Canara Bank offers diverse range of fixed deposit schemes for its domestic customers as well as NRIs. These deposit schemes are backed by high-yielding Canara Bank FD rates that allow customers to earn guaranteed returns. Here we shall discuss the various aspects circling fixed deposits by Canara Bank along with the latest Canara Bank FD rates corresponding to the schemes.
Table of Contents
Canara Bank Fixed Deposit Rates 2022
- Fixed Deposits Interest Rates for Domestic & NRO Deposits of less than Rs 2 crore w.e.f. 17.01.2022
| FD Tenure | Canara Bank FD Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 45 days* | 2.90 | 2.90 |
| 46 days to 90 days | 3.90 | 3.90 |
| 91 days to 179 days | 3.95 | 3.95 |
| 180 days to less than 1 year | 4.40 | 4.90 |
| 1 year | 5.00 | 5.50 |
| Above 1 year to less than 2 years | 5.00 | 5.50 |
| 2 years & above to less than 3 years | 5.10 | 5.60 |
| 3 years & above to less than 5 years | 5.25 | 5.75 |
| Canara Unique “1111 Days” | 5.35 | 5.85 |
| 5 years & above to 10 years | 5.25 | 5.75 |
| Canara Amrit “75 Months” | 5.40 | 5.90 |
*Rates applicable only for a single deposit of Rs.5 lakhs & above
- FD Interest Rates for Tax Saving Deposits
| Tenure | Regular Citizens | Senior Citizens |
| 5 years | 5.25% | 5.75% |
Fixed Deposits Interest Rates for Domestic Deposits & NRO of Rs 2 crore to less than Rs 10 crore w.e.f. 09.08.2021 (with premature withdrawal)
Interest Rate (% p.a.) | |
| Tenure | Regular Citizen |
| 7 days to 45 days | 2.90 |
| 46 days to 90 days | 3.10 |
| 91 days to 179 days | 3.25 |
| 180 days to less than 1 year | 3.25 |
| 1 year | 3.65 |
| Above 1 year to less than 2 years | 3.65 |
| 2 years & above to less than 3 years | 3.65 |
| 3 years & above to less than 5 years | 3.40 |
| 5 years & above to 10 years | 3.40 |
Canara Bank NRI FD Rates
Canara Bank NRE FD Rates
NRE or Non-Resident External Fixed Deposit Account is designed for NRI customers of the bank. They can place their foreign savings in this account and earn assured returns on the same as per the prevailing Canara Bank NRE FD rates. Interest earned is not taxable in India while it is fully repatriable along with the deposit amount. The account is maintained in Indian Rupees post-conversion as per the prevailing forex rates.
| Tenure | Interest Rate of Deposits less than Rs 2 crore (w.e.f. 17.01.2022) | Interest Rates of Deposits from Rs 2 crore to less than Rs 10 crore (w.e.f. 09.08.2021) |
| 1 year | 5.00% | 3.65% |
| Above 1 year to less than 2 years | 5.00% | 3.65% |
| 2 years & above to less than 3 years | 5.10% | 3.65% |
| 3 years & above to less than 5 years | 5.25% | 3.40% |
| Canara Unique “1111 Days” | 5.35% | NA |
| 5 years & above to 10 years | 5.25% | 3.40% |
| Canara Amrit “75 Months” | 5.40% | NA |
Canara Bank FCNR FD Rates
FCNR or Foreign Currency Non-Resident Fixed Deposit Account is an investment facility available to NRIs. Here the account is maintained in the original currency in which the deposit was made, i.e. no forex risk is involved. Interest earned is fully repatriable and is not taxable in India.
| Interest rates on FCNR (B) Deposits w.e.f. 07.01.2022 (Interest rate % per annum) | |||||
| Currency Of Deposit | 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 | 0.88 | 1.30 | 1.53 | 1.64 | 1.72 |
| GBP | 1.05 | 1.41 | 1.53 | 1.54 | 1.51 |
| EUR | NIL | NIL | 0.06 | 0.16 | 0.22 |
| CAD | 0.69 | 1.75 | 1.97 | 2.03 | 2.04 |
| AUD | 0.64 | 1.12 | 1.48 | 1.75 | 1.87 |
Note: The aforementioned FD interest rates are applicable for FCNR deposits of less than US$ 1 Million or equivalent in other currencies
Contact bank branches for higher deposits
Canara Bank RFC FD Rates w.e.f. 07.01.2022
Canara Bank RFC or Resident Foreign Currency Fixed Deposit Account is for Returning Indians who are no longer NRIs and wish to park their foreign savings in fixed deposit with the bank. The interest earned is taxable in India while it can be repatriated post-payment of due taxes. The account is maintained in INR (deposit amount is converted in INR).
PERIOD OF DEPOSIT | USD | GBP | EUR | CAD | AUD |
| 1 month & above but less than 3 months | NIL | NIL | NIL | NIL | NIL |
| 3 months & above but less than 6 months | 0.09 | NIL | NIL | 0.02 | NIL |
| 6 months & above but less than 1 year | NIL | 0.23 | 0.03 | 0.10 | NIL |
| 1 year & above but less than 2 years | 0.88 | 1.05 | NIL | 0.69 | 0.64 |
| 2 years & above but less than 3 years | 1.30 | 1.41 | NiL | 1.75 | 1.12 |
| 3 years only | 1.53 | 1.53 | 0.06 | 1.97 | 1.48 |
Note: – The above interest rates are applicable only for RFC deposits of an amount 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.
Read more: Types of Canara Bank NRI FD Schemes
