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  • Canara Bank Recurring Deposit Interest Rates - August 2017

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    Canara Bank RD Interest Rates

    Deposit TenureGeneral Customers (%)Senior Citizen (%)
    1 year only6.97.4
    Above 1 year to less than 2 years6.87.3
    2 years & above to less than 3 years6.87.3
    3 years & above to less than 5 years6.77.2
    5 years & above to less than 8 years6.57
    8 years & above to 10 years6.57

    Canara Bank NRE RD Interest Rates

    Deposit TenureGeneral Customers (%)
    1 year only6.9
    Above 1 year to less than 2 years6.8
    2 years & above to less than 3 years6.8
    3 years & above to less than 5 years6.7
    5 years & above to less than 8 years6.5
    8 years & above to 10 years6.5

    Get the best rates for a Canara Bank Recurring Deposit

    Canara Bank offers flexible recurring deposit plans to both Indian citizens and Non-resident Indians at attractive interest rates. A regular recurring deposit scheme is offered along with the “Canara Dhanvarsha” plan to customers. Resident Indians, joint account holders, minors, firms, HUF, trusts, companies and institutions are eligible to open a Canara Bank recurring deposit account. A new Canara Dhanvarsha recurring deposit account can be opened with a minimum amount of Rs. 1000 and the monthly payments can be increased in multiples of Rs. 100, with the maximum deposit amount being Rs. 1 lakh. The regular recurring deposit account does not carry any upper limit cap. NRE customers who have opened a Canara Dhanvarsha recurring deposit account have to make installment payments via debits from NRE savings accounts or through approved inward remittance procedures. The regular recurring deposit account offers TDS benefits, nomination facility and loan on the deposit for up to 90% of the available balance and special interest rates for senior citizens.

    Canara Bank - Short Term Recurring Deposit Interest Rates

    The short term recurring deposits available from Canara Bank carry tenures ranging from 1 year and Above 1 year to less than 2 years. The interest rate offered for a deposit tenures of 1 year and above 1 year to less than 2 years tenure the interest rate offered is 6.90%.

    Canara Bank - Medium and Long Term Recurring Deposit Interest Rates

    If a customer is considering to opt for a mid-range Canara Bank recurring deposit scheme, then the available tenure options are 2 years, 3 years, 4 years and 5 years. The interest rate offered by Canara Bank is 6.90% for all these deposit tenures. Longer recurring deposit tenures are also available with Canara Bank, from 5 years & above to less than 8 years and 8 years & above to 10 years, with the interest rate offered being 6.90%.

    Canara Bank - Senior Citizen Recurring Deposit Interest Rates

    Senior citizens can enjoy special interest rates on their recurring deposit accounts from Canara Bank. For a 1 year recurring deposit tenure, the interest rate offered is 7.40% and for above 1 year to less than 2 years deposit tenure, the interest rate offered is 7.40%. Recurring deposits opened with a tenure of 1 year and beyond, offers an interest rate of 7.40% to senior citizens.

    Canara Bank - NRE Recurring Deposit Interest Rates

    The interest rates offered on a Canara Bank NRE recurring deposit account varies according to the amount deposited by the customer. The RD tenures range from 1 year to 10 years and customers can choose according to their financial requirements. NRE recurring deposits with tenures ranging from 1 year to 5 years carry an interest rate of 6.90%. Tenures above 5 years and up to 10 years offer a recurring deposit interest rate of 6.90%. The above mentioned interest rates are applicable on NRE deposits carrying amounts lesser than Rs. 1 crore. NRE RD accounts with deposit amounts more than Rs. 1 crore, offer an interest rate of 4.90%, annually.

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    News About Canara Bank Recurring Deposit Interest Rates

    • Canara Bank Slashes Term Deposit Rates

      Canara Bank has reduced the term deposit rates. The 1 year FD rate has been slashed by 0.10%, bringing it down to 6.9%. Canara Bank is now in tandem with HDFC Bank and ICICI Bank. As per a senior official, bank do not wish to keep the high cost deposits anymore. The deposit rates have now been aligned with the reduced lending rates.

      2nd May 2017

    • Canara Bank’s Recurring Deposit Rates Revised

      Canara Bank have revised their Recurring Deposit interest rates. Recurring deposits with a tenure of 2 years will now pay interest of 7.75% (senior citizens will receive 8.25%). The old rate for this tenure was 8% (8.50% for senior citizens).

      The rate for a 3 year tenure has also been changed to 7.75% (8.25% for senior citizens) from the old rate of 8% (8.50% for senior citizens).

      The rates of interest for the other Recurring Deposit tenures remain unchanged.

      2nd March 2016

    Recurring Deposit - Sitemap

    Canara Bank RD Interest Rates Reviews

  • Page 1 of 1
    • Canara Bank Recurring Deposit
      "My salary account"
      CANARA BANK
      0.5 3.0/5 "Satisfactory"
      With CANARA I had opened a RD, as it was my salary account.I had to deposit around rs 60 per month for this account. I was holding it for 2 to 3 years and later closed as I was experiencing some financial crisis at that time. Closure procedure was very simple I had to visit the branch show that RD book and they will credit the interest and close the account.
      Was this review helpful? 5
      , tuticorin
      Reviewed on Oct 03, 2016
    • Canara Bank Recurring Deposit
      "Excellent "
      CANARA BANK
      0.5 5.0/5 "Blown Away!"
      I have invested in retail investment scheme of Canara Bank, where it is giving 8.5% interest rate for Recurring deposit for the lock in period of 5 years. I have taken the flexible plan in which I get the income tax benefit. There is no activation charges. The minimum amount to invest is Rs.1000. We can avail the facility through the online. We can liquid the cash any time without any charges through online itself.
      Was this review helpful? 8
      , bangalore
      Reviewed on Jun 16, 2016
    • Canara Bank Recurring Deposit
      "Nice"
      CANARA BANK
      0.5 5.0/5 "Blown Away!"
      From the last twenty years of time I am having the recurring deposit account with the Canara bank. The interest rate for the recurring deposit is also a good one with them and the lock in period ranges from 3 months to 7 years of time.,
      Was this review helpful? 6
      , bangalore
      Reviewed on Mar 18, 2016
    • Canara Bank Recurring Deposit
      "Good for me but need more convenient...."
      CANARA BANK
      0.5 4.0/5 "Great!"
      I had a relationship with Canara bank which was almost completed 2 years. I am using my Recurring account only for a saving. 5k is the minimum transaction and interest was 8%. Formalities are huge in Canara bank and it should be more convenient.
      Was this review helpful? 4
      , bangalore
      Reviewed on Feb 03, 2016
    • Canara Bank Recurring Deposit
      "New experience "
      CANARA BANK
      0.5 3.0/5 "Satisfactory"
      I pay around 5000Rs for the recurring deposit I hold with canara bank.I make this payment on every month.I am not sure about the interest rate applied but I expect around 5-6% as interest with Canara Bank.I would like to recommend about Canara Bank as government bank service.
      Was this review helpful? 5
      , new delhi
      Reviewed on Oct 22, 2015
    • Canara Bank Recurring Deposit
      "Good"
      CANARA BANK
      0.5 5.0/5 "Blown Away!"
      I have a recurring deposit with Canara bank. I been renewing this account every two years and I am been with them for six years. When I close my recurring deposit and submit my passbook the money is transferred to my account within an hour. The services has always been good and am happy to bank with them.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jun 16, 2015
    • Canara Bank Recurring Deposit
      "Can do better!!!"
      CANARA BANK
      0.5 4.0/5 "Great!"
      My spouse is having home loan with Canara bank so I have chosen this bank for Recurring Deposit. Interest rate for RD is 9% and the tenure period is 12 months. I opened it recently like four months ago by visiting the branch. Customer service of Canara bank is not much recommendable.
      Was this review helpful? 5
      , chennai
      Reviewed on Feb 23, 2015
    • Canara Bank Recurring Deposit
      "Good"
      CANARA BANK
      0.5 4.0/5 "Great!"
      I am holding a RD account with CANARA Bank. I will be investing about 10000 per monthand the returns are pretty smooth. I am convinced with the service offered by them. Monthly I pay about 10000 and this is for a period of 2 years and just in case if I want to break that in between they would be deducting certain amount and repay the remaining amount.
      Was this review helpful? 7
      , bangalore
      Reviewed on Jan 17, 2015
    • Canara Bank Recurring Deposit
      "Good service"
      CANARA BANK
      0.5 4.5/5 "Excellent!"
      For 5 years I holding RD account with Canara bank. Previously I visited their website and it was quite difficult to access but now they improved it. Since its nationalized bank interest rate is very low, They have to improve on accumulated interest ,Apart this gold loan department doing very good support and lot of percentage offers
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 01, 2014
    • Canara Bank Recurring Deposit
      "Good earnings"
      CANARA BANK
      0.5 2.0/5 "Expected more"
      I have opened a RD account with Canara Bank. This account was opened at the Branch. Every month I am supposed to pay a minimum amount of rs 1000 and the amount would be debited from my savings account automatically every month. Rate of interest for this RD account is 8.75% and I would even more happy if they increase it as well.
      Was this review helpful? 6
      , ghaziabad
      Reviewed on Oct 27, 2014
    • Canara Bank Recurring Deposit
      "Good service"
      CANARA BANK
      0.5 4.0/5 "Great!"
      I opened one account from canara bank to save my amount . I thought canara bank was safe and secure. Hence I opened one recurring deposit account with them . I dont have much idea about the online banking . I will just deposit the amount and I am earning 8 % as interest rate. Quite good experience
      Was this review helpful? 6
      , mumbai
      Reviewed on Oct 25, 2014
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