Maturity: ₹61,210 at 6.8% p.a. Interest earned: ₹11,210. Senior citizen maturity: ₹62,119.
| Year | Deposit | Interest Earned | Maturity Value |
|---|
A ₹50K Fixed Deposit in Canara Bank for 3 Years at 6.8% p.a. (quarterly compounding) will mature to ₹61,210. You earn ₹11,210 as interest, giving a total return of 22.4% on your investment.
At 6.8% p.a. (quarterly compounding), ₹50K FD in Canara Bank for 3 Years matures to ₹61,210. Interest earned: ₹11,210. Senior citizen maturity: ₹62,119 at 7.3%.
Canara Bank offers 6.8% p.a. for general citizens and 7.3% p.a. for senior citizens on 3 Years Fixed Deposit. The rate applies regardless of the deposit amount.
For ₹50K at 6.8% for 3 Years, you would earn approximately ₹11,210 as interest, making total maturity ₹61,210. Senior citizens earn ₹12,119 at 7.3%.
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.