Canara Bank FD Rates: Hiked! Interest rates on fixed deposits - What you should know
Senior citizens would earn 50 basis point more across all the brackets.
State-owned Canara Bank on Tuesday raised interest rates on fixed deposits across various maturities by up to 25 basis points.
The revised rates are effective from March 1, 2022, Canara Bank said in a statement.
WATCH | Click on Zee Business Live TV Streaming Below:
Interest rate on fixed deposits for tenure 1 year has been increased to 5.1 per cent while for one-two years it is raised to 5.15 per cent from 5 per cent, it said.
Fixed deposit between 2-3 years would invite interest rate of 5.20 per cent and 3-5 years 5.45 per cent from 5.25 per cent earlier, it said.
Maximum 25 basis point hike has been done for the 5-10 years fixed deposit slab to 5.5 per cent, it added.
Senior citizens would earn 50 basis point more across all the brackets
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.