The revised rates are effective from March 1, 2022, Canara Bank said in a statement Interest rate on fixed deposits for tenure 1 year has been increased to 5.1 per cent while for one-two years it is raised to 5.15 per cent from 5 per cent, it said.
Fixed deposit between 2-3 years would invite interest rate of 5.20 per cent and 3-5 years 5.45 per cent from 5.25 per cent earlier, it said Maximum 25 basis point hike has been done for the 5-10 years fixed deposit slab to 5.5 per cent, it added Senior citizens would earn 50 basis point more across all the brackets.
