Canara Bank NRE / NRO / NRI / FCNR FD Rates

Canara Bank provides investment products to Non to Resident Indians (NRIs) as Fixed Deposits (FDs). They can invest in the NRI FDs to boost their savings.

Updated On - 02 Oct 2025
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Canara Bank NRE Fixed Deposit Rates Below Rs.2 Crore

Tenure 

Interest Rates (p.a.) 

1 year only 

6.85% 

444 Days 

7.25% 

Above 1 year to less than 2 years 

6.85% 

2 years and above to less than 3 years 

6.85% 

3 years and above to below 5 years 

6.80% 

5 years and above to 10 years  

6.70% 

Note: The interest rates mentioned are effective from 3 September 2024

Canara Bank FCNR (B) Fixed Deposit Rates

Tenure 

USD 

GBP 

EUR 

CAD 

AUD 

1 year to less than 2 years 

5.65 

5.00 

3.00 

4.50 

4.00 

2 years to less than 3 years 

4.30 

3.00 

2.00 

4.00 

3.50 

3 years to less than 4 years 

4.00 

2.50 

1.50 

3.85 

3.00 

4 years to less than 5 years 

4.00 

2.50 

1.50 

3.50 

3.00 

5 years 

4.00 

2.50 

1.50 

3.50 

3.00 

Note: The mentioned interest rates are effective from 12 August 2024. The USD mentioned above is more than 10,000. 

Canara Bank NRO Term Deposit Rates Less than Rs.2 crore

Maturity Period  

Interest Rate for General Citizens (p.a.)  

7 Days to 45 Days  

4.00%  

46 Days to 90 Days  

5.20%  

91 Days to 179 Days  

5.50%  

180 Days to 269 Days  

6.15%  

270 Days to less than 1 Year  

6.25%  

1 Year Only  

6.85%  

444 Days  

7.25%  

Above 1 Year to less than 2 Years  

6.85%  

2 Years & above to less than 3 Years  

6.85%  

3 Years & above to less than 5 Years  

6.80%  

5 Years & above to 10 Years  

6.70% 

Note: The mentioned interest rates are effective 24 June 2024.

FAQs on Canara Bank NRI FD Rates

  • What is the minimum investment for Canara Bank fixed deposit schemes?

    The minimum deposit amount is Rs.1,000 for Canara Bank fixed deposit schemes.

  • What is the maximum period of fixed deposit for NRE account holders?

    The maximum period of fixed deposit for NRE account holders is 10 years.

  • Can NRI individuals open a joint account?

    Yes. However, there should be no more than four NRI individuals in a joint account.

  • Is there is premature withdrawal facility on Canara Bank fixed deposit schemes for NRIs?

    Yes, Canara Bank fixed deposit schemes come with a premature withdrawal facility for NRIs.

  • Is there a penalty for premature withdrawal of NRO fixed deposits?

    Yes, a penalty of 1.00% is applicable on premature withdrawal of NRO fixed deposits.

  • Is a nomination facility available on fixed deposits schemes for NRIs?

    Yes, the nomination facility is available on fixed deposits schemes for NRIs.

  • Can an NRE account holder avail of loans against fixed deposits?

    Yes, Canara Bank offers loans against fixed deposits for NRE/NRO/FCNR account holders.

  • Will NRIs aged above 60 years be eligible for additional interest on their fixed deposits?

    No, senior citizen NRIs are not eligible for any additional interest on their fixed deposits.

  • Are transfers between a person's NRO accounts allowed?

    No, transfers between a person's NRO accounts are not allowed.

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