Canara Bank cut interest rates on FDs, now get a maximum interest rate of 5.35%

  Canara Bank cut interest rates on FDs, now get a maximum interest rate of 5.35%

Canara Bank has reduced the interest rate on Fixed Deposit (FD). Now you will get maximum 5.35% annual interest on doing FD here. The new interest rates on FDs below Rs 2 crore have come into effect from August 9, 2021. In addition, IDBI Bank has also changed the interest rate on FDs.

How much interest will you get in Canara Bank now?

Period New interest rate (in%)

7 to 45 days 2.90

46 to 90 days 3.90

91 to 179 months 3.95

180 days to 1 year 4.40

1 year to 3 years 5.10

3 years to 5 years 5.25

111 days 'Canara Unique' 5.35

5 to 10 years 5.25

How much interest will you get in IDBI Bank now?

Period New interest rate (in%)

7 to 30 days 2.7

31 to 45 days 2.8

46 to 90 months 3.00

91 days to 6 months 3.50

6 months to 1 year 4.30

1 year 1 day to 3 years 5.10

3 years 1 day 5 years less 5.30

5 to 10 years 5.25

10 years 1 day to 20 years 4.80

Yes and Punjab National Bank also changed interest rates this month

Yes and Punjab National Bank have also revised their interest rates on fixed deposits (FDs) this month. Yes Bank is offering a maximum interest rate of 6.50% on FDs. Also Punjab National Bank is offering maximum 5.25% interest on FD.

Interest rate of Punjab National Bank

Period interest rate (in%)

7 to 45 days 2.9

46 to 90 days 3.25

91 to 179 days 3.80

180 to 270 days 4.40

271 days or more but less than 1 year 4.40

1 year 1 day 2 years 5.00

2 years 1 day 3 years 5.10

3 years 1 day 10 years 5.25

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Yes Bank's interest rate

Period New interest rate (in%)

7 to 15 days 3.25

31 to 45 days 3.50

46 to 90 months 4.00

3 months to 6 months 4.50

6 months to 9 months 5.00

9 months to 1 year 5.25

1 year 18 months 5.75

18 months 3 years 6.00

3 years to 5 years 6.25

5 years to 10 years 6.50