Canara Bank revises FD interest rates, customers will get good returns up to 7.90%.

Canara Bank Fixed Deposit Rate: If you are a customer of Public Sector Canara Bank then this news is useful for you. Actually, Canara Bank has changed the interest rates on fixed deposits. This interest rate has been revised on FDs up to Rs.3 crore. According to the bank’s website, the new rates are effective from December 1, 2024.

Canara Bank offers FDs from 7 days to 10 years. After the revision, Canara Bank is offering 4% to 7.40% interest on FD to general public and 4% to 7.90% to senior citizens.

New interest rate on Canara Bank FD
Canara Bank is now offering 4 percent interest rate on FDs maturing between 7 to 45 days and 5.25 percent interest rate on deposits maturing between 46 to 90 days. Canara Bank is offering an interest rate of 5.50 percent on deposits maturing in 91 to 179 days and 6.15 percent on deposits maturing in 180 to 269 days. The bank offers 6.25 percent interest rate on FDs of 70 days and less than 1 year, 6.85 percent on 1 year FDs, and 7.25 percent interest rate on FD schemes that mature in 444 days.

FD Rates for Super Senior Citizens-
According to the Canara Bank website, an additional interest rate of 0.60 per cent for super senior citizens (80 years and above) has been introduced only under the Canara-444 scheme. It will be 7.85 percent for callable deposits and 8 percent for non-callable deposits.

Tags: Bank FD, Canara Bank, FD Rates, Fixed Deposits