Canara Bank FD Scheme: Experts believe that due to inflation being under control, RBI can once again cut the repo rate. If there is a cut in the repo rate, then the interest rates on FD will be reduced once again. Let us tell you that this year the repo rate has been reduced by 1.00 percent, due to which the interest rates on FD have also reduced. If you are also planning to open an FD account, then you will have to take the decision as soon as possible. Today we are going to tell you about an FD scheme of Canara Bank, in which fixed interest of Rs 79,500 can be obtained by depositing just Rs 2 lakh.
Interest up to 7.10 percent is available on FD accounts in Canara Bank.
Public sector Canara Bank is currently giving interest ranging from 3.25 percent to 7.00 percent on FD scheme to its customers. FD can be made in Canara Bank for at least 7 days. FD accounts can be opened in Canara Bank for a maximum period of 10 years. This government bank is giving the highest interest of 6.50 percent to general citizens, 7.00 percent to senior citizens and 7.10 percent to super senior citizens on 444 days special FD scheme. Let us tell you that under FD scheme, you get fixed amount of interest after a fixed time and there is no up-down in it.
Canara Bank is offering great interest on 5 year FD
Currently, general citizens are getting 6.25 percent interest and senior citizens are getting 6.75 percent interest on 5 year FD in Canara Bank. If you are an ordinary citizen and deposit Rs 2 lakh in a 5-year FD in Canara Bank, then you will get a total of Rs 2,72,708 on maturity, of which there is a fixed interest of Rs 72,708. If you are a senior citizen and deposit Rs 2 lakh in a 5-year FD in Canara Bank, then you will get a total of Rs 2,79,500 on maturity, which includes fixed interest of Rs 79,500.
Disclaimer: This article has been written for information purposes only. Always consult your financial advisor before making any kind of investment or taking any financial risk. India TV will not be liable for any kind of risk.
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