• Canara Bank FD Calculator

    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 website,
    • 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.

    Canara Bank Fixed Deposit Interest Rates

    Maturity Period Interest rate less than 2 cr Interest rate more than 2 cr
    46 days to 90 days 2.90% 2.90%
    91 days to 179 days 3.90% 3.90%
    180 days to less than 1 Year 3.95% 3.95%
    1 year only 4.40% 4.90%
    Above 1 year to less than 2 years 5.10% 5.60%
    2 years & above to less than 3 years 5.10% 5.60%
    3 years & above to less than 5 years 5.10% 5.60%
    Canara Unique “1111 Days” 5.25% 5.75%
    5 years & above to 10 Years 5.35% 5.85%
    5 years & above to 10 Years 5.25% 5.75%

    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.

    FAQs on Canara Bank Fixed Deposit Calculator

    1. 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.

    2. What is the highest interest rate of fixed deposit by Canara Bank?

      You can get 5.35% interest rate on a fixed deposit with Canara Bank.

    3. 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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