Canara bank fixed deposit interest rates 2022

The interest rate on retail fixed deposits of less than ₹2 Cr has been hiked at the public sector lender Canara Bank. According to the bank's official website, the new rates are in effect as of today, October 7, 2022. Following the adjustment, the bank raised its interest rates for all tenors and is currently providing an interest rate on deposits maturing in 7 days to 10 years that range from 3.25% to 7.00% for the general public and 3.25% to 7.50% for senior citizens. Canara Bank FD Rates The bank increased its interest rate on fixed deposits maturing in 7 days to 45 days by 35 basis points (bps), from 2.90% to 3.25%, and on retail term deposits maturing in 46 days to 90 days by 25 bps, from 4% to 4.25%. Fixed deposits maturing in 91 days to 179 days will now earn interest at a rate of 4.50% (up from 4.05% previously), a 45 basis point increase, while term deposits maturing in 180 days to 269 days will now earn interest at a rate of 5.90% (up from 4.65% previously), a 125 basis point increase. View Full Image Canara Bank FD Rates (canarabank.com) For deposits (other than NRO/NRE and CGA Deposits) less than Rs. 2 Cr. and having a tenor of 180 Days and above, an additional rate of 0.50% is provided for senior citizens. For the Canara Tax Saver Deposit account, Canara Bank is offering 7.00% p.a to the general public and 7.50% for senior citizens. And the interest rate mentioned above also applies to recurring deposits. Canara Bank has mentioned on its website that “Rates ar...

In a statement issued by the bank, it has been said that the interest rate on fixed deposits of 2-3 years has been increased to 5.20 percent and on deposits of 3-5 years to 5.45 percent from 5.25 percent earlier. It said that the interest rate on fixed deposits of 5-10 years has been increased to 5.5 percent by increasing the maximum 0.25 percent. Deposits (other than NRO/NRE and CGA Deposits) less than Rs. 2 Cr and having a tenor of 180 days or more would be eligible for an additional 0.50 percent interest rate for Senior Citizens. Also, Canara Unique Retail Term Deposit Scheme of "1111 Days" offers with an additional rate of interest of 0.10% over and above the rate for the tenor of the deposit. Interest rate To General Public (Domestic) on Deposit of Less Than 2 Crore Tenure 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 less than 1 Year 4.40% 4.47% 1 year only 5.10% 5.20% Above 1 year to less than 2 years 5.15% 5.25% 2 years & above to less than 3 years 5.20% 5.30% 3 years & above to less than 5 years 5.45% 5.56% 5 years & above to 10 Years 5.50% 5.61% Canara Unique "1111 Days" 5.55% 5.67% * Rates are applicable only for a single deposit of Rs.5 Lakh & above. The minimum period for renewal of domestic/NRO term deposits is 7 days irrespective of the size of the deposit. Below Rs.5 Lakh, the Minimum tenor of the deposit is 15 Days. Interest Rates To ...

Canara Bank, a public sector lender, increased interest rates on fixed deposits below ₹2 crore. According to the bank's website, the new rates are effective as of today, July 16, 2022. Following the revision, the bank is currently offering an interest rate on deposits maturing in 7 days to 10 years of 2.90 per cent to 5.75 per cent for the general public and 2.90 per cent to 6.25 per cent for older adults. Canara Bank FD Rates 2022 The bank is now offering an interest rate of 2.90 per cent on deposits maturing in the 7 days to 45 days, and an interest rate of 4.00 per cent on deposits maturing in the 46 days to 90 days. A 4.05 per cent interest rate is currently being offered by Canara Bank on deposits that mature in 91 to 179 days, while a 4.50 per cent interest rate is being offered on term deposits that mature in 180 to 269 days. Deposits maturing in 333 days will now earn an interest rate of 5.10 per cent, while those maturing in 270 days to less than a year will now pay an interest rate of 4.55 per cent. Canara Bank is now giving an interest rate of 5.30 per cent on fixed deposits that mature in a year, and it is now guaranteeing an interest rate of 5.40 per cent on deposits that mature in a year or more but less than two years. At Canara Bank, fixed deposits maturing in 2 years or more but less than 3 years now enjoy an interest rate of 5.45 per cent, while those maturing in 3 years or more but less than 5 years now have an interest rate of 5.70 per cent. On deposits...

Canara Bank Fixed Deposit Rates 2022 Last Updated -- May 3rd, 2023 Canara Bank is a leading public sector bank in India. It offers a variety of Canara Bank also provides With flexible options and attractive interest rates, Canara Bank's fixed deposit products are a reliable investment option for customers looking to grow their savings. Canara Bank Fixed Deposit Rates The fixed deposit rates for the Canara Bank vary according to the amount deposited by the individual. The amount for fixed deposits can be segregated into two categories— FD below INR 2 crores and FDs ranging between INR 2 and 10 crore. Canara Bank Domestic FD Interest Rates - Below Rs.2 Crore Have a look at the table below to understand the Canara Bank FD rates pertaining to fixed deposits made below INR 2 crores. Maturity Period Interest Rate for General Citizens (p.a.) Interest Rate for Senior Citizens (p.a.) 7 to 45 Days 4 Percent 4 Percent 46 to 90 Days 5.25 Percent 5.25 Percent 91 to 179 Days 5.5 Percent 5.5 Percent 180 to 269 Days 6.25 Percent 6.75 Percent 270 Days to less than a Year 6.5 Percent 7 Percent One-Year 7 Percent 7.5 Percent 444 Days 7.25 Percent 7.75 Percent Above One Year to less than Two Years 6.9 Percent 7.4 Percent Two Years to Below Three Years 6.85 Percent 7.35 Percent Three Years & above to Below Five Years 6.8 Percent 7.3 Percent Five Years & above to Ten Years 6.7 Percent 7.2 Percent Note:- The above-mentioned FD interest rates are based on the rates updated on the bank’s w...

Public sector lender Canara Bank has revised FD interest rate higher after the RBI in its August MPC outcome increased the key policy rate by 50 bps. 1Bps is one-hundredth of a percentage point. The new revised rates come into force from August 8, 2022. The revision in FD rate has been made for deposits below Rs. 2 crore. For Deposits less than Rs.2 Crore w.e.f. 08.08.2022 Term Deposits (All Maturities) General Public Senior Citizen 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% 2.9 2.93% 46 days to 90 days 4 4.06% 4 4.06% 91 days to 179 days 4.05 4.11% 4.05 4.11% 180 days to 269 days 4.65 4.73% 5.15 5.25% 270 days to less than 1 Year 4.65 4.73% 5.15 5.25% 333 days Scheme 5.1 5.20% 5.6 5.72% 1 year only 5.5 5.61% 6 6.14% Above 1 year to less than 2 years 5.55 5.67% 6.05 6.19% 666 Days 6 6.14% 6.5 6.66% 2 years & above to less than 3 years 5.6 5.72% 6.1 6.24% 3 years & above to less than 5 years 5.75 5.88% 6.25 6.40% On the FD tenure of 180 day to 269 days, the bank raised interest rate by 15 bps to 4.65%. Likewise, for the tenure of 270 days to less than one year, the bank raised FD rate from 4.55% to 4.65%. Senior citizens on this tenure shall fetch a return of 5.15%. Further on the FD for 1 year tenure, the bank hiked rate by 20 bps to 5.5%. Also for a FD tenure of 1 year to less than 2 years, there has been made a hike by 15 bps to 5.55%.

Canara Bank has announced a special fixed deposit (FD) plan under which the lender is offering interest to its regular customers at a rate of 7 per cent, while senior citizens will receive interest at 7.5 per cent. Canara Bank (Representative Image) “Now get maximum returns on your investment! Presenting Canara Special Deposit Scheme that offers 7.50% interest by investing for 666 days,” the Bengaluru-headquartered bank said in a tweet on Friday. One can apply online on canarabank.com, or visit their nearest branch. For more information, you can call on 1800 425 0018 or 1800 103 0018. Canara Bank lending rates From today, the revised Marginal Cost of Funds Based Lending Rate (MCLR) will come into effect. MCLR has been hiked to 7.05 per cent, 7.40 per cent, and 7.80 per cent for 1 month, 3 months and 6 months respectively; each has been raised by 15 basis points. Meanwhile, the 1-year MCLR has been hiked 1 basis point to 7.90 per cent. Canara Bank latest FD rates For deposits maturing in 7 days to 10 years, Canara Bank's interest ranges from 2.90 per cent to 5.75 per cent for general public, and 2.90 per cent to 6.25 per cent for senior citizens.