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    Canara Bank Fixed Deposit Rates

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    5.25% - 7.8% Compound yearly
    Response Time Within 30 minutes
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7% - 7.3% Compound yearly
    Response Time Within 30 minutes

    Canara Bank Fixed Deposit Rates is Rated as "Excellent!" by 31 Users

    Fees & Charges

    Promised Interest Rate

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    How to find the best rates for Canara Bank Fixed Deposit

    Canara Bank is a renowned public-sector bank offering fixed deposit products to its retail customers. The various FD schemes feature competitive interest rates across all tenors; short, medium and long-term making them attractive investment propositions for those who wish to channel savings into a low-risk option.

    Interest rates on fixed deposits are subject to change depending on a banks liquidity requirement and market rate movements. The above table depicts FD rates as per the latest changes made by the bank in order to enable accurate, real-time comparison.

    Canara Bank Short-Term FD Rates

    The lowest rate offered is at 5.25% on a very short holding period of 30 days. The interest rates on schemes with tenors of 60 and 90 days are at an attractive 6.50%. This is stable for a period of 120 days (at 6.5%) and by 0.50% for a period of 6 months (at 7.00%).

    The best rate on short-term holdings with Canara Bank is at 7.25% for a deposit-period of 9 months.

    Canara Bank Medium and Long-Term FD Rates

    Rates are only marginally same for 364 days to 1 Year at 7.25%. The best rate in this category is offered on holdings between at a very appealing for tenors above 13 months to 5 years at 7.50%.

    The updated list of Canara Bank Fixed Deposit Interest Rates, per specific tenures, is listed below:

    Duration of Deposit General Deposit
    7 days to 14 days 5.25
    15 days to 30 days 5.25
    31 days to 45 days 5.50
    46 days to 60 days 6.50
    61 days to 90 days 6.50
    91 days to 179 days 6.50
    180 days to 269 days 7.00
    270 days to less than 1 year 7.15
    1 year only 7.15
    Above 1 year to less than 2 years 7.30
    2 years & above to less than 3 years 7.40
    3 years & above to less than 5 years 7.40
    5 years & above to less than 8 years 7.00
    8 years & above to 10 years 7.00

    *Above Interest rates are as of 06 Dec 2016

    Canara Bank Senior Citizen FD Rates

    Senior citizen FD account-holders will earn an extra 0.5% across all schemes. This puts returns on deposits for this customer-segment in the range of 5.75% to 7.50%.

    Canara Banks interest rates on fixed deposits, indicated above, are depicted on a per annum basis, compounded annually which makes long-term holdings a more profitable option when compared to short-term holdings.

    The updated list of Canara Bank Senior Citizen FD Rates, per specific tenures, is mentioned below:

    Duration of Deposit Senior Citizen Deposit
    7 days to 14 days 5.75
    15 days to 30 days 5.75
    31 days to 45 days 6.00
    46 days to 60 days 7.00
    61 days to 90 days 7.00
    91 days to 179 days 7.00
    180 days to 269 days 7.50
    270 days to less than 1 year 7.65
    1 year only 7.65
    Above 1 year to less than 2 years 7.80
    2 years & above to less than 3 years 7.90
    3 years & above to less than 5 years 7.90
    5 years & above to less than 8 years 7.50
    8 years & above to 10 years 7.50

    *Interest rates mentioned above are as of 06 Dec 2016

    Know how to Link Your KYC Dcuments to Canara Bank Account

    News About Canara Bank Fixed Deposit Rates

    • Interest Rates Slashed in Canara Bank Domestic Deposits

      One of the oldest banks in the country, Canara Bank has revised its interest rates, for regular as well as senior citizen deposits. These new rates are effective from April 13, 2016.

      Canara Bank offers interest rates that starts from 5.25% and 5.75%, per annum for regular and senior citizen deposits, for the shortest tenure of 7 to 14 days. The next term slab of 15 to 30 days, the interest rate for regular and senior citizens deposits remains the same as the previous slab, at 5.25% and 5.75% per annum, respectively. The rate increases to 6.50% per annum (regular deposits) and 7.00% per annum (senior citizens deposits) for the next tenor slab of 46 to 60 days and 91 to 179 days.

      For fixed deposits of 180-269 days, the rate of interest applicable is 7% (regular deposits) and 7.50% (senior citizens). Interest rates for tenors ranging 270 days up to less than 1 year and 1 year only are offered at 7.50% and 8.00% p.a., for regular and senior citizens term deposits respectively. There are three different slabs for tenors above 1 year to less than 2 years; 2 years & above to less than 3 years; and 3 years & above to less than 5 years. All these slabs are available at 7.55% p.a. and 8.05% p.a. interest rate for regular domestic deposits and senior citizen deposits.

      For tenors 5 years & above to less than 8 years, and 8 years & above to less than 10 years, the rate of interest applicable on general and senior citizens deposits are 7.25% and 7.75% per annum respectively.

      26th April, 2016

    • Canara Bank Fixed Deposit Rates

      A popular household name in South India, Canara Bank has dealt major cuts to the interest rates of its products. Owing to the repo rate reduction and the subsequent directive by the Reserve Bank of India, Canara Bank has been doing successive deductions, albeit fractional, to its interest rates. While savings accounts have not been affected in any major way, the traditional investment tool of fixed deposits has faced the brunt of interest downsizing.

      The second month of the last quarter of 2015, November, has seen the lowest interest rate of 4.5% per annum for fixed deposits with Canara Bank. This interest rate is applicable for deposit tenures of 7 days to 45 days. An affable increase of 1.5% is observed for the next tenure slab of 46 days to 90 days and from 91 days to 179 days, the rate of interest goes up a 0.5% notch to 6.5% per annum. Another nominal increase of 0.25% happens for the deposit tenure of 180 days to 269 days and repeats for the tenure of 270 days to 363 days bringing the rate of interest to 7% per annum. The highest rate of interest currently on offer is for the deposit tenure of 364 days to 13 months, at 7.25% per annum. Tenures more than 13 months get a reduced rate of 7% per annum again.

      4th November, 2015

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