People now understand the importance of money savings very well. Thus everyone is always in search of a good and safe investment scheme. In this case ,Banks are the first go-to option and Fixed Deposits are the safest option to grow your money. In today’s article, we will let you know about Canara Bank’s special scheme where you can get up to 9% interest in FD.
High Interest Fixed Deposit Scheme
Canara Bank is a popular public sector bank. The bank recently announced new interest rates for Fixed Deposit schemes with higher interest rates. If individuals want to invest it is a great opportunity.
Canara Bank Interest Rates on FD Scheme
The bank currently offers various fixed deposit options. If you want to make FD in Canara bank for 3 to 5 years you can get up to 7.4% interest. But if you are a senior citizen you can get an additional 0.5% interest which makes the interest rate 7.9%. Not only this but if you are a super senior citizen then you will get an interest rate of 8.14%.
Other Bank Interest Rates
If you look at other bank interest rates State Bank of India offers 7% for two to three years FD, and Senior Citizens will get an additional 0.5% interest. ICICI Bank user can get 7.80% interest for 15 to 18 months of FD Scheme.
