Canara Bank has revised interest rates on deposits which are less than ₹2 crores with effect from 8 February 2021. 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 7-45 days, Canara Bank will offer a 2.95% interest rate. For FDs maturing in one year, the bank has slashed the interest rate by 5 basis points (bps). Canara Bank gives 50 basis points more than the general customers to senior citizens on deposits maturing in 180 days to 10 years.

Source: Mint February 07, 2021 02:48 UTC