Bank Announced New FD Rate: Canara Bank raised its FD interest rate; the new rates are set, and clients will get fantastic returns

 Bank Announced New FD Rate: Canara Bank raised its FD interest rate; the new rates are set, and clients will get fantastic returns

Canara Bank FD Rates: Canara Bank has been offering its clients gifts before to Diwali. The interest rates on Fixed Deposits (FDs) of less than Rs 2 crore have been changed by Canara Bank. On October 27, 2023, the new rates went into effect, according to the bank's website. Offering FDs for seven days to ten years is Canara Bank.

Bank Canara FD Rates: Canara Bank has provided their clients with a gift before to Diwali. The interest rates on Fixed Deposits (FDs) of less than Rs 2 crore have been changed by Canara Bank. On October 27, 2023, the new rates went into effect, according to the bank's website. Offering FDs for seven days to ten years is Canara Bank. Following modification, Canara Bank is now giving older people and the general public 4 percent to 7.75 percent interest on FDs, respectively.

Only these FDs will provide you with benefits.

These new interest rates are available from Canara Bank for both new and renewed FDs with balances under Rs 2 crore. An early closure of your FD will result in a 1.00% penalty. On its website, the bank states that it offers super senior citizens, or those who are 80 years of age and more, an additional 0.60 percent interest rate. Senior folks are receiving 0.50 percent interest at the same time.

New Canara Bank FD rates

Current interest rates offered by Canara Bank are 4% for EPDs with a maturity date of 7 to 45 days and 5.25% for deposits with a maturity date of 46 to 90 days. For deposits due in 91–179 days, Canara Bank is giving a 5.50 percent interest rate; for deposits expiring in 180–269 days, the interest rate is 6.15 percent.

These are Canara Bank's updated rates.

The interest rate for deposits due in 270 days to less than a year will now be 6.25 percent. Deposits due in a year will now be eligible for an interest rate of 6.90 percent. For an FD due in 444 days, the bank is offering the maximum interest rate. For a 444-day FD, the bank is offering 7.25 percent interest.

The updated interest rates are as follows.

FDs maturing in a period of more than one year to less than two years are eligible for an interest rate of 6.85% from Canara Bank. On FDs with a maturity date of three years or more, it currently promises an interest rate of 6.85%. 6.80 percent interest is now being offered by Canara Bank on deposits that mature in three years or longer but less than five years. FDs with a five-year or longer maturation period will earn 6.70 percent interest.