Investment Tips: A few days ago, RBI cut the repo rate, due to which some banks have reduced the interest rate on FD. At the same time, some banks have increased the interest rate (Interest rate on FD).
Today we are going to give you information about one of these banks. In this bank, you are being offered a great interest rate on FD. Because of this, those who invest in FD will get a lot of benefit because of it.
Canara Bank's FD is great
Canara Bank has changed the interest rates of Fixed Deposits for its customers. The new rates of FD have been implemented from May 21, 2025. Apart from this, the bank has also updated the interest rates on savings accounts (saving account interest rate).
If you also get FD in the bank instead of investing in the market (Investment in the share market), then it can be a safe investment option for you. Recently, Canara Bank has changed the interest rates of Fixed Deposit for its customers. The new FD rates (FD interest rate) have been implemented from May 21, 2025. Apart from this, the bank has also updated the interest rates on savings accounts.
7 percent interest will be available on FD -
According to the information released on the official website of Canara Bank, Canara Bank (Canara Bank FD Scheme) offers fixed deposits to its customers for a period of 7 days to 10 years. In this, they are given an interest rate of 4 percent to 7.0 percent (FD interest rate). Senior citizens are given 0.50 percent more interest on FD. This much interest will be available on 444 days FD-
If you get a 444-day FD (444-day FD Scheme) in Canara Bank, then the bank has offered bumper returns on this FD. The highest interest given by the bank to the customers is 7.00 percent. Whereas senior citizens are being given 7.50 percent interest on this Fixed Deposit Scheme.
Change in the interest rate of savings account also-
Canara Bank has also changed the interest rates on deposits (Cash deposit rule) for its customers. According to the updated rates issued, the bank's customers are now being given an interest rate (FD Interest rate) of 2.70 percent to 4 percent on their different deposit amounts.
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