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Canara Bank launches Special Fixed Deposit Scheme. Check interest rate & tenure
Hyderabad: Canara Bank, India’s third largest nationalized bank, has unveiled a new fixed deposit plan for the general public, including senior citizens. The ‘Canara Bank Special Deposit Scheme’ offers an interest rate of 7.50% for a tenure of 666 days. The 7.50% interest rate is only for senior citizens; however, the rate of interest would […]
Hyderabad:Canara Bank, India’s third largest nationalized bank, has unveiled a new fixed deposit plan for the general public, including senior citizens. The ‘Canara Bank Special Deposit Scheme’ offers an interest rate of 7.50% for a tenure of 666 days.
The 7.50% interest rate is only for senior citizens; however, the rate of interest would be 7% for general customers.
“Now get maximum returns on your investment! Presenting Canara Special Deposit Scheme that offers 7.50% interest by investing for 666 days,” read the caption.
The bank offers multiple FDs for various tenures to its investors. The interest rates for these FDS with different tenures range between 2.90% to 6.40 %. The highest FD rate offered is 6.25% for the general public and 6.40 for senior citizens for a tenure of 5 years & above to 10 years.