25 percent interest on 444 day FD.
These are revised interest rates
Canara Bank is offering an interest rate of 6.85% on FDs maturing from more than one year to less than two years. It now guarantees an interest rate of 6.85% on FDs with maturities of two years or more over 3 years. Canara Bank now offers 6.80 per cent interest on deposits of three years or more but less than five years. FD will earn 6.70 percent interest for tenure of five years or more.