Founded in 1906 and nationalised in 1969, Canara Bank has over the years emerged as one of the leading 'financial conglomerates'. Canara Bank currently has nine joint ventures in India and overseas. Canara Bank is on a growth trajectory with an increasing domestic presence. Canara Bank has around 5727 branches across the country.
Canara Bank Fixed Deposit for NRIs
Canara Bank offers NRO, NRE and FCNR fixed deposits at attractive interest rates. Upon premature withdrawal, no penalty is charged for NRO deposits Rs.1 crore and above after December 13th, 2012. No interest is paid for premature closure of deposits before the 7th day. A penalty of 1% is applicable under Capital Gains Account Scheme, prematurely withdrawn. Upon premature closure of NRE term deposits less than Rs.1 crore, a 1% penalty will be charged. No interest is paid for premature closure before one year from the deposit date.
Canara Bank NRE FD Rates
The following table displays the NRE fixed deposit interest rates* offered by Canara Bank
Tenure
Rate of interest(in %)
1 year only
6.5
Above 1 year to less than 2 years
6.3
2 years & above to less than 3 years
6.2
3 years & above to less than 5 years
6.2
5 years & above to less than 8 years
6
8 years & above to 10 years
6
*Rates are subject to change from time to time.
Canara Bank NRO Fixed Deposit Interest Rates
The following table displays the NRO fixed deposit interest rates* offered by Canara Bank
Tenure
Regular FD Rates
Senior Citizens)
7 days to 14 days
4.2
4.7
15 days to 30 days
4.2
4.7
31 days to 45 days
4.5
5
46 days to 60 days
4.75
5.25
61 days to 90 days
4.75
5.25
91 days to 120 days
5.5
6
121 days to 179 days
5.75
6.25
180 days to 269 days
6.5
7
270 days to less than 1 year
6.5
7
1 year only
6.9
7.4
Above 1 year to less than 2 years
6.8
7.3
2 years & above to less than 3 years
6.8
7.3
3 years & above to less than 5 years
6.7
7.2
5 years & above to less than 8 years
6.5
7
8 years & above to 10 years
6.5
7
*Rates are subject to change from time to time.
Canara FCNR (B) Fixed Deposit Interest Rates
The following table displays the FCNR (B) fixed deposit interest rates* offered by Canara Bank
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I had made this Fixed deposit a long time back and the growth of the deposit has been good. The major thing which they should get improved is with their customer support where there should be a good help which should be there. The interest rate with them has not been bad and i had not faced much issues with their services so far.
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2
SUDHAKAR GUMMARAJU
, secunderabad
Reviewed on Nov 11, 2018
I have my Fixed Deposit opened with Canara bank from last 6 months, i am happy with the services provided by Canara bank. I have deposited an amount of Rs 50000 as FD. Customer service is very good and they gave all the right information. I get 6.6% of interest as return on FD.
This has been good Bank that I have number of relationship with. I started with a Saving Accounts with them, followed by this Fixed Deposit. The Interest rate of 6.5% is not high, but a an alright one. I also have a Credit Card with them on the basis of this account,
Good to invest in CANARA BANK FD. I feel good banking with them. I am holding this FD for a long time. Its very much convenient. Their branch is in my campus so it is very much easy to walk in to the branch to place a request. They took around one day to complete the process even the documents required too was very simple.
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1
VEKATA GIRIYAPPA
, bangalore
Reviewed on Sep 08, 2017
I am having the fixed deposit account with the Canara bank and the rate of interest is around 8.5%, which was very lesser one on that time. Total tenure is around three years of time, also the penalty charges are not really huge. Customer service is not really up to the mark.
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2
VENKATA KRISHNA BABU KONDAVEETI
, hyderabad
Reviewed on Jun 20, 2017
I do have the fixed deposit account with the Canara bank and am using it from the last ten years of time. Customer service aspects are good one with them and the online banking services are not really working in a good according the new generation bankers. The interest rate is around 7.25% as of now.
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1
SARATH SASIKUMAR
, bangalore
Reviewed on Jun 12, 2017
It is the worst bank ever in my personal experience. From opening a bank account, to drawing money by cheque, to request for a duplicate copy of the FD receipt. One of the most lethargic and uninterested executives ever. They portray a sort of disgusting attitude while dealing with customers, specifically the branch in hebbal and vasanthnagar, Bangalore.
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8
Avinash Nayak H
, bangalore
Reviewed on Dec 07, 2016
The rates are very competitive with Canara bank. I maintain a fixed deposit account with them. The services are good. It was not a task to get this account. There are no charges taken too. Overall the services and response at the bank for these queries are supportive and helpful.
Not to a big deal, to open a Fixed deposit with Canara bank. It was quite easy and fast. The services offered by them was really good. The rate of interest is satisfactory too. They do not charge any charges for my account and it was a good experience.
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5
MUZAMIL AHMED
, bangalore
Reviewed on Jul 01, 2016
I have a Fixed Deposit scheme with Canara bank which offers 7-8%. I have been using this for about 5-6 years by reinvesting in the same scheme after maturity. However their response and delayed way of working has made me change my mind. The executives are not responsive and I may not continue it after this scheme matures.
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3
BALA SUBRAMANIAN
, coimbatore
Reviewed on May 04, 2016
Interest rate offered by Canara bank was 9.5% for the FD. Cumulative interest rate option is there and I have invested the amount through the bank . I personally went to the bank and opted myself for the same. I have just visit the Branch to fill the form for the liquidation. Partial liquidation option is available there.
I have the fixed deposit account with the Canara bank and the interest rate is good for me. The money will be compounded quarterly, so the returns will be good. The response in the branch is a nice one with the Canara bank.
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3
AJANTHA SRNIVASAN
, bangalore
Reviewed on Mar 18, 2016
Canara bank is offering 9% interest rate for the fixed deposit for the minimum lock in period of on year. There is no activation charges. The minimum amount to start is Rs.5000.There is no penalty in case we withdraw the money in between the lock in period. I visited the bank for the process and the FD got activated in 2 days.
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14
CHAUHAN JASWANT RAJNISH
, mumbai
Reviewed on Feb 27, 2016
I always keep renewing the fixed deposit and I am doing this for several years. Interest rate depending as on the central government rule. Initially it was less and now it is like 9.25%. Canara bank is very good as using that for 20 years. All my family members are dealing with Canara bank.
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12
ASHOKAN MYLAPRAVAN
, mumbai
Reviewed on Feb 05, 2016
I would suggest you to go for Canara Bank because first of all it is Public bank which is good for customer. Public Sector Banks are much better than Private Sector Banks as government having control on it and there are less chances of fraud happening internally within the bank. Canara Bank provides us interest on Fixed Deposit at nominal rate of interest which is beneficial for customer as compared to given by Private Sector Banks. Investing and borrowing from such Public sector banks would create opportunity of great savings of customer interest in terms of money.
I am holding this Canara Bank fixed deposit for a period of 12 years. Interest rate offered by them was good.They have provided the best interest rate and they have asked for pan card number and this was opened through the branch and they took around 3 days of time to complete this process.
Canara bank is good and the interest rate on fixed deposit is par with the private banks. Concern is that to create the deposit I need to go the branch and to break the plan, need to visit the branch. For working people really it wonâ??t be comfortable. Canara bank need to improve their technology. They mentioning that they have online portal but I never tried of it.
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4
KUMAR MUNISWAMY
, bangalore
Reviewed on Sep 24, 2015
I am having the fixed deposit with the Canara bank. The rate of interest is around 9% and the minimum lock in period is around 1 year of time. Customer service is good and the manager is assisting me very nicely. Net banking is good with them and I am happy with them.
I hold an Fixed Deposit account with CANARA BANK for a quite long time. They have offered me 9% interest rate which is nominal with other banks. They are very customer friendly when compared with other banks. Over all it was good experience to me.
I had the experience of the fixed deposit with the canara bank. The rate of interest 8.5% for the minimum lockin period of 3 years. The services are good with them like they dint have the online banking facilities on that time. I would say its the kind of service which meant to be good.
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6
ABHAY PRATAPSINGH
, jaipur
Reviewed on Aug 25, 2015
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Fixed Deposit
