Finance News : Interest rates on fixed deposits of senior citizens of Canara Bank

Canara Bank Regular Fixed Deposit Interest Rates

For time period deposits maturing in 7 days to 45 days, 46 days to 90 days and 91 days to 179 days, Canara Bank is now providing an rate of interest of two.90%, 3.90% and three.95% respectively. On FDs maturing in 180 days to lower than 1 Year the general public sector financial institution is offering an rate of interest of 4.40%. The financial institution is now providing an rate of interest of 5.10% on FDs maturing in 1 yr to lower than 3 years. The common public will get an rate of interest of 5.25% on their deposits maturing in 3 years & above to lower than 5 years.

Canara Bank additionally gives an “1111 Days” Retail Term Deposit Scheme with an extra 0.10 p.c fee of curiosity over and above the deposit tenor fee. Depositors will obtain a 5.35 p.c rate of interest below this scheme. After the latest modification, the financial institution is offering an rate of interest of 5.25 p.c to most of the people on FDs maturing in 5 years and above to 10 years.

Term Deposits (All Maturities) Rate of Interest (% p.a.) Annualised Interest yield (% p.a.)
7 days to 45 days* 2.90 2.93%
46 days to 90 days 3.90 3.96%
91 days to 179 days 3.95 4.01%
180 days to lower than 1 Year 4.40 4.47%
1 yr solely 5.10 5.20%
Above 1 yr to lower than 2 years 5.10 5.20%
2 years & above to lower than 3 years 5.10 5.20%
3 years & above to lower than 5 years 5.25 5.35%
Canara Unique “1111 Days” 5.35 5.46%
5 years & above to 10 Years 5.25 5.35%
Source: Canara Bank, for deposits lower than Rs.2 Crore, w.e.f. 09.08.2021

Interest rates on fixed deposits of senior citizens of Canara Bank

On their deposit quantity of lower than Rs 2 Cr, senior residents will proceed to get an extra fee of 0.50% than the relevant card fee for most of the people. Here are the most recent rates of interest on mounted deposits offered by Canara Bank to senior residents.

Term Deposits (All Maturities) Rate of Interest (% p.a.) Annualised Interest yield (% p.a.)
7 days to 45 days* 2.90 2.93%
46 days to 90 days 3.90 3.96%
91 days to 179 days 3.95 4.01%
180 days to lower than 1 Year 4.90 4.99%
1 yr solely 5.60 5.72%
Above 1 yr to lower than 2 years 5.60 5.72%
2 years & above to lower than 3 years 5.60 5.72%
3 years & above to lower than 5 years 5.75 5.88%
Canara Unique “1111 Days” 5.85 5.98%
5 years & above to 10 Years 5.75 5.88%
Source: Canara Bank, for deposits lower than Rs.2 Crore, w.e.f. 09.08.2021

Canara Bank Domestic Bulk Term Deposits

For Deposits of Rs. 2 Crore & above to lower than Rs. 10 Crore, Canara Bank is promising the next rates of interest that are in pressure from 09.08.2021.

Term Deposits (All Maturities) Callable Non-Callable ++
Rate of Interest (% p.a.) Annualised Interest yield (% p.a.) Rate of Interest (% p.a.) Annualised Interest yield (% p.a.)
7 days to 45 days 2.9 2.93% – NA – @
46 days to 90 days 3.1 3.14% 3.1 3.14%
91 days to 179 days 3.25 3.29% 3.25 3.29%
180 days to lower than 1 Year 3.25 3.29% 3.25 3.29%
1 yr solely 3.65 3.70% 3.65 3.70%
Above 1 yr to lower than 2 years 3.65 3.70% 3.65 3.70%
2 years & above to lower than 3 years 3.65 3.70% 3.65 3.70%
3 years & above to lower than 5 years 3.4 3.44 3.4 3.44%
5 years & above to 10 Years 3.4 3.44 No Quotes @
For Deposits Rs. 2 Crore & above to lower than Rs. 10 Crore, w.e.f. 09.08.2021

 

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