Canara Bank Fixed Deposit Rates: Canara Bank has given a gift to its crores of customers. Canara Bank has increased the interest rates on FDs up to Rs 3 crore. The bank has increased the interest rates on FDs before the RBI meeting
Canara Bank Fixed Deposit Rates: Canara Bank has given a gift to its crores of customers. Canara Bank has increased the interest rates on FDs up to Rs 3 crore. Before the RBI meeting, the bank has increased the interest rates of FD. Canara Bank has increased the interest rates on FDs of more than 2 years but less than 3 years and more than 3 years but less than 5 years by 0.60 percent.
Canara Bank increased interest on FD
According to the website of Canara Bank, the new rates have come into effect from 1 December 2024. These interest rates have been revised on FDs up to Rs 3 crore. Canara Bank is offering FDs from 7 days to 10 years. After the revision, Canara Bank is offering 4 percent to 7.40 percent interest on FD to the general public and 4 percent to 7.90 percent to senior citizens.
New interest rates on Canara Bank FD
Canara Bank is now offering 4% interest on deposits maturing between 7 to 45 days and 5.25% on deposits maturing between 46 to 90 days. Canara Bank is offering 5.50 percent interest on deposits maturing between 91 to 179 days and 6.15 percent on deposits maturing between 180 to 269 days. Here you are told the rates of callable and non-callable FD. You can withdraw money prematurely in callable FD. You cannot withdraw money prematurely in non-callable FD. If you withdraw, you will have to pay a charge.
According to Canara Bank’s website, general and senior citizens are getting this much interest
| Time Period | General Citizen (Callable) | Senior Citizen (Callable) | General Citizen (Non-callable – Rs 1 crore to Rs 3 crore) | Senior Citizen (Non-callable – Rs 1 crore to Rs 3 crore) | ||||
| Interest Rate (in %) | Interest Rate (Yield) | Interest Rate (in %) | Interest Rate (in %) | Interest Rate (in %) | Interest Rate (in %) | Interest Rate (in %) | Interest Rate (in %) | |
7 days to 14 days | 4.00 | 4.06% | 4.00 | 4.06% | NA | NA | NA | NA |
46 days to 90 days | 5.25 | 5.35% | 5.25 | 5.35% | 5.35 | 5.46% | 5.35 | 5.46% |
91 days to 179 days | 5.50 | 5.61% | 5.50 | 5.61% | 5.60 | 5.72% | 5.60 | 5.72% |
180 days to 269 days | 6.15 | 6.29% | 6.65 | 6.82% | 6.25 | 6.40% | 6.75 | 6.92% |
270 days to less than 1 year | 6.25 | 6.40% | 6.75 | 6.92% | 6.35 | 6.50% | 6.85 | 7.03% |
one year | 6.85 | 7.03% | 7.35 | 7.56% | 7.00 | 7.19% | 7.50 | 7.71% |
444 days | 7.25 | 7.45% | 7.75 | 7.98% | 7.40 | 7.61% | 7.90 | 8.14% |
More than one year but less than 2 years | 6.85 | 7.03% | 7.35 | 7.56% | 7.00 | 7.19% | 7.50 | 7.71% |
More than 2 years but less than 3 years | 7.30 | 7.50% | 7.80 | 8.03% | 7.40 | 7.61% | 7.90 | 8.14% |
More than 3 years but less than 5 years | 7.40 | 7.61% | 7.90 | 8.14% | NA | NA | NA | NA |
More than 5 years to 10 years | 6.70 | 6.87% | 7.20 | 7.40% | NA | NA | NA | NA |
