Canara Bank, the public sector lender, had put up revised interest rates for Fixed deposit (FD), which were scheduled to take effect from August 9, 2021. The bank allows customers to take advantage of fixed deposit At least seven days and all the way up to 10 years. It allows renewal of domestic or NRO fixed deposits for a minimum period of seven days, irrespective of the amount deposited. However, there is a waiting period for renewal depending on the amount deposited. For any amount less than Rs 5 lakh, the waiting period is 15 days. After the renewal of its interest rates, here are the details of those rates according to different categories.
Canara Bank revised FD interest rates for regular citizens
The lender released revised interest rates for regular citizens from 7 days to 10 years for deposits below Rs 2 crore. It is effective from August 9, 2021.
7 days to 45 days – 2.90 percent p.a.
46 days to 90 days – 3.90 percent per annum
91 days to 179 days – 3.95 percent per annum
180 days to less than 1 year – 4.40 percent p.a.
1 year only – 5.10 percent p.a.
Above 1 year to less than 2 years – 5.10 percent p.a.
2 years and above to less than 3 years – 5.10 percent p.a.
3 years and above to less than 5 years – 5.25 percent p.a.
Canara Unique ‘111 Days’ – 5.35 percent p.a.
5 years and above to 10 years – 5.25 percent p.a.
Canara Bank revised FD interest rates for senior citizens
Canara Bank had also revised interest rates for senior citizens, however, this category of customers will continue to get an additional rate of 0.50 per cent on their fixed deposits. It is to be noted that the additional interest that senior citizens can avail is effective from the bracket of 180 days to less than 1 year. Earlier brackets have the same interest rates as regular citizens.
7 days to 45 days – 2.90 percent p.a.
46 days to 90 days – 3.90 percent per annum
91 days to 179 days – 3.95 percent per annum
180 days to less than 1 year – 4.90 percent p.a.
1 year only – 5.60 per cent per annum
Above 1 year to less than 2 years – 5.60 per cent per annum
2 years and above to less than 3 years – 5.60 percent p.a.
3 years and above to less than 5 years – 5.75 percent p.a.
Canara Unique ‘111 Days’ – 5.85 percent p.a.
5 years and above to 10 years – 5.75 per cent per annum
Canara Bank revises FD interest rates for bulk deposits
For bulk deposits, the bank revised its interest rates for the Rs 2 crore and above bracket to less than Rs 10 crore.
redeemable
7 days to 45 days – 2.90 percent p.a.
46 days to 90 days – 3.1 percent per annum
91 days to 179 days – 3.25 percent per annum
180 days to less than 1 year – 3.25 percent p.a.
1 year only – 3.65 percent per annum
Above 1 year to less than 2 years – 3.65 percent p.a.
2 years and above to less than 3 years – 3.65 percent p.a.
3 years and above to less than 5 years – 3.40 percent p.a.
5 years and above to 10 years – 3.40 percent p.a.
non-callable++
7 days to 45 days – NOT APPLICABLE
46 days to 90 days – 3.1 percent per annum
91 days to 179 days – 3.25 percent per annum
180 days to less than 1 year – 3.25 percent p.a.
1 year only – 3.65 percent per annum
Above 1 year to less than 2 years – 3.65 percent p.a.
2 years and above to less than 3 years – 3.65 percent p.a.
3 years and above to less than 5 years – 3.40 percent p.a.
5 Years & Above To 10 Years – No Quotation
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