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    Canara Bank NRE / NRO / NRI / FCNR FD Rates

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    5.25% - 8% Compound yearly
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    Response Time Within 30 minutes
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    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7.25% - 7.5% Compound yearly
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    Response Time Within 30 minutes
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    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 A penalty of 1% is applicable under Capital Gains Account Scheme, prematurely withdrawn.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 NRO fixed deposit interest rates* offered by Canara Bank

    Tenure Rate of Interest (% per annum) Annualised Interest Yield *(Less than Rs.1 crore) Rate of Interest (% per annum)(Above Rs.1 crore) Annualised Interest Yield *
    1 year only 7.75% 7.98% 7.25% 7.45%
    Above 1 year to less than 2 years 7.75% 7.98% 7.25% 7.45%
    2 years & above to less than 3 years 7.75% 8.30% 7.25% 7.73%
    3 years & above to less than 4 years 7.75% 8.63% 7.00% 7.71%
    4 years & above to less than 5 years 7.75% 8.98% 7.00% 8.00%
    5 years & above to less than 6 years 7.50% 9.00% 7.00% 8.30%
    6 years & above to less than 7 years 7.50% 9.36% 7.00% 8.61%
    7 years & above to less than 8 years 7.50% 9.75% 7.00% 8.93%
    8 years & above to less than 9 years 7.50% 10.15% 7.00% 9.28%
    9 years & above to less than 10 years 7.50% 10.58% 7.00% 9.64%
    10 years 7.50% 11.02% 7.00% 10.02%

    *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 Rate of interest for depositsLess than Rs.1 crore Rate of interest for deposits Above Rs.1 crore
    7 to 14 days 4% 4.5%
    15 days to 30 days 4.5% 5.0%
    46 to 60 days 6.25% 6.75%
    91 days to 179 days 6.75% 7.25%
    180 to 269 days 7.5% 8.0%
    270 days to under 1 year 7.75% 8.25%
    1 year 7.75% 8.25%
    2 to 3 years 7.75% 8.25%
    3 years to under 5 years 7.75% 8.25%
    5 years to under 8 years 7.5% 8.0%
    8 years to 10 years 7.5% 8.0%

    *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

    CURRENCY OF DEPOSIT 1 Year & above but less than 2 years 2 years & above but less than 3 years 3 years and above but less than 4 years 4 years and above but less than 5 years Five years only
    USD 1.96 2.06 2.11 2.16 2.21
    GBP 1.33 1.44 1.45 1.46 1.49
    EUR 0.33 0.31 0.32 0.33 0.37
    CAD 2.03 1.94 1.95 1.96 1.99
    AUD 2.68 2.61 2.61 2.82 2.84

    *Rates are subject to change from time to time.

    Updated on 01 March ‘16

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