Canara Bank FD Interest Rates

After comparing SBI FD Interest rate, BOB Fixed Deposit Interest rates, and PNB FD Interest rates we will discuss about latest Canara Bank FD interest rates. We will also focus on Canara Bank FD Interest Rates not only for the general public but also for senior citizens. Canara Bank became the fourth largest public sector bank after merging with Syndicate Bank in it. For targeting high-value customers and to grow a large number of account holders, the bank is offering many attractive services like Free Lounge Access, Zero balance account opening, attracting FD rates, etc. Canara Bank Fixed Deposit rates is revised recently. The detail of FDR is discussed in the below tables.

Canara Bank FD Rate of Interest (%) p.a. For Deposits less than (Rs.2 Crore) w.e.f. 12.08.2023

Callable (Where Pre-mature withdrawal is allowed)
Tenure	General Citizen	Senior Citizen
7 Days to 45 Days	4.00	4.00
46 Days to 90 Days	5.25	5.25
91 Days to 179 Days	5.50	5.50
180 Days to 269 Days	6.25	6.75
270 Days to 1 Year	6.50	7.00
1 Year	6.90	7.40
444 Days	7.25	7.75
1 Year to 2 Years	6.90	7.40
2 Years  to 3 Years	6.85	7.35
3 Years to 5 Years	6.80	7.30
5 Years to 10 Years	6.70	7.20

Canara Bank FD rate of interest (above Rs. 15 Lakh)

Non-Callable (Pre-mature withdrawal not allowed)
Tenure	General Citizen	Senior Citizen
7 Days to 45 Days	NA	NA
46 Days to 90 Days	5.35	5.35
91 Days to 179 Days	5.60	5.60
180 Days to 269 Days	6.35	6.85
270 Days to less than 1 Year	6.60	7.10
1 Year	7.05	7.55
444 Days	7.40	7.90
Above 1 Year to 2 Years	7.05	7.55
2 Years  to 3 Years	7.00	7.50
3 Years to 5 Years	NA	NA
5 Years to 10 Years	NA	NA

Important Notes:-

• In case of non-callable deposits Premature withdrawal is not allowed.
• In the case of senior citizens, an additional interest of 0.50% is available.
• Canara Bank gives 6.70 % p.a. for the Canara Tax Saver Deposit scheme for the General Public. The maximum deposit accepted by the bank is Rs 1.50 Lakh. An additional rate of interest is 0.60% for a Super Senior Citizen who is above 80 years.
  
• Although a penalty of 1.00% shall be charged by the bank in case of premature closure, or premature extension of Domestic/NRO deposits of less than Rs.2 Crore that are accepted /renewed on or after 12.03.2019.
• For NRO the fixed deposit rates are the same as applicable to Domestic Term Deposit.

Canara Bank Rate of Interest (% p.a.) For Deposits Rs. 2 Crore to Rs. 10 Crore w.e.f. 12.08.2023

Domestic Bulk Term Deposit
Tenure	Callable(Where Pre-mature withdrawal is allowed)	Non-callable (Where Pre-mature withdrawal is not allowed)
7 days to 45 days	2.90	NA
46 days to 90 days	3.10	3.15
91 days to 179 days	3.35	3.40
91 days to 179 days	3.35	3.40
270 days to 1 year	5.75	5.80
1 year	6.00	6.15
1 year to 2 years	6.00	6.25
2 years to 3 years	6.00	6.25
3 years to 5 years	6.00	6.25
5 years to 10 years	3.40	3.65

Important Notes:-

• In case of non-callable deposits Auto Renewal facility is not available.
• A penalty of 1.00% is waived in case of premature closure, premature extension of Domestic/NRO CALLABLE term deposit of Rs. 2 Crore & above that are accepted on or after 12.03.2019.
• A penalty of 1.00% shall be charged for premature withdrawal, and premature extension of Domestic/NRO term deposits of Rs.1 Crore & above that are renewed from 04.02.2011 to 12.10.2012.
• For NRO the fixed deposit rates is same as applicable to Domestic Term Deposit.

Canara Bank NRE Fixed Deposit Interest Rates 2023

Period of Deposit	Less than Rs.2 Crore (w.e.f. 12.08.2023)  Rate of Interest (%)	Rs. 2 Crore & above to less than Rs. 10 Crore (w.e.f. 12.08.2023) Rate of Interest (%)
1 Year	6.90	6.15
444 days	7.25	NA
1 year to 2 year	6.90	6.25
2 year to 3 year	6.85	6.25
3 year to 5 year	6.80	6.25
5 year to 10 year	6.75	3.65

Note: Bank has introduced a special DOMESTIC/NRE/NRO Retail Term deposit scheme for 444 Days                  with higher rate of interest with effect from 05.04.2023.

Also, for more official information about Latest Canara Bank Fixed Deposit Interest Rates Click here