Canara Bank has come up with a special scheme for its customers. Under this scheme, customers will get more interest on the bank’s special deposit scheme. Canara Bank has introduced a new deposit scheme, named Canara Unique. Those investing in Canara Unique Scheme will get an option to get higher interest and payment of interest every three months. Due to high interest, the scheme has also been called the Golden Return Deposit Scheme. Canara Bank has given complete information about how long you have to invest in this scheme. Let’s know the details of Canara Unique.
Investment time and interest rate
In Canara Unique you have to deposit money for 1111 days i.e. 3 years and 16 days. But you will also get a good return on this money. In this deposit scheme of Canara Bank, investors will be given 0.10% more interest. You will be able to receive the payment of the interest you get. In these, interest can be charged on three months.
How much investment will have to be made
If you wish, you can take full money on maturity in Canara Unique Scheme. As far as the investment amount is concerned, at least Rs 25000 will have to be deposited in the new scheme of Canara Bank. The maximum investment limit has been kept at Rs 2 crore. This is only an FD scheme, but in this you will be given 0.10 percent more interest than normal FD.
How to invest
You can invest from home in Canara Unique. Mobile banking or NetBanking can be used for this, if you want more information, you can go to the nearest branch of Canara Bank. Apart from this, more information can also be obtained by calling the bank’s toll-free number. Know further the interest rates of normal FD of Canara Bank.
Rate of interest on FDs less than 1 year
Canara Bank had changed the FD rates on 8 February 2021. Currently, the bank is offering interest rate of 2.98 per cent on FDs of 7 to 45 days. At the same time, you will get 3.96% on FDs of 46 to 90 days, 4.06% on FDs from 91 days to 179 days, and 4.52% on the period ranging from 180 days to less than 1 year.
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