New Delhi Canera bank FD Rates: Even before Diwali, Canara Bank has given very good news to its customers. Actually, Canara Bank has revised the interest rates on FDs of less than Rs 2 crore. According to the official website of the bank, the new rates released have come into effect from October 27.
Whereas Canara Bank is offering fixed deposits ranging from 7 days to 10 years. After the revision, Canara Bank is offering interest on FD at the rate of 4% to 7.25% to the general public and 4% to 7.75% to the elderly.
There will be benefits only on these fixed deposits
Canara Bank is offering these new interest rates for new and renewable fixed deposits of less than Rs 2 crore. If you close your fixed deposit prematurely, a penalty of 1 percent will be charged.
On the official website of the bank, it is giving extra interest of 0.60 percent to the elderly i.e. people aged 80 years and above. At the same time, elderly people are being given higher interest rate of 0.50 percent.
Know what are the rates
Canara Bank is offering interest at the rate of 4 percent on FD schemes maturing in 7 days to 45 days. Whereas on FDs maturing between 46 days to 90 days, interest is being given at the rate of 5.25 percent.
Canara Bank is offering interest at the rate of 5.50 percent on FDs maturing in 91 days to 179 days and 6.15 percent interest is being offered on deposits maturing in 180 days to 269 days.
Canara Bank revised rates
Deposits maturing in 270 days to less than 1 year will get interest at the rate of 6.25 percent. Interest is being given at the rate of 6.90 percent on deposits maturing in 1 year. The bank is giving the maximum on FD of 444 days. Interest on this FD is available at the rate of 7.25 percent.
What are the revised rates?
Canara Bank is offering interest at the rate of 6.85 percent on FDs maturing in more than 1 year to less than 2 years. Now it guarantees interest at the rate of 6.85 percent on fixed deposits maturing in 2 years or more than 3 years. Canara Bank is offering interest at the rate of 6.80 percent on deposits maturing in more than 3 years or less than 5 years. Interest on FDs for more than 5 years is available at the rate of 6.70 percent.
