canara bank interest rates on term deposits

These deposits will get people an interest rate of 6.50 per cent.įor deposits maturing in above 1 to less than 3 years, the bank has decreased the interest rate by 50 basis points these FDs will now give you an interest rate of 6 per cent. However, the interest rate on FDs with one-year maturity period has been left unchanged. Term deposits maturing in 270 days to less than 1 year will also fetch the same interest rate as earlier that is 6.20 per cent.Ĭanara Bank’s latest FD interest rates for general public for 7 to 14 days is 5 per cent, for 15 to 30 days is 5 per cent and for 46 to 60 days is 6 per cent.

For FDs with maturity period 46-269 days, the bank has kept the rate unchanged at 6 per cent. For term deposits with maturity period of 7-45 days, Canara Bank offers 5 per cent interest rate. For the second time in a month, state-owned Canara Bank has revised interest rates on deposits, which are less than Rs 2 crore with effect from August 30.įew days back, after the Reserve Bank of India (RBI) cut the repo rate by 35 basis points, the bank had revised the interest rate on term deposits on August 9.

Canara bank interest rates on term deposits