Fixed Deposits are one of the most popular modes of investment among the masses. FD schemes offered by Canara Bank provide attractive interest rates as well as returns. The Canara Bank fixed deposit interest rates range from 3.25% p.a. to 7.00% p.a.
Tenure of the fixed deposit | Rate of Interest (% p.a.)General Public | Rate of Interest (% p.a.) | |
| Senior Citizens |
| |
7 days to 45 days* | 3.25% p.a. | 3.25% p.a. |
|
46 days to 90 days | 4.25% p.a. | 4.25% p.a. | |
91 days to 179 days | 4.50% p.a. | 4.50% p.a. |
|
180 days to 269 days | 5.50% p.a. | 6.00% p.a. |
|
270 days to less than 1 year | 5.75% p.a. | 6.25 |
|
1 year and above 1 year 3 months only | 6.25% p.a. | 6.75% p.a. |
|
444 days | 6.50% p.a. | 7.00% p.a. |
|
Above 1 year 3 months to less than 2 years | 6.25% p.a. | 6.75% p.a. |
|
2 years to less than 3 years | 6.25% p.a. | 6.75% p.a. |
|
3 years to less than 5 years | 6.25% p.a. | 6.75% p.a. |
|
5 years to 10 years | 6.25% p.a. | 6.75% p.a. |
Note: The mentioned interest rates are effective 7 August 2025.
Canara Bank has made it easy for NRIs to open a Fixed Deposit. Following FD options are available to NRIs:
The minimum deposit amount required is Rs.1,000.
You can either walk into the branch of the bank that is nearest to you or open an FD account online.
No, TDS is applicable on Canara Tax Saver Fixed Deposit.
The maturity period for Kamadhenu Deposits range between 15 months and 10 years.
No, one cannot secure a loan against Canara Tax Saver Term Deposit scheme.
Yes, Canara Bank is safe for fixed deposits. The principal and interest amount of fixed deposits are insured for up to Rs.1 lakh under the Deposit Insurance and Credit Guarantee Corporation (DICGC) as mandated by the Reserve Bank of India.
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