PSB FD 2023: Top Bank Hikes FD Interest Rate, Senior Citizens To Benefit
Most
Canara Bank has introduced a hike in the interest rate below Rs 2 crore for domestic term deposits.
The new rates have already become effective beginning from January 18, 2023, according to the bank's official website.
The banks two fixed deposit tenors are now offering the highest interest rates to citizens.These two tenors are 400 days and 666 days.
Bank Offers 6.50 % p.a. for Canara Tax Saver Deposit scheme (General Public).Maximum deposit acceptable is Rs 1.50 Lakh.
The minimum interest rate for general public begins at 3.25% for FDs for the tenor of 7 days to 45 days.
interest rate goes up to 6.50% p.a. for FDs maturing in 5 years & above to 10 years.a. interest rate for FDs maturing in 666 days.
2.Rate Of Interest For Senior Citizens (Callable)
Senior citizens can get 7.50 % p.a. interest rate for FDs maturing in 666 days.
3.Rate Of Interest For General Public (for Non-Callable deposits above Rs.
15 Lakh)
The minimum interest rate begins at 4.55% for general public for FD maturing in 46 days to 90 days for non-callable deposits and will go to 6.75% for FDs maturing in 5 years and above to 10 years.
4.Rate Of Interest For Senior Citizens (for Non-Callable deposits above
Rs. 15 Lakh)
The minimum rate of interest begins at 4.55% for non-callable deposits maturing in 46 days to 90 days and will go to 7.25% for deposits the maturing in 5 years & above to 10 years.
will remain eligible to receive the maximum 7.75% p.a. interest rate for FDs for tenor of 400 days.
By Renu Baliyan Goodreturns
source: goodreturns.in
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