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HomeBusinessBig news for Canara Bank and IDFC First Bank customers! Account...

Big news for Canara Bank and IDFC First Bank customers! Account holders will get big benefits

FD and Saving Account Interest Rate Hike: Since the increase in the repo rate of the Reserve Bank of India, all the banks are continuously increasing the interest rate of their loan, savings account and fixed deposit schemes. . The country’s largest public sector bank i.e. Canara Bank has decided to increase the interest rates of its savings account (Canara Bank Hike FD Rates) by 5 basis points. Now the bank is offering 3.55% interest rate to its customers. The interest rate of the bank has been implemented from June 29, 2022.

IDFC First Bank (IDFC First Bank FD Rates Hike) has also decided to increase its FD interest rates. The new interest rates on IDFC First Bank FD (FD Rates Hike) have come into effect from July 1, 2022. If you have accounts in both these accounts, then we are telling you about the interest rate offered by both the banks-

Your interest rate will be available on the savings bank account of Canara Bank-

    • Deposits up to 50 lakhs – 2.90%
    • Deposits of Rs 50 lakh to Rs 100 crore – 2.90%
    • Deposits of Rs 100 to 300 crore – 3.10%
    • Deposits of Rs 300 to 500 crore – 3.10%
    • Deposits of Rs 500 to 1000 crore – 3.50%
    • Deposits above 1000 crores- 3.55%

FD rates of IDFC First Bank-

    • FD of 7 to 29 days – 3.50%
    • FD of 30 to 60 days – 4.00%
    • FD of 91 to 180 days – 4.50%
    • FD of 181 days to 1 year – 5.75%
    • 1 year 1 day to 3 year FD – 6.25%
    • 3 years to 5 years – 6.50% (increased by 0.25%)
    • FD of 5 to 10 years – 6.00%

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