Canara Bank of the Public Sector is offering excellent interest on fixed deposits.
Recently, Canara Bank has increased the interest rates on fixed deposits.
Let us tell you that recently, Canara Bank launched a new fixed deposit scheme of 400 days.
Investing in this 400-day new fixed deposit scheme will earn interest at the rate of 7.75 percent per annum.
The bank is offering interest at the rate of 7.45 percent to the general public on non-callable deposits of 400 days above Rs 15 lakh.
Senior citizens will get the rate of 7.75% per annum on investments in Fixed deposits for a period of 400 days.
Canara Bank is offering interest at the rate of 7 percent on a 666-day fixed deposit.
Canara Bank is offering a 7.5 percent interest rate to senior citizens on 666 days of Fixed deposits.
Duration: Above two years and three years Interest rate: 6.8 percent Senior citizens: 7.3 percent
Tenure: More than three years and less than five Interest rate: 6.5 percent Senior citizens: 7 percent
These rates are applicable on deposits of less than Rs 2 crore. The new rates are applicable from 18 January 2023.