According to the official website of Canara Bank, the new rates will be effective from tomorrow i.e. December 19, 2022. After the change, Canara Bank has increased the rates of bank FDs by up to 55 basis points in different tenors.
Image Credit source: Representational Image
Canara Bank, one of the largest government lenders in the country (Canara Bank) interest rates on fixed deposits below Rs 2 crore (Fixed Deposit Interest Rate) Announced an increase in According to the official website of the bank, the new rates will be effective from tomorrow i.e. December 19, 2022. Canara Bank hikes bank FD rates by up to 55 basis points across tenors after the revamp (Bank FD Rate Hike) Have done.
After which interest rates will be available from 3.25 per cent to 6.50 per cent for the general public and from 3.25 per cent to 7 per cent for senior citizens. These rates have been issued for tenure from 7 days to 10 years. Canara Bank will now pay a maximum interest rate of 7 percent to the general public on the deposit amount maturing in 666 days.
Interest rates on one year FD
- The bank will continue to offer an interest rate of 3.25 per cent on FDs of 7 days to 45 days.
- Canara Bank will continue to offer an interest rate of 4.50 per cent on FDs of 46 days to 179 days.
- Canara Bank will continue to offer an interest rate of 5.50 per cent on FDs of 180 days to less than 1 year.
- While 50 basis points have been increased on FDs maturing in 1 year and the rate has increased from 6.25 percent to 6.75 percent.
Increase on FDs of more than one year
- FDs of more than one year to less than two years will now fetch 6.80 per cent interest, an increase of 55 basis points.
- Canara Bank will continue to offer 7% interest rate on 666 days FD.
- FD rates of more than 2 years but less than 3 years were increased by 55 basis points and interest rates have been increased from 6.25 percent to 6.80 percent.
- The interest rate on FDs from 3 years to 10 years will continue at 6.50 percent.
: Language Inputs