Bank
Canara Bank increases fixed deposits rates: Read More
According to the bank's official website, the interest rates on callable deposits maturing in 7 days to 10 years range from 4% to 7.25% for the general public and 4% to 7.75% for senior citizens.
New Delhi: Bangalore based public sector bank, Canara Bank has recently increased its interest rates for fixed deposits (FDs) below Rs 2 crore, effective from April 5, 2023. According to the bank's official website, the interest rates on callable deposits maturing in 7 days to 10 years range from 4% to 7.25% for the general public and 4% to 7.75% for senior citizens.
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Meanwhile, non-callable deposits above Rs 15 lakh will enjoy rates up to 7.40% for the general public and 7.90% for senior citizens. Penalty fees will be imposed for premature withdrawals, and senior citizens can receive an additional interest rate of 0.50%.
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