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Canara Bank increases fixed deposits rates: Read More

Canara Bank

Canara Bank increases fixed deposits rates

Canara Bank, a Bangalore-based public sector bank, recently boosted its interest rates for fixed deposits (FDs) under Rs 2 crore, effective April 5, 2023. According to the bank’s official website, 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.

Canara Bank

Meanwhile, non-callable deposits exceeding Rs 15 lakh would earn rates of up to 7.40% for the general public and 7.90% for senior persons. Premature withdrawals will incur penalties, and senior people will be eligible for an additional interest rate of 0.50%.