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    Canara Bank NRE / NRO / NRI / FCNR FD Rates  and 2 other FDs

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    4.2% - 7.4% 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
    6.5% - 6.9% Compound yearly
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    Response Time Within 30 minutes
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    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
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    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
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    Canara Bank NRE / NRO / NRI / FCNR FD Rates is Rated as "Excellent!" by 34 Users

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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 A penalty of 1% is applicable under Capital Gains Account Scheme, prematurely withdrawn.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 NRE fixed deposit interest rates* offered by Canara Bank

    Tenure Rate of Interest (% per annum) Rate of Interest for Senior Citizens(% per annum)
    1 year only 6.9 4.85
    Above 1 year to less than 2 years 6.8 4.9
    2 years & above to less than 3 years 6.8 4.9
    3 years & above to less than 5 years 6.7 4.9
    5 years & above to less than 8 years 6.5 4.9
    8 years & above to 10 years 6.5 4.9

    *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 Citizen FD Rates
    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

    CURRENCY OF DEPOSIT1 Year and above but less than 2 years % 2 years and 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 %2.112.52.652.772.84
    GBP %0.851.021.081.161.24
    EUR %0.270.340.430.540.66
    CAD %1.651.581.681.771.85
    AUD %2.222.272.362.612.72

    *Rates are subject to change from time to time.

    Updated on 27 Jun 2017

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    • Canara Bank NRI FD Rates Reviews

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    • Canara Bank Fixed Deposit
      "Good"
      0.5 2.5/5 "Just OK"
      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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      , hyderabad
      Reviewed on Jun 20, 2017
    • Canara Bank Fixed Deposit
      "For common man"
      0.5 5.0/5 "Blown Away!"
      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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      , bangalore
      Reviewed on Jun 12, 2017
    • Canara Bank Fixed Deposit
      "The worst bank service in my experience.. "
      0.5 0.5/5 "Unacceptable"
      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.
      Was this review helpful? 6

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      , bangalore
      Reviewed on Dec 07, 2016
    • Canara Bank Fixed Deposit
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 9

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      , new delhi
      Reviewed on Sep 06, 2016
    • Canara Bank Fixed Deposit
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 5

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      , bangalore
      Reviewed on Jul 01, 2016
    • Canara Bank Fixed Deposit
      "Customer service needs to improve"
      0.5 1.5/5 "Bad"
      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.
      Was this review helpful? 3

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      , coimbatore
      Reviewed on May 04, 2016
    • Canara Bank Fixed Deposit
      "Excellent rates"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 10

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      , aurangabad
      Reviewed on Apr 15, 2016
    • Canara Bank Fixed Deposit
      "Good "
      0.5 4.0/5 "Great!"
      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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      , bangalore
      Reviewed on Mar 18, 2016
    • Canara Bank Fixed Deposit
      "Very good"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 13

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      , mumbai
      Reviewed on Feb 27, 2016
    • Canara Bank Fixed Deposit
      "Very good bank it is..."
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 12

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      , mumbai
      Reviewed on Feb 05, 2016
    • Canara Bank Fixed Deposit
      "Savings in Money"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 8

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      , mumbai
      Reviewed on Nov 29, 2015
    • Canara Bank Fixed Deposit
      "Its nominal"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 8

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      , chennai
      Reviewed on Oct 19, 2015
    • Canara Bank Fixed Deposit
      "Not comfortable to access..."
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 4

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      , bangalore
      Reviewed on Sep 24, 2015
    • Canara Bank Fixed Deposit
      "Wonderful"
      0.5 4.5/5 "Excellent!"
      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.
      Was this review helpful? 7

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      , bangalore
      Reviewed on Sep 19, 2015
    • Canara Bank Fixed Deposit
      "Good profit "
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 4

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      , bangalore
      Reviewed on Sep 07, 2015
    • Canara Bank Fixed Deposit
      "Better "
      0.5 4.0/5 "Great!"
      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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      , jaipur
      Reviewed on Aug 25, 2015
    • Canara Bank Fixed Deposit
      "Good one"
      0.5 5.0/5 "Blown Away!"
      Canara Bank fixed deposit is fine, I have been holding this deposit for quite some time now. This was taken for a period of 6 years. I am getting tax benefit on this deposit. For opening this deposit. I have provided my pan card and id proof. They took around 3 to 4 days of time to open this FD.
      Was this review helpful? 2

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      , bangalore
      Reviewed on Aug 13, 2015
    • Canara Bank Fixed Deposit
      "Wonderful"
      0.5 4.5/5 "Excellent!"
      I had the experience of the fixed deposit with the canara bank.The rate of interest is 9% per year.The locking period is around one year.I felt happy with their service.They provided me with the customer service, and its the good banking service.
      Was this review helpful? 14

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      , mumbai
      Reviewed on Jun 18, 2015
    • Canara Bank Fixed Deposit
      "Good !!!"
      0.5 4.0/5 "Great!"
      No specific reason to choose Canara bank for fixed deposit and the benefits are same here like other banks. Interest rate is 8.25% but Canara bank has flexibility of tenure starting from five days to n number of years. I did not open the deposit via online instead visited bank directly and the employees were proactive in helping. No much interaction with Canara bank so did not know how they would respond the customers.
      Was this review helpful? 12

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      , bangalore
      Reviewed on Mar 27, 2015
    • Canara Bank Fixed Deposit
      "Can do better!!!"
      0.5 4.0/5 "Great!"
      By visiting the branch of Canara bank I opened the Fixed deposit. I got this FD for tenure of 5 years with the interest of 8.5% but not sure whether it is compounding rate or simple rate. Employees of Canara bank are not much responsive but they are fine so I suggesting them to take ownership and they have to give efficient service.
      Was this review helpful? 17

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      , chennai
      Reviewed on Feb 23, 2015
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