Canara Bank FD Rates: If you have also got FD done in Canara Bank, then tell us that the bank has changed the interest rates. You can check the new rates here…
New Delhi. If you are a customer of Canara Bank, then there is important news for you. The bank has revised the interest rates available on deposits less than 2 crores. The bank has cut interest on Fixed Deposit (FD) maturing in one year. The new FD interest rates of the bank will be applicable from August 8, 2021. The bank has cut the interest rate on all deposits except the maturity period of 46 days to 90 days.
After this change, Canara Bank will offer 2.90 percent interest on fixed deposits with maturity period of 7 days to 45 days. The bank is offering 3.9 percent interest on maturity period of 46 days to 90 days, 3.95 percent on maturity period of 91 days to 179 days and 4.40 percent on FDs from 180 days to less than 1 year.
25 basis points cut in interest rate
Canara Bank has reduced the rates of FDs maturing in less than 1 year to less than 10 basis points. These FDs will now get an interest rate of 5.10 percent. At the same time, for FDs maturing in 3 years and less than 5 years and 5 years and 10 years, the bank has cut the interest rate by 25 basis points. The interest rate of these FDs will be 5.25 percent.
Know, Latest Canara Bank FD interest rates-
>> 7 days to 45 days 2.90%
>> 46 days to 90 days 3.90%
>> 91 days to 179 days 3.95%
>> 180 days to less than 1 year 4.40%
> > 1 year 5.10%
>> Above 1 year and less than 2 years 5.10%
>> Above 2 years and less than 3 years 5.10%
>> Above 3 years and less than 5 years 5.25%
>> More than 5 years and 5.25% by 10 years
How much will the senior citizens benefit?
After the new amendment, senior citizens will get interest rates ranging from 2.90 percent to 5.75 percent on FDs for a period of 7 days to 10 years. Canara Bank pays 50 basis points more interest to senior citizens on deposits maturing in 180 days to 10 years as compared to normal customers.
