Canara Bank revises rates of interest on fastened deposits: Check new charges right here

Canara Bank, a public sector lender, elevated rates of interest on fastened deposits beneath ₹2 crore. According to the financial institution’s web site, the brand new charges are efficient as of at the moment, July 16, 2022. Following the revision, the financial institution is at the moment providing an rate of interest on deposits maturing in 7 days to 10 years of two.90 per cent to five.75 per cent for most people and a pair of.90 per cent to six.25 per cent for older adults.

Canara Bank FD Rates 2022

The financial institution is now providing an rate of interest of two.90 per cent on deposits maturing within the 7 days to 45 days, and an rate of interest of 4.00 per cent on deposits maturing within the 46 days to 90 days. A 4.05 per cent rate of interest is at the moment being supplied by Canara Bank on deposits that mature in 91 to 179 days, whereas a 4.50 per cent rate of interest is being supplied on time period deposits that mature in 180 to 269 days. Deposits maturing in 333 days will now earn an rate of interest of 5.10 per cent, whereas these maturing in 270 days to lower than a 12 months will now pay an rate of interest of 4.55 per cent.

Canara Bank is now giving an rate of interest of 5.30 per cent on fastened deposits that mature in a 12 months, and it’s now guaranteeing an rate of interest of 5.40 per cent on deposits that mature in a 12 months or extra however lower than two years. At Canara Bank, fastened deposits maturing in 2 years or extra however lower than 3 years now get pleasure from an rate of interest of 5.45 per cent, whereas these maturing in 3 years or extra however lower than 5 years now have an rate of interest of 5.70 per cent. On deposits maturing in 5 years or extra however lower than 10 years, the financial institution is now giving a most rate of interest of 5.75 per cent. The common public will get an rate of interest of 5.75 per cent on the Canara Tax Saver Deposit Scheme, whereas senior residents will obtain an rate of interest of 6.25 per cent.

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Canara Bank FD Rates (canarabank.com)

“Additional curiosity of 0.50% for Senior Citizens is accessible for Deposits (Other than NRO/NRE and CGA Deposits) lower than Rs. 2 Cr and with tenor of 180 Days and above,” Canara Bank has talked about on its web site.

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