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For savings accounts with balances above Rs 100 crore, Canara Bank has increased savings account interest rates. The bank has hiked savings account rate by 5 basis points for outstanding balance of Rs 100 crore to less than Rs 500 crore, the bank offers interest rate of 3.10 percent after the hike.
Canara Bank will now offer a 3.40 percent interest rate on outstanding savings account balances of 500 crore to less than 1000 crore. The interest rate on savings account balances of Rs. 1000 crore and above was raised by the bank by 5 basis points, to 3.55 percent. (These rates are effective from June 29, 2022)
Table
Other banks’ savings account interest rates
and offer an interest rates of 3.00 percent on savings account deposits under Rs 50 lakh and 3.50 percent on deposits beyond Rs 50 lakh. offers a savings account interest rate of 2.70 percent on all accounts. For accounts with balances under Rs. 10 lakh, gives 2.70 percent; for balances over Rs. 10 lakh, the interest rate is 2.75 percent.
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