Canara Bank hikes interest rates on fixed deposits: Check new rates here

Canara Bank Latest FD Rates

The bank will continue to offer an interest rate of 2.90 per cent on deposits maturing in 7 to 45 days, while Canara Bank Will continue to offer an interest rate of 4.00 per cent on fixed deposits maturing in 46 to 90 days. Fixed deposits maturing between 91 to 179 days will continue to pay interest at the rate of 4.05 per cent, however, fixed deposits maturing between 180 and 269 days will now pay an interest rate of 4.65 per cent as against 4.50 per cent earlier. Was. -A 15 basis point increase.

Canara Bank will now offer an interest rate of 4.65 per cent on deposits maturing in 270 days from 4.55 per cent earlier, an increase of 10 bps. Canara Bank increased the interest rate on deposits maturing in one year by just 20 basis points from 5.30 per cent to 5.50 per cent, while retaining the interest rate on the 333-day plan at 5.10 per cent. On deposits maturing in more than 1 year to less than 2 years, Canara Bank will now offer an interest rate of 5.55% from 5.40% earlier, an increase of 15 bps.

The bank has added a new tenure of 666 days, on which it is giving the highest interest rate of 6 percent. Canara Bank Now fixed deposits maturing in 2 years and above will offer an interest rate of less than 3 years at 5.60 per cent, from 5.45 per cent earlier – an increase of 15 basis points. The bank will now offer an interest rate of 5.75 per cent on fixed deposits maturing in 3 years or more but less than 5 years, as against 5.70 per cent earlier, while it maintained its own interest rate of 5.75 per cent on fixed deposits maturing in 5 years has been laid. years or more but less than 10 years.

on deposits up to 1.5 lakh, the bank is offering 5.75 per cent per annum for Canara Tax Saver Deposit Scheme (General Public) and 6.25 per cent for senior citizens. Deposits with tenor of 180 days and above (other than NRO/NRE and CGA deposits) are eligible for an additional interest rate of 0.50 per cent for senior citizens. Canara Bank. The Reserve Bank of India raised its repo rate by 50 basis points to 5.4 per cent from 4.9 per cent, following which the interest rate on fixed deposits in Canara Bank increased. In addition, Canara Bank increased the lending rate linked to its repo rate by 50 basis points (bps), taking it to 8.30%. Effective August 7, the new loan rates will be effective. According to the information published on the website of Canara Bank, the interest rate on the home loan has been increased to 8.10%.

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