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    How to Apply for Canara Bank Fixed Deposit

    Canara Bank offers various fixed deposit (fd) schemes at competitive interest rates in various tenure ranges. One can easily apply for a Canara Bank fd online without any hassle by with minimal documentation. The minimum investment one can make towards a Canara Bank fd is Rs.1,000 and there is no upper limit on the maximum amount that can be invested. The minimum tenure for which one can hold a deposit in this bank is 15 days, while the maximum is 120 months. All senior citizens will be eligible to avail an additional 0.50% interest, which is over and above the interest rate provided to other individuals.

    Stepwise Process To Apply For Canara Bank Fixed Deposit Online

    Step 1: Log on to the Canara Bank website and login to internet banking by providing username and password

    Step 2: Go to the term deposit opening window and select the ‘New Account’ option to open a fresh term deposit

    Step 3: From the drop down menu, choose the ‘Deposit Product’ and source account from where funds will be transferred

    Step 4: Choose other details such as the type of deposit, amount of investment and tenure range

    Step 5: Choose the interest pay plan, which is the frequency at which interest should be paid

    Step 6: Select the mode of interest payment, which falls under ‘Interest Instructions’. Go to ‘Account Transfer’ and ‘Add to Principal’ to do so

    Step 7: Choose the account to which interest should be paid. Key in the account number

    Step 8: Go to ‘Principal Instructions’ and choose how and where the money should be credited upon maturity

    Step 9: After filling in all details, verify the same and click on ‘Open Deposit’

    Step10: Click ‘Confirm’ and provide the transaction password. An account opening confirmation message will be displayed on the screen

    Documents required for Canara Bank fixed deposit

    Identity Proof :

    • Passport
    • Aadhaar card
    • PAN card
    • Voter ID card
    • Driving licence
    • Government ID card
    • Photo ration card

    Senior citizen ID card

    Address Proof :

    • Passport
    • Telephone bill
    • Electricity bill
    • Bank Statement with Cheque
    • Certificate/ ID card issued by Post office


    1. Is it required to hold an account with Canara Bank to open an fd online?

    Internet banking services are only provided for existing customers. New users will first have to ask the bank for an internet banking ID and password.

    2. Who is eligible to avail net banking services?

    All Canara Bank customers are eligible to avail internet banking facilities. One can apply for the service by filing an application with a respective Canara Bank branch.

    3. Is it possible to open an fd in Canara Bank offline?


    4. Does Canara Bank levy any fee for opening an fd?


    5. What the mandatory documents that the customer has to provide while purchasing an fd with Canara Bank?

    It is mandatory to provide PAN, mobile number and Aadhaar card details, without which an fd cannot be opened.

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