Canara Bank has recently changed the interest rate on fixed deposits.
Canara Bank updated FD rates on April 5, just a day before the Reserve Bank Monetary Policy Committee meeting.
1- Maturity Period: 7 Days to 45 Days General Citizens: 4.00% p.a. Senior Citizens: 4.00% p.a.
2- Maturity Period: 46 Days to 90 Days General Citizens: 5.25% p.a. Senior Citizens: 5.25% p.a.
3- Maturity Period: 91 Days to 179 Days General Citizens: 5.50% p.a. Senior Citizens: 5.50% p.a.
4- Maturity Period: 180 Days to 269 Days General Citizens: 6.25% p.a. Senior Citizens: 6.75% p.a.
5- Maturity Period: 270 Days to less than 1 Year General Citizens: 6.50% p.a. Senior Citizens: 7.00% p.a.
6- Maturity Period: 1 Year Only General Citizens: 7.00% p.a. Senior Citizens: 7.50% p.a.
7- Maturity Period: 444 Days General Citizens: 7.25% p.a. Senior Citizens: 7.75% p.a.
8- Maturity Period: Above 1 Year to less than 2 Years General Citizens: 6.90% p.a. Senior Citizens: 7.40% p.a.
9- Maturity Period: 2 Years & above to less than 3 Years General Citizens: 6.85% p.a. For Senior Citizens: 7.35% p.a.
10- Maturity Period: 3 Years & above to less than 5 Years General Citizens: 6.80% p.a. Senior Citizens: 7.30% p.a.
11- Maturity Period: 5 Years & above to 10 Years General Citizens: 6.70% p.a. Senior Citizens: 7.20% p.a.
Canara Bank is now offering a minimum of 4% and a maximum of 7.75% interest on retail term deposits of less than 2 crores.