Monday, December 16, 2024

Canara Bank revises fixed deposit (FD) rates. How do they compare with PNB, ICICI, HDFC, SBI, Union Bank?

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Canara Bank FD rates: Canara Bank’s fixed deposit (under 3 crore) rates were revised on December 1, 2024. The new bank FD rate ranges from 4% to 7.4% for the general public on different tenures. The return percentage for callable FDs can be as high as 7.9 for senior citizens.

Those looking to invest in fixed deposits must carefully compare Canara Bank revised FD rates with fixed deposit rates in Punjab National Bank, ICICI Bank, HDFC Bank, State Bank of India, Union Bank of India, etc.

Canara Bank revised FD rates

Canara Bank’s revised FD rates for amount 3 crore were effective from December 1, 2024. The new rates start from 4% and can be as high as 7.4% for the general public. Whereas, it can be as low as 4% and as high as 7.9% for senior citizens.

For longer tenures, Canara Bank FD rates can be approximately 6.85% on deposits maturing between one and two years and 7.3% on deposits maturing between two and three years. The highest interest rates is provided on Canara Bank FD for tenure of three years and less than five years with an interest rate of 8.14%.





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