Canara Bank has recently made revisions to the interest rates for fixed deposits on amounts below Rs 2 crore
The updated rates, as detailed on the bank's official website, came into effect on August 12, 2023.
For deposits maturing between 7 and 45 days, an interest rate of 4% will be applicable.
Deposits with a maturity period ranging from 46 to 90 days will yield a rate of 5.25%.
Canara Bank is currently offering a 5.5% interest rate for deposits maturing between 91 and 179 days.
Term deposits reaching maturity within 180 to 269 days will attract an interest rate of 6.25%
Deposits maturing within 270 days to less than a year will now accrue an interest rate of 6.50%.
Those with deposits maturing at 1 year will be eligible for a 6.90% interest rate
Deposits reaching maturity at 444 days will earn an attractive 7.25% interest rate