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Canara Bank Revises Interest Rates On Fixed Deposit: Check New Rates Here
Canara bank, a public sector lender of India has revised interest rates on its fixed deposit which are in force from 09.08.2021. Canara Bank allows term deposits across maturities ranging from 7 days to 10 years. Canara Bank enables domestic/NRO term deposits to be renewed for a minimum of 7 days, regardless of the deposit amount. The minimum renewal period of a deposit below Rs.5 lakh is 15 days. After the most revision, Canara Bank is now offering the following card rates to the general public and senior citizens on fixed deposits.
Canara Bank Regular Fixed Deposit Interest Rates
For term deposits maturing in 7 days to 45 days, 46 days to 90 days and 91 days to 179 days, Canara Bank is now offering an interest rate of 2.90%, 3.90% and 3.95% respectively. On FDs maturing in 180 days to less than 1 Year the public sector bank is providing an interest rate of 4.40%. The bank is now offering an interest rate of 5.10% on FDs maturing in 1 year to less than 3 years. The general public will get an interest rate of 5.25% on their deposits maturing in 3 years & above to less than 5 years.
Canara Bank also offers an "1111 Days" Retail Term Deposit Scheme with an additional 0.10 percent rate of interest over and above the deposit tenor rate. Depositors will receive a 5.35 percent interest rate under this scheme. After the most recent modification, the bank is providing an interest rate of 5.25 percent to the general public 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 less than 1 Year | 4.40 | 4.47% |
| 1 year only | 5.10 | 5.20% |
| Above 1 year to less than 2 years | 5.10 | 5.20% |
| 2 years & above to less than 3 years | 5.10 | 5.20% |
| 3 years & above to less 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 less than Rs.2 Crore, w.e.f. 09.08.2021 |
Canara Bank Fixed Deposit Interest Rates For Senior Citizens
On their deposit amount of less than Rs 2 Cr, senior citizens will continue to get an additional rate of 0.50% than the applicable card rate for the general public. Here are the latest interest rates on fixed deposits provided by Canara Bank to senior citizens.
| 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 less than 1 Year | 4.90 | 4.99% |
| 1 year only | 5.60 | 5.72% |
| Above 1 year to less than 2 years | 5.60 | 5.72% |
| 2 years & above to less than 3 years | 5.60 | 5.72% |
| 3 years & above to less 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 less than Rs.2 Crore, w.e.f. 09.08.2021 |
Canara Bank Domestic Bulk Term Deposits
For Deposits of Rs. 2 Crore & above to less than Rs. 10 Crore, Canara Bank is promising the following interest rates which are in force 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 less than 1 Year | 3.25 | 3.29% | 3.25 | 3.29% |
| 1 year only | 3.65 | 3.70% | 3.65 | 3.70% |
| Above 1 year to less than 2 years | 3.65 | 3.70% | 3.65 | 3.70% |
| 2 years & above to less than 3 years | 3.65 | 3.70% | 3.65 | 3.70% |
| 3 years & above to less 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 less than Rs. 10 Crore, w.e.f. 09.08.2021 |
