Canara Bank FD Calculator 2025
Canara Bank has a fixed deposit calculator which will help you estimate the amount of interest you will earn on the amount you have invested in a Canara Bank fixed deposit. You can use the calculator on the BankBazaar website or the Canara Bank website.
BankBazaar's Fixed Deposit Calculator
- Step 1: You should go to the BankBazaar FD calculator page.
- Step 2: Choose the interest rate, type of deposit, deposit amount, and tenure.
- Step 3: Select 'Calculate'.
- Step 4: The interest that you earn and the maturity amount will be shown.
How to Use Canara Bank Fixed Deposit Calculator
You can calculate the maturity value of the amount you have invested in a Canara Bank fixed deposit by using the Canara Bank fixed deposit calculator. You have to fill in the fields like tenure, monthly investment amount, and interest rate.
The formula to calculate your amount at maturity is
A = P(1+r/n)^nt
In this formula,
- A is the maturity amount
- P is the amount you have invested
- r is the rate of interest
- n is the number of times the interest has been compounded
- t is the tenure of your deposit
Benefits of Canara Bank Fixed Deposit Calculator
- The Canara Bank fixed deposit calculator helps you to choose the right tenure
- This is easy to use and the calculation process is hassle-free
- You can use the fixed deposit calculator many times and change the values
Features of Canara Bank Fixed Deposit
- The tenure for Canara Bank fixed deposit ranges between seven days and ten years.
- The bank offers special interest rates for a few fixed deposits that mature in 111, 222, 333, 444 and 555 days.
- Under the Deposit Insurance Scheme, Canara Bank deposits up to Rs.5 lakh.
- You can nominate beneficiaries.
- There is a facility to get a loan against your fixed deposit.
Canara Bank FD Interest Rates
The table below depicts the interest rates offered by the Canara Bank for callable deposit of less than Rs. 3 crore. The interest rates are applicable w.e.f. from 1 July 2025
Tenure | Rate of Interest for General Public | Rate of Interest for Senior Citizen |
7 days to 45 days | 3.50% p.a. | 3.50% p.a. |
46 days to 90 days | 4.50% p.a. | 4.50% p.a. |
91 days to 179 days | 4.75% p.a. | 4.75% p.a. |
180 days to 269 days | 5.75% p.a. | 6.25% p.a. |
270 days to less than 1 year | 6.00% p.a. | 6.50% p.a. |
1 year & above to 1 year 3 months only | 6.50% p.a. | 7.00% p.a. |
444 days | 6.60% p.a. | 7.10% p.a. |
Above 1 year to less than 2 years | 6.50% p.a. | 7.00% p.a. |
2 years & above to less than 3 years | 6.50% p.a. | 7.00% p.a. |
3 years & above to less than 5 years | 6.50% p.a. | 7.00% p.a. |
5 years & above to 10 years | 6.50% p.a. | 7.00% p.a. |
The table below depicts the interest rates offered by the Canara Bank for non-callable deposit of more than Rs. 1 crore. The interest rates are applicable w.e.f. from 1 July 2025.
Tenure | Rate of Interest for General Public | Rate of Interest for Senior Citizen |
7 days to 45 days | NA | NA |
46 days to 90 days | 4.60% p.a. | 4.60% p.a. |
91 days to 179 days | 4.85% p.a. | 4.85% p.a. |
180 days to 269 days | 5.85% p.a. | 6.35% p.a. |
270 days to less than 1 year | 6.10% p. a. | 6.60% p.a. |
1 year only | 6.00% p.a. | 7.10% p.a. |
444 days | 6.70% p.a. | 7.20% p.a. |
Above 1 year to less than 2 years | 6.60% p.a. | 7.10% p.a. |
2 years & above to less than 3 years | 6.60% p.a. | 7.10% p.a. |
3 years & above to less than 5 years | NA | NA |
5 years & above to 10 years | NA | NA |
Note:
- Interest rates are applicable for single deposits of Rs. 5 lakh and above. For deposits below Rs. 5 lakh, the minimum deposit tenure is 15 days.
- Senior Citizens receive an additional interest rate of 0.50% on deposits (excluding NRO or NRE and CGA deposits) below Rs. 3 crore with a tenor of 180 days or more.
- The Canara Tax Saver Deposit scheme offers 6.70% p.a. for the general public, with a maximum deposit limit of Rs. 1.50 lakh.
- Super Senior Citizens (80+ years) receive an additional 0.60% p.a. interest rate under the Canara-444 product, with rates of 7.85% p.a. for callable deposits and 8% p.a. for non-callable deposits.
FAQs on Canara Bank Fixed Deposit Calculator
- What is the minimum amount that I can deposit in a Canara Bank fixed deposit account?
The minimum amount that you can deposit is Rs.1,000.
- What is a Canara Bank FD Calculator?
Canara Bank FD Calculator is an online FD calculator that helps in estimating the maturity value and the interest earned for a specific principal amount deposited for a certain duration. The calculator provides an estimated value and not the exact amount that helps in deciding how much to invest or for how long to invest.
- Does Canara Bank provide Loan against FD?
Yes, a loan facility can be availed by the depositors against the Canara Bank fixed deposit scheme, thereby enabling them to access funds during financial obligations without breaking the FD.
- Is there a Premature withdrawal facility available with Canara Bank?
Yes, the premature withdrawal facility is available with Canara Bank and customers can avail this facility to access fund urgently. The base rate will be applied for the tenure for which the deposit is held with the bank.
- Is it safe to invest in Canara Bank FD?
Yes, investing in Canara Bank fixed deposit scheme is absolutely safe as the scheme value of up to Rs.5 lakh is insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) according to the Reserve Bank of India (RBI) guidelines.
- What should be the investment amount approach while using Canara Bank FD calculator?
The investment approach that should be followed while using Canara Bank FD calculator is entering the investment amount investment duration, interest rate, and then select the compounding year of the interest rate to get the final amount.
- What is the penalty for premature closure of FD in Canara Bank?
Canara Bank levies a penalty amount at the rate of 1.00% on the principal amount for premature withdrawal of the fund. But the penalty is not applicable for premature withdrawal of deposits with tenure ranging between seven to 14 days.
- How is interest calculated on FD in Canara Bank?
The interest can be calculated for Canara Bank FD by multiplying the principal amount, tenure, and interest rate per annum by entering the amount, tenure, and rate of interest on the Canara Bank FD calculator.
- Is a nomination facility available for Canara Bank FD?
Yes, a nomination facility is available for Canara Bank FD scheme for all customers of Canara Bank.
- What is cumulative fixed deposit and traditional fixed deposit?
A cumulative fixed deposit is where the interest amount is calculated every month and is added with the principal amount for calculating the interest for the next month. Here, every month's interest will grow and become a part of the invested sum in the next month. The traditional fixed deposit is where the interest for every month is calculated on the first sum that is invested.
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