Canara Bank has brought unique deposit scheme. Under this scheme, there will be 0.10 percent more interest on 1111 days deposit. There will also be an option to take payment of interest every three months.
Canara Bank Golden Return Deposit Scheme
If you want to get more interest on the bank deposit scheme, then Canara Bank is giving you a special opportunity. This public sector bank has announced a deposit scheme named ‘Canara UNIQUE’. In this deposit scheme you will get the option to choose interest payment on quarterly basis along with higher interest. In the era of low interest rates, under this special deposit scheme of Canara Bank, you are getting a great opportunity to get golden returns. For this, the bank has given many important information about specific period and deposit, about which we are going to tell you.
This deposit scheme of Canara Bank will be for 1111 days. In this scheme you have to deposit for a total of 3 years 16 days. On this unique deposit scheme of Canara Bank, you will get a golden return. According to the information given by the bank, under this deposit scheme you will get 0.10 percent more interest.
How much can I deposit?
Also, the depositor will have the option of how to pay the interest received under this scheme. If they want that they get interest payment every three months, then they will also have this option. Apart from this, there will be an option to take full payment of interest directly on maturity. In this Canara Bank deposit scheme, a deposit of at least Rs 25,000 and a maximum of Rs 2 crore can be made.
Earn Golden Returns with Canara UNIQUE!
A unique 1111 days deposit scheme with additional 0.10% rate of interest!
— Canara Bank (@canarabank) April 2, 2021
Where to get complete information about this scheme
You will also get the benefit of this deposit scheme sitting at home. If you want, you can also avail this deposit scheme through your mobile banking or netbanking. You can also visit the nearest bank branch for more information about this scheme. Also, you will get information about this on the bank’s toll-free number.
How much are the rates on normal FD
Please tell that Canara Bank had last revised the FD rates on 8 February 2021. After this, FDs of 7 to 45 days in this bank are getting annual interest at the rate of 2.98 per cent. For 46 to 90 days, this rate is 3.96 percent. FDs of 91 days to 179 days are getting 4.06 percent. This is 4.52 per cent for a period of less than 180 days to 1 year.
If you get only 1 year FD in Canara Bank, then you will get interest at the rate of 5.30 percent. The FD rate for one to two years is 5.30 per cent and for 2 to 3 years is 5.51 per cent. For 3 years to 5 years, FD is getting interest at the rate of 5.61 per cent. This bank has an interest rate of 6 per cent for more than 5 years and less than 10 years. Senior citizens get 0.50 percent more interest than ordinary citizens.
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