Updated Feb 07, 2021 | 18:00 IST
The bank has cut interest on deposits maturing in one year. For FDs with tenures 2 years to ten years, Canara Bank has hiked interest rates Canara Bank revises fixed deposit rates. Check latest rates here | Photo Credit: BCCL
New Delhi: State-owned Canara Bank has revised interest rates on deposits which are less than Rs 2 crores with effect from 8 February 2021.
The bank has cut interest on deposits maturing in one year. For FDs with tenures 2 years to ten years, Canara Bank has hiked interest rates. After the latest revision, for term deposits with a maturity period of 7-45 days, Canara Bank will offer a 2.95% interest rate. For FDs with maturity period 46-90 days, 91 days to 179 days, and 180 days to less than 1 Year, the bank will give 3.9, 4 and 4.45% interest rates respectively.