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The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, RFC and FCNR (B) fixed deposits. Canara Bank accepts FCNR (B) fixed deposits and RFC fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro (EUR), Canadian Dollar (CAD), and Australian Dollar (AUD).
Canara Bank FD Interest Rates 2026 – Highlights
| Highest slab rate | 6.50% p.a. (for 555 days) |
| For 1 year | 6.25% p.a. |
| For 2 years | 6.25% p.a. |
| For 3 years | 6.25% p.a. |
| For 4 years | 6.25% p.a. |
| For 5 years | 6.25% p.a. |
| Tax-Saving FD | 6.25% p.a. |
Interest rates are as of 19 March 2026
Book FDs at Interest rate upto 8.00% p.a
Manage all FDs in one place
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Canara Bank FD Rates
Domestic/NRO/NRE Deposits of less than Rs 3 crore w.e.f. 5 January 2026
| FD Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 45 days* | 3.00 | 3.00 |
| 46 days to 90 days | 4.00 | 4.00 |
| 91 days to 179 days | 4.25 | 4.25 |
| 180 days to 269 days | 5.25 | 5.75 |
| 270 days to less than 1 year | 5.50 | 6.00 |
| 1 year to 1 year 3 months | 6.25 | 6.75 |
| 444 days | 6.45 | 6.95 |
| 555 days | 6.50 | 7.00 |
| Above 1 year 3 months to less than 2 years | 6.25 | 6.75 |
| 2 years to less than 3 years | 6.25 | 6.75 |
| 3 years to less than 5 years | 6.25 | 6.75 |
| 5 years to 10 years | 6.25 | 6.75 |
Notes: 1. *Rates applicable only for a single deposit of Rs 5 lakh & above
2. Minimum tenure of the deposit is 15 days for deposits below Rs 5 lakh
3. Additional senior citizen interest rates of 0.50% are applicable only to domestic deposits.
4. The minimum tenure for NRE deposits is 1 year.
5. Additional super senior citizen (80 years & above) interest rates of 0.10% are applicable for tenure 444 days and 555 days.
Check the maturity amount on your deposits using our FD calculator
Explore Investment Options:
| Bonds | Types of Bonds | Bonds vs FD |
| Corporate Bonds | Tax Free Bonds | Capital Gain Bonds |
| Government Bonds | Zero Coupon Bonds | Floating Rate Bonds |
Comparison of Top 20 Scheduled Banks based on FD Rates
Banks | Highest FD rate (% p.a.) | 1-year FD rate (% p.a.) | 3-year FD rate (% p.a.) | 5-year FD rate (% p.a.) | Additional interest rate for senior citizens (% p.a.) |
| Suryoday Small Finance Bank | 7.90 | 7.25 | 7.25 | 7.90 | 0.20 |
| Jana Small Finance Bank | 8.25 | 7.00 | 7.50 | 7.77 | 0.50 |
| ESAF Small Finance Bank | 8.00 | 4.75 | 6.00 | 5.75 | 0.50 |
| Utkarsh Small Finance Bank | 7.50 | 6.00 | 7.50 | 7.00 | 0.50 |
| Ujjivan Small Finance Bank | 7.45 | 7.25 | 7.20 | 7.20 | 0.50 |
| Shivalik Small Finance Bank | 7.80 | 6.00 | 6.75 | 6.25 | 0.50 |
| Equitas Small Finance Bank | 7.40 | 6.90 | 7.00 | 7.00 | 0.50 |
| Bandhan Bank | 7.25 | 7.00 | 7.00 | 5.85 | 0.50-0.75 |
| DCB Bank | 7.15 | 6.90 | 7.00 | 7.00 | 0.25-0.50 |
| RBL Bank | 7.20 | 7.00 | 7.20 | 6.70 | 0.50 |
| Capital Small Finance Bank | 7.15 | 7.00 | 7.00 | 6.90 | 0.50 |
| SBM Bank | 7.85 | 7.10 | 7.10 | 7.00 | 0.50 |
| AU Small Finance Bank | 7.10 | 6.35 | 7.10 | 6.75 | 0.50 |
| Central Bank of India | 6.50 | 6.20 | 6.00 | 6.00 | 0.50 |
| YES Bank | 7.00 | 6.65 | 7.00 | 6.75 | 0.50-0.75 |
| Induslnd Bank | 7.00 | 6.75 | 6.90 | 6.65 | 0.50 |
| Unity Small Finance Bank | 7.50 | 7.50 | 6.75 | 6.75 | 0.50 |
| Federal Bank | 6.75 | 6.25 | 6.75 | 6.40 | 0.50 |
| Bank of India | 6.60 | 6.25 | 6.25 | 6.00 | 0.50 |
Canara Bank Tax Saver Deposit
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years | 6.25 | 6.75 |
Canara Green Deposit FD Rates for Domestic Deposits of less than Rs 3 crore w.e.f. 5 January 2026
| FD Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 1111 days | 6.10 | 6.60 |
| 2222 days | 6.05 | 6.55 |
| 3333 days | 6.05 | 6.55 |
Interest rates on FCNR (B) Deposits w.e.f. 19 December 2025
| Currency Of Deposit | Interest Rates (% p.a.) | ||||
| 1 year to less than 2 years | 2 years to less than 3 years | 3 years to less than 4 years | 4 years to less than 5 years | 5 years only | |
| USD (less than 1 lakh) | 5.10 | 3.90 | 3.70 | 3.50 | 3.50 |
| USD (1 lakh & above) | 5.15 | 3.90 | 3.70 | 3.50 | 3.50 |
| GBP | 4.20 | 3.00 | 2.50 | 2.50 | 2.50 |
| EURO | 2.70 | 2.00 | 1.50 | 1.50 | 1.50 |
| CAD | 3.20 | 3.25 | 3.00 | 3.00 | 3.00 |
| AUD | 3.70 | 3.50 | 3.00 | 3.00 | 3.00 |
Note: The aforementioned FD interest rates are applicable for deposits of less than US$ 1 Million or equivalent in other currencies
Canara Bank RFC FD Rates w.e.f. 19 December 2025
| Period of Deposit | Interest Rates (% p.a.) | |||||
| USD (less than 1 lakh) | USD (1 lakh & above) | GBP | EUR | CAD | AUD | |
| 1 month to less than 3 months | 0.10 | 0.10 | – | – | 0.10 | 0.10 |
| 3 months to less than 6 months | 0.10 | 0.10 | – | – | 0.10 | 0.10 |
| 6 months to less than 1 year | 0.10 | 0.10 | – | – | 0.10 | 0.10 |
| 1 year to less than 2 years | 5.10 | 5.15 | 4.20 | 2.70 | 3.20 | 3.70 |
| 2 years to less than 3 years | 3.90 | 3.90 | 3.00 | 2.00 | 3.25 | 3.50 |
| 3 years only | 3.70 | 3.70 | 2.50 | 1.50 | 3.00 | 3.00 |
Note: – The above interest rates are applicable only for deposits of less than USD 1 Million (or its equivalent in other currencies). For an RFC deposit of USD 1 Million & above (or its equivalent in other currencies) please contact the branch.
Types of Canara Bank FD Schemes
Regular Fixed Deposit
- Minimum Investment: Rs 1,000
- Tenure: Minimum 15 days (7-14 days in case of single deposit of Rs 5 lakh and more); Maximum: 10 years
- Periodicity of interest payment: Half-yearly, Monthly (at discounted rates), Quarterly or Annual intervals as per depositor’s choice.
- Senior citizens can avail 0.50% additional interest rate on deposits of less than Rs. 2 crores with a tenor of 180 days and more. Additional senior citizen FD rates are not available for NRE, NRO, and Capital Gains Deposit Scheme.
- A nomination facility is applicable.
- A loan facility is available for up to 90% of the fixed deposit amount.
- The deposit will be automatically renewed for a similar duration from the date of maturity at the interest rate in effect on the maturity date for the original deposit period (except Special deposits, Capital Gains Scheme, NRE deposits, Canara Tax Saver Scheme, Non-callable term deposits, Court Deposits, etc.).
Kamadhenu Deposit – Re-investment Plan
- Kamadhenu deposit is a re-investment plan in which the interest component is reinvested and thereby, helps depositors in deriving the power of compounding.
- Minimum deposit amount: Rs 1,000
- Tenure: 5 months to 10 years
- The interest is compounded quarterly.
- An additional 0.50% p.a. interest rate is offered to senior citizen FD depositors.
- Depositors can avail loan for up to 90% of the deposit amount.
- The auto-renewal facility is available.
Ashraya Deposit Scheme (For Senior Citizens)
- Eligibility
- Individuals, who have attained the age of 60 years and above, in single/joint names.
- Accounts can be opened jointly with other senior citizens or with others under the age of 60 years in the case of a joint account, provided that the senior citizen is the primary depositor.
- Minimum investment amount: Rs 1,000
- Tenure: 15 days-10 years; Minimum 5 months for Kamadhenu Deposit.
- Periodicity of interest payment: Half-yearly, Monthly (at discounted rates) and Quarterly interest payout options are available.
- The interest is compounded quarterly on Kamadhenu Deposits and is paid on maturity.
- A loan facility is available for up to 90% of the deposit amount.
Canara Bank Tax Saver Scheme
- Minimum investment amount: Rs 100 (thereafter in multiples of Rs 100 )
- Maximum investment amount: Rs 1.5 lakh
- Tenure: 5 years
- Interest payout: Monthly (discounted) or quarterly; Compounded quarterly on Kamadhenu Deposit.
- Nomination facility is available on Tax Saver FD Scheme. In the case of an account opened on behalf of a minor, a Company, a Firm, HUF, an Association of Persons, or a Body of Individuals, no nomination can be accepted.
- Benefits of income tax deduction up to Rs. 1.5 lakh under Section 80C of the Income Tax Act, 1961.
Canara Green Deposit
- In Canara Green Deposit, deposits are set aside exclusively for environmentally friendly initiatives and projects. The funds are used for green financing, including sustainable infrastructure development, renewable energy projects, eco-friendly businesses and more.
- Minimum deposit amount: Rs 1,000
- Tenure: 1111 days; 2222 days; 3333 days
- An additional 0.50% p.a. interest rate is offered to senior citizen FD depositors with tenure of 180 days and above.
- Depositors can avail loan against their deposit amount.
- The nomination facility is available.
Premature Withdrawal of Fixed Deposits
For Regular Fixed Deposits & Kamadhenu Deposits
- Part withdrawal/premature closure/premature extension of Domestic or NRO fixed deposits of less than Rs. 2 crores opened or renewed on or after 12 March 2019 would attract a penalty of 1%.
- Fixed deposits that are prematurely converted, closed, or withdrawn, under the Capital Gains Account Scheme-1988 are subject to a penalty of 1%, regardless of the deposit amount.
- Part withdrawal of deposits in units of Rs.1,000 is allowed, while the remainder of the account continues to earn the contracted rate of interest.
For Ashraya Deposit Scheme (For Senior Citizens)
- Premature closure of deposits of less than Rs. 1 crore that are placed or renewed on or after 4 February 2011 and of deposits less than Rs. 2 crores that are placed or renewed on or after 12 March 2019 would attract a penalty of 1%.
For Canara Bank Tax Saver Scheme
- Premature closure is not permitted except in the case of the death of a depositor.
For Canara Green Deposit Scheme
- Premature withdrawal of green deposits is allowed, subject to a penalty of 1% on premature closure/part withdrawal or premature extension of deposits accepted or renewed on or after 12 March 2019.
FD Calculator
Customers are advised to analyze their returns well in advance when parking their money in fixed deposits. To do so, fixed deposit calculators are available online. Paisabazaar’s Canara Bank FD calculator helps customers easily plan their investment, taking not more than a few minutes.
Simply enter the deposit amount, tenure, and the applicable fixed deposit interest rates and hit that Calculate button. In seconds, the online calculator shall give the customers an approximate total interest that they will earn based on the rate of interest. One can use it for different periods, like 1 year, 1.5 years or 5 years, etc., and check how fairly their investment rewards them.
FAQs:
Q: What is the monthly income scheme of Canara Bank?
A: Canara Bank does not offer any fixed deposit variant branded as ‘Canara Bank Monthly Income Scheme’ or Canara Bank MIS Scheme. However, individuals who wish to receive monthly interest from their fixed deposits can opt for the “monthly interest pay-out option”. As the interest rates of Canara Bank FDs are compounded quarterly, the monthly interest is paid at discounted rates. The principal amount is repaid to the depositor on the maturity of the FD.