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Canara Bank Fixed Deposit Rates: Canara Bank has given gifts to crores of its customers. Canara Bank has increased the interest rates on FD up to Rs 3 crore. Before the RBI meeting, the bank has increased the interest rates on FD. Canara Bank has increased the interest rates on FDs of more than 2 years but less than 3 years and FDs of more than 3 years but less than 5 years by 0.60 percent.
Canara Bank increased interest on FD
According to the website of Canara Bank, the new rates have come into effect from December 1, 2024. These interest rates have been revised on FDs up to Rs 3 crore. Canara Bank is offering FD ranging from 7 days to 10 years. After the amendment, Canara Bank is giving 4% to 7.40% interest on FD to common people and 4% to 7.90% interest to senior citizens.
New interest rates on Canara Bank FD
Canara Bank is now offering 4% interest on deposits maturing between 7 to 45 days and 5.25% interest on deposits maturing between 46 to 90 days. Canara Bank is offering 5.50 percent interest on deposits maturing between 91 to 179 days and 6.15 percent interest on deposits maturing between 180 to 269 days. Here you are told the rates of callable and non-callable FD. In callable FD, you can withdraw money before time. In non-callable FD, you cannot withdraw money before time. If you withdraw, you will have to pay a charge.
According to the website of Canara Bank, general and senior citizens are getting this much interest.
| time limit |
General Citizen (Callable) |
senior citizen (callable) |
ordinary citizen (Non-callable – Rs 1 crore to Rs 3 crore) |
senior citizen (Non-callable – Rs 1 crore to Rs 3 crore) |
||||
| Interest Rate (in%) | interest rate (yield) | Interest Rate (in%) | Interest Rate (in%) | Interest Rate (in%) | Interest Rate (in%) | Interest Rate (in%) | Interest Rate (in%) | |
|
7 days to 14 days |
4.00 |
4.06% |
4.00 |
4.06% |
No |
No |
No |
No |
|
46 days to 90 days |
5.25 |
5.35% |
5.25 |
5.35% |
5.35 |
5.46% |
5.35 |
5.46% |
|
91 days to 179 days |
5.50 |
5.61% |
5.50 |
5.61% |
5.60 |
5.72% |
5.60 |
5.72% |
|
180 days to 269 days |
6.15 |
6.29% |
6.65 |
6.82% |
6.25 |
6.40% |
6.75 |
6.92% |
|
270 days to less than 1 year |
6.25 |
6.40% |
6.75 |
6.92% |
6.35 |
6.50% |
6.85 |
7.03% |
|
one year |
6.85 |
7.03% |
7.35 |
7.56% |
7.00 |
7.19% |
7.50 |
7.71% |
|
444 days |
7.25 |
7.45% |
7.75 |
7.98% |
7.40 |
7.61% |
7.90 |
8.14% |
|
More than one year but less than 2 years |
6.85 |
7.03% |
7.35 |
7.56% |
7.00 |
7.19% |
7.50 |
7.71% |
|
More than 2 years but less than 3 years |
7.30 |
7.50% |
7.80 |
8.03% |
7.40 |
7.61% |
7.90 |
8.14% |
|
More than 3 years but less than 5 years |
7.40 |
7.61% |
7.90 |
8.14% |
NA |
NA |
NA |
NA |
|
More than 5 years to 10 years |
6.70 |
6.87% |
7.20 |
7.40% |
NA |
NA |
NA |
NA |