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
Dailyhunt