Maturity: ₹26,757 at 6.85% p.a. Interest earned: ₹1,757. Senior citizen maturity: ₹26,889.
| Year | Deposit | Interest Earned | Maturity Value |
|---|
A ₹25K Fixed Deposit in Canara Bank for 1 Year at 6.85% p.a. (quarterly compounding) will mature to ₹26,757. You earn ₹1,757 as interest, giving a total return of 7.0% on your investment.
At 6.85% p.a. (quarterly compounding), ₹25K FD in Canara Bank for 1 Year matures to ₹26,757. Interest earned: ₹1,757. Senior citizen maturity: ₹26,889 at 7.35%.
Canara Bank offers 6.85% p.a. for general citizens and 7.35% p.a. for senior citizens on 1 Year Fixed Deposit. The rate applies regardless of the deposit amount.
For ₹25K at 6.85% for 1 Year, you would earn approximately ₹1,757 as interest, making total maturity ₹26,757. Senior citizens earn ₹1,889 at 7.35%.
Yes, premature withdrawal is allowed. Canara Bank's policy: 1% penalty on applicable rate. You will receive a reduced interest rate on early withdrawal.
Compare with other banks on this page to find the best rates. Bank FDs offer DICGC insurance up to \u20B95 Lakh. Consider both rate and safety.