Banking News Today,FD Interest Rate #Banking

 Banking News Today,FD Interest Rate #Banking

 

Canara Bank has announced that it has hiked interest rates on retail term deposits with tenures of 2 years to 10 years. The revised interest rates are effective from November 27, 2020. (The revised interest rates will be applicable for deposits of less than Rs 2 crore.) According to a press release issued by the bank, after the rate hike, fixed deposits with tenure of 2 years but less than 3 years will fetch 5.40% for the general public and 5.90% for senior citizens -- annualised yield will be 5.51% for the general public and 6.03% for the senior citizens. For fixed deposits with tenure of 3 years or more but up to 10 years, the interest rate offered to general public has been revised to 5.50% and 6% for senior citizens. Related Search - banking news today live, banking news update, banking sector news today, banking news daily, banking news latest updates, banking emi news today, today banking news india, banking news live