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Canara Bank has revised interest rates on deposits which are less than 2 crore with effect from 1st October. The bank has slashed as well as hiked interest rates on select deposits. After the latest revision, for term deposits with maturity period 7-45 days, Canara Bank will offer 3% interest rate. For FDs with maturity period 46-90 days, 91 days to 179 days and 180 days to less than 1 Year, the bank will give 4, 4.05 and 4.50% interest rates respectively. For FDs maturing in one year to less than three years, Canara Bank has slashed interest rate by 10 basis points (bps). For term deposits maturing in 1 year, the bank will give 5.30 %and for deposits maturing in above one year to less than three years, the bank will offer an interest rate of 5.25%. For FDs with three to ten years tenure, the state-owned bank will now give slightly higher interest rate. The bank has hiked the interest rate on these deposits by 5 bps.

Canara Bank latest FD interest rates (below 2 crore) for general public effective 1 October

7 days to 45 days -3%

46 days to 90 days - 4%

91 days to 179 days - 4.05%

180 days to less than 1 Year- 4.50%

1 year only - 5.30%

Above 1 year to less than 2 years - 5.25%

2 years & above to less than 3 years - 5.25%

3 years & above to less than 5 years- 5.35 %

5 years & above to 10 Years- 5.35 %

Canara Bank latest FD interest rates (below 2 crore) for senior citizens effective 1 October

Senior citizens will get 50 basis points more than the general customers on deposits maturing in 180 days to 10 Years. For FDs maturing in 7 days to 10 years, senior citizens will get interest rate ranging from 3% to 5.85% depending on the tenure

7 days to 45 days -3%

46 days to 90 days - 4%

91 days to 179 days - 4.05%

180 days to less than 1 Year - 5%

1 year only - 5.90%

Above 1 year to less than 2 years - 5.75%

2 years & above to less than 3 years - 5.75%

3 years & above to less than 5 years - 5.85%

5 years & above to 10 Years - 5.85%

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