Canara bank provides decent interest rates to its investors for fixed deposits. For a year the maximum interest rate is 8.50 percent but for over a year, it’s 9 and slightly over 9 in a few cases. If carefully observed, the interest rates are less for over 5 years.
The rates are even less in some cases as they approach the maximum tenure of 10 years, this is because of the estimation of repo rates which might fall in a few years.
So, the bank keeps the scope of these declining rates and puts the interest rates slightly low as a fallback security in long term cases ranging from 5 to 10 years. Interest Rates for Canara bank saving account is 4% same like other Indian Banks.
Short Canara Bank FD Rates Table
|Name Of Bank||6 Month -1 Year||1-2 Years||2-3 Years||3-5 Years||Above 5 years|
Full Table Canara Bank Fixed deposit interest rates
From Tables, you can understand Canara Bank provides high interest rates for the duration above 6 months. For more details regarding canara bank fixed deposit interest rates visit @ http://www.canarabank.com/english/Scripts/DepositAccounts.aspx