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According to the Reserve Bank of India (RBI), banks can offer higher interest rates on deposits of over Rs 15 lakh wherein the customers do not withdraw prematurely.
Latest FD rates compared: HDFC, SBI, and ICICI offer high interest options for depositors under Rs 2 Crore.
The bank currently offers interest rates ranging from 4.00% to 7.20% on FDs maturing in 7 days to more than 6 years. The new FD interest rates are effective from August 16, 2023.
Canara Bank FD rates: Following the latest revision, the bank will offer interest rates on deposits maturing in 7 days to 10 years of 4 per cent to 7.25 per cent for the general public and 4 per cent to 7.75 per cent for senior citizens.
FD Interest Rates: Check the Latest FD Interest Rates, Fixed deposit rates online on ET Wealth by The Economic Times. Get SBI, PNB, HDFC, ICICI Banks Fixed deposit rates, Senior citizens, super senior citizens, and tax saving fd rates of all Institutes and Banks online.