Canara Bank FD Scheme: If you are also planning to invest your money in the bank’s fixed deposit, then this news is going to be very useful for all of you. So keep reading this news till the end so that you can know the complete information given in this news in detail.
Let us tell you that ever since the repo rate has been reduced by the Reserve Bank of India, all the banks have reduced the interest rates on fixed deposits. Let us tell you all that the Reserve Bank of India has reduced the repo rate by 1 percent this year. This reduction has been done thrice. After the reduction in the repo rate, banks have reduced the fixed deposits of almost all tenures. However, customers are still getting attractive returns on fixed deposits.
In such a situation, in today’s article we are going to tell you all about Canara Bank’s 24-month fixed deposit scheme. So that you can know that if you invest ₹ 400000 in Canara Bank’s 24-month fixed deposit scheme. So how much money will you get on maturity.
Canara Bank FD Scheme: Canara Bank has the facility to make fixed deposits for up to 10 years
Let us tell you that Canara Bank is a government bank and this government bank gives bumper interest of 3.50% to 7.10% on fixed deposits. Fixed deposits can be made in Canara Bank from 7 days to 10 years. Let us tell you that Canara Bank is giving the highest interest of 6.60 percent to respected citizens and bumper interest of 7.10% to Vashisht citizens on the fixed deposit scheme of 444 districts.
The same government bank is giving 6.50% interest to respectable citizens and 7.00% interest to distinguished citizens on fixed deposits of 24 months i.e. 2 years.
Canara Bank FD Scheme: Invest ₹400000 in Canara Bank’s 24 month fixed deposit scheme, you will get bumper interest and return on maturity
If you are also planning to invest your money in Canara Bank’s 24 month fixed deposit scheme, then this is a very good time for all of you that if you invest ₹ 400000 in Canara Bank’s 24 month deposit scheme and you are a common citizen. So let us tell you that common citizens will get a total of 485363 on maturity. In which common citizens will get a profit of 85363 rupees.
On the other hand, if you are a rich citizen and you also invest ₹400000 in Canara Bank’s 24-month fixed deposit scheme. Then you will get a total amount of 492576 on maturity. Which will include a fixed interest of 92576. As we told you, Canara Bank is a government bank. In such a situation, your money will be completely safe here, that is, your money will not sink in Canara Bank’s 24-month fixed deposit scheme.
