Canara Bank hikes interest rates on fixed deposit interest, check full details here

New Delhi: Public sector lender Canara Bank has delighted investors by raising fixed deposit interest rates by up to 135 basis points during the current festivals. Investors will now get higher returns. According to the Canara Bank website, the new rates have come into effect from October 7.

just Read , Pakistan Rupee becomes world’s best performing currency, up 3.9%

Currently, the bank offers an interest rate of 3.25 per cent for fixed deposits maturing in seven days to 45 days and 4.25 per cent for those maturing in 46 days to 90 days. The interest rate on fixed deposits with maturities of 91 days to 179 days now stands at 4.5 per cent.

Fixed deposits with maturities of 180 to 269 days will now have a simple public interest rate of 5.9 per cent and a senior citizen interest rate of 6.4 per cent. The bank is offering an interest rate of 6 per cent for general public and 6.5 per cent for senior citizens on deposits with tenures ranging from 270 days to less than a year.

The bank is offering an interest rate of 6.5 per cent for general public and 7 per cent for senior citizens for fixed deposits with maturity of one year. Deposits with maturities of more than one year and less than two years will now attract interest at the rate of 6.5 per cent for general public and 7 per cent for senior citizens.

Fixed deposits with a maturity period of 666 days will pay interest at the rate of 7% for general public and 7.5% for senior citizens. For fixed deposits with maturities of two to three years, Canara Bank is currently offering a rate of 6.5% for general public and 7% for senior citizens.

just Read , India’s middle class affected by wheat prices, flour rates continue to rise despite price control measures

Deposits with maturity of more than three years but less than five years will attract interest at the rate of 6.5% for general public and 7% for senior citizens. The interest rate on fixed deposits with maturities of five years or more but less than or equal to ten years is seven per cent for general public and seven and a half per cent for senior citizens.

just Read , Business From attached news here Read

Source link

About admin

Check Also

Gold vs Silver: Buy Gold or Silver this Dhanteras? What will be the profit deal – Gold vs silver What should you buy this Diwali Dhanteras 2022 tuta

In our country, it is considered auspicious to buy gold and silver on the occasion …

Leave a Reply

Your email address will not be published. Required fields are marked *