Canara Bank hikes FD interest rates for select maturities. Latest rates here

  • Senior citizens will get 50 basis points more than the general customers on deposits maturing in 180 days to 10 Years
  • Canara Bank has slashed as well as hiked interest rates on select deposits

Written By Sangeeta Ojha
Updated7 Oct 2020, 12:10 PM IST
Canara Bank latest FD interest rates (below  <span class='webrupee'>₹</span>2 crore) for general public effective 1 October.
Canara Bank latest FD interest rates (below ₹2 crore) for general public effective 1 October.(Mint)

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%

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
First Published:7 Oct 2020, 12:10 PM IST
HomeMoneyPersonal FinanceCanara Bank hikes FD interest rates for select maturities. Latest rates here

Most Active Stocks

Tata Steel

166.80
03:59 PM | 15 JUL 2024
-1.9 (-1.13%)

NTPC

385.65
03:58 PM | 15 JUL 2024
8.4 (2.23%)

Bank Of Baroda

258.60
03:53 PM | 15 JUL 2024
7.85 (3.13%)

Bharat Electronics

331.25
03:55 PM | 15 JUL 2024
-2.05 (-0.62%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Indian Overseas Bank

68.33
03:41 PM | 15 JUL 2024
4.68 (7.35%)

M M T C

94.92
03:40 PM | 15 JUL 2024
6.31 (7.12%)

NLC India

297.75
03:57 PM | 15 JUL 2024
18.6 (6.66%)

IDBI Bank

91.54
03:58 PM | 15 JUL 2024
5.6 (6.52%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    74,771.000.00
    Chennai
    73,827.000.00
    Delhi
    73,972.000.00
    Kolkata
    74,045.000.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.75/L0.00
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsCibilPremiumMint Shorts