Canara Bank changes fixed deposit interest rates, new rate comes into effect from December 1

Interest rates are changed by banks from time to time. Customers are motivated to deposit money by changing the interest rates on fixed deposits. Canara Bank has announced changes in the interest rates of its fixed deposits. According to the official website of the bank, the new interest rates will be applicable on amounts less than Rs 3 crore.

When will the new interest rates be implemented?

Let us tell you that according to the official website of the bank, the new interest rates will be applicable from December 1, 2024. The bank is providing interest rates ranging from 4% to 7.40% to general customers and interest rates ranging from 4% to 7.90% to senior citizens.

The bank is offering 4% interest rate on tenure of 7 days to 45 days, 5.25% interest rate on tenure of 46 days to 90 days, 5.5% interest rate on tenure of 91 to 179 days and 5.5% interest rate on tenure of 180 to 269 days. Getting the benefit of 6.25% interest rate. 7.30% interest rate is available on tenure of 2 years to less than 3 years.