Canara Bank offers FD interest rates of 3.25-7.15% p.a. to the general public and 3.25-7.65% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Canara Bank Tax Saving FDs is 6.50% p.a. to the general public for tenures of 5 years. 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).
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*Rates are subject to change as per the bank's discretion.
| Highest slab rate | 7.15% p.a. (666 days) |
| For 1 year | 6.75% p.a. |
| For 2 years | 6.80% p.a. |
| For 3 years | 6.50% p.a. |
| For 4 years | 6.50% p.a. |
| For 5 years | 6.50% p.a. |
| Tax-Saving FD | 6.50% p.a. |
The interest rates are updated as of 28 March 2023
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
| FD Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 45 days* | 3.25 | 3.25 |
| 46 days to 90 days | 4.50 | 4.50 |
| 91 days to 179 days | 4.50 | 4.50 |
| 180 days to 269 days | 5.50 | 6.00 |
| 270 days to less than 1 year | 5.50 | 6.00 |
| 1 year | 6.75 | 7.25 |
| Above 1 year to less than 2 years | 6.80 | 7.30 |
| 400 days | 7.15 | 7.65 |
| 666 days | 7.00 | 7.50 |
| 2 years to less than 3 years | 6.80 | 7.30 |
| 3 years to less than 5 years | 6.50 | 7.00 |
| 5 years to 10 years | 6.50 | 7.00 |
Notes: 1. *Rates applicable only for a single deposit of Rs.5 lakhs & above
2. Minimum tenure of the deposit is 15 days for deposits below Rs 5 lakhs
3. Additional senior citizen interest rates of 0.50% are applicable to only domestic deposits
Card limit is 100% of FD Amount
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7.3%INTEREST ON FD| Tenure | Interest Rates (% p.a.) |
| 5 years | 6.50 |
| Tenure | Interest Rates (% p.a.) |
| 7 days to 45 days | 2.90 |
| 46 days to 90 days | 3.10 |
| 91 days to 179 days | 3.35 |
| 180 days to 269 days | 3.35 |
| 270 days to less than 1 year | 5.75 |
| 1 year | 6.00 |
| Above 1 year to less than 2 years | 6.00 |
| 2 years to less than 3 years | 6.00 |
| 3 years to less than 5 years | 6.00 |
| 5 years to 10 years | 3.40 |
| Tenure | Interest Rates (% p.a.) of Deposits less than Rs 2 crore | Interest Rates (% p.a.) of Deposits from Rs 2 crore to less than Rs 10 crore |
| 1 year | 6.75 | 6.00 |
| Above 1 year to less than 2 years | 6.80 | 6.00 |
| 666 days | 7.00 | NA |
| 2 years to less than 3 years | 6.80 | 6.00 |
| 3 years to less than 5 years | 6.50 | 6.00 |
| 5 years to 10 years | 6.50 | 3.40 |
| 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 | 5.25 | 4.25 | 4.00 | 4.00 | 3.90 |
| GBP | 4.25 | 3.00 | 3.00 | 3.00 | 3.00 |
| EUR | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 |
| CAD | 4.30 | 4.10 | 3.85 | 3.50 | 3.50 |
| AUD | 3.50 | 3.25 | 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
| Period of Deposit | Interest Rates (% p.a.) | ||||
| Currency Of Deposits | |||||
| USD | GBP | EUR | CAD | AUD | |
| 1 month to less than 3 months | 1.50 | 0.75 | 0.05 | 0.75 | 0.75 |
| 3 months to less than 6 months | 1.50 | 0.75 | 0.20 | 1.25 | 1.25 |
| 6 months to less than 1 year | 1.75 | 1.50 | 0.25 | 1.50 | 1.50 |
| 1 year to less than 2 years | 5.25 | 4.25 | 1.50 | 4.30 | 3.50 |
| 2 years to less than 3 years | 4.25 | 3.00 | 1.50 | 4.10 | 3.25 |
| 3 years only | 4.00 | 3.00 | 1.50 | 3.85 | 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 RFC deposit of USD 1 Million & above (or its equivalent in other currencies) please contact the branch.
| Particulars | Secured Credit Card |
| Minimum Card Limit | Rs 10,000 |
| Maximum Card Limit | Rs 25 lakhs |
| Finance Charges | 2% p.m. |
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.
