Canara bank FD Interest rate increase..!?

Following the RBI's repo rate hike, a bank has been raising interest rates on fixed deposits for the day. Canara bank, a public sector bank, has hiked interest rates on fixed deposit schemes from 0.10 percent to 0.25 percent. Canara bank can take advantage of this interest rate hike when depositing up to Rs 2 crore in fixed deposit schemes for 46 to 10 years. The new interest rate will be available to those who invest in fixed deposit schemes from May 12.The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india on May 4 raised the repo rate to 4.4 percent from 4 percent. Banks are expected to continue to raise interest rates on schemes including loans and fixed deposits. Various banking institutions, including SBI, mahindra BANK' target='_blank' title='kotak mahindra bank-Latest Updates, Photos, Videos are a click away, CLICK NOW'>kotak mahindra bank, ICICI bank, and punjab National bank, have already raised interest rates on fixed deposit schemes. So now you can see Canara bank Fixed Deposit Interest Rates here.

Canara bank Regular Fixed Deposit Schemes:

If you invest for 7 to 45 days, you will get a return of 2.90%. 4 percent for 46 to 90 days, 4.05 percent for 91 to 179 days, 4.50 percent for 180 to 269 days, 4.55 percent for 270 to 1 year, 5.30 percent for 1 year and 5.40 percent for more than 1 year. 5.45 percent for 2 years or 3 years, 5.70 percent for 5 years up to 3 years, and 5.75 percent for 10 years over 5 years.Senior Citizens Fixed Deposit Schemes:

If you invest for 7 to 45 days, you will get a return of 2.90%. 4 percent for 46 to 90 days, 4.05 percent for 91 to 179 days, 5 percent for 180 to 269 days, 5.05 percent for 270 to 1 year, 5.80 percent for 1 year and 5.90 percent for more than 1 year. 5.95 percent for 2 years or 3 years, 5.20 percent for 5 years up to 5 years, and 6.25 percent for 10 years over 5 years.

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fixed deposits interest rate increase

Sowmiya Sriram

13/05/2022 10:02 AM