Canara Bank launches a special FIXED DEPOSIT scheme with an interest rate of 7.5%; View benefits, employment and more

New Delhi: Canara Bank has introduced a special fixed deposit system that offers an interest rate of 7.50%. The scheme has a duration of 666 days. The bank under the scheme offers a 7% interest rate for general customers, while seniors receive 7.5% interest on this fixed deposit plan. This scheme is for the amount under Rs 2 crore.

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Canara Bank has shared an infographic on its official Twitter handle detailing the launch of this new 666-day tenure. It wrote: “Get maximum return on investment now! We present Canara Special Deposit Scheme that offers 7.50% interest by investing 666 days.

Canara Retail Utsave

To celebrate the festival season, Canara Bank offers an attractive interest rate for home loans and car loans. In addition, the bank also grants a complete exemption from documentation and processing fees. Customers can apply online and get instant approval of the personal loans.

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The benefits include: lower EMI, attractive interest rates, and good customer support with a long-term relationship.

Canara Bank raises interest rates on loans

The bank previously announced it will raise the Repo-linked lending rate (RLLR) and Marginal Cost of Funds Based lending rate (MCLR) in the wake of the other banks. The revised interest rate took effect on October 7, 2022. The bank increased the MCLR and RLLR across all maturities. It should be noted that RBI raised the Repo rate by 50 basis points a few days ago.

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