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Canara Bank FD Interest Rates 2025
Canara Bank offers attractive FD interest rates ranging from 3.50% to 6.60% p.a. for the general public and Upto 7.10% p.a. for senior citizens. You can invest for flexible tenures between 7 days to 10 years, making it ideal for both short and long-term savings. With assured returns and the trust of a leading public sector bank, Canara Bank FDs are a secure investment option.
Highlights of Canara Bank FD Interest Rates for 2025
Minimum Deposit
₹ 1,000
Maximum Deposit
No Upper Limit
Lock In Period
12 Months
Tenure
7 Days - 10 Years
Interest for Senior Citizens
Extra 0.5% p.a.
Fixed Deposits (FDs) have long been a preferred choice for safe and reliable investments. Canara Bank offers competitive FD rates, making it an excellent option for risk-free savings growth. In this guide, we explore the latest Canara Bank FD rates, benefits, features, and how to make the most of your investment.
Canara Bank Fixed Deposits offer a secure and reliable way to grow your savings with competitive interest rates and flexible options. Whether you're planning for short-term liquidity or long-term financial goals, Canara Bank’s diverse FD schemes cater to every need. Canara Bank Fixed Deposits can be conveniently opened online via net banking or by visiting the nearest branch.
Canara Bank fixed deposit interest rates vary based on the deposit amount, tenure, and type of FD, such as standard FDs, non-withdrawable deposits, or Green fixed deposits. For long-term savings, Canara Bank also offers tax-saving FDs under Section 80C with a lock-in period of 5 years. Canara Bank FDs offer flexible terms, safety, and higher returns for seniors, suiting varied financial needs.
Latest Canara Bank FD Interest Rates 2025 (Updated)
Canara Bank offers competitive interest rates for different tenures. Below is a snapshot of the latest fixed deposit rates:
Domestic Term Deposits Upto Rs.3 crores w.e.f. 09 Jun 2025
| Tenure | Callable Deposits | |
|---|---|---|
| General Public Rate of Interest (% p.a.) | Senior Citizens Rate of Interest (% p.a.) | |
| 7 Days to 45 Days | 3.50% | 3.50% |
| 46 Days to 90 Days | 4.50% | 4.50% |
| 91 Days to 179 Days | 4.75% | 4.75% |
| 180 Days to 269 Days | 5.75% | 6.25% |
| 270 Days to less than 1 Year | 6.00% | 6.50% |
| 1 Year & above to 1 year 3 months Only | 6.50% | 7.00% |
| 444 Days | 6.60% | 7.10% |
| Above 1 Year to less than 2 Years | 6.50% | 7.00% |
| 2 Years & above to less than 3 Years | 6.50% | 7.00% |
| 3 Years & above to less than 5 Years | 6.50% | 7.00% |
| 5 Years & above to 10 Years | 6.50% | 7.00% |
Note: Applicable for deposits of ₹5 lakh+. Below ₹5 lakh, minimum tenure is 15 days.
# Senior citizens get 0.50% extra interest on deposits below ₹3 Cr for tenures of 180 days or more (excluding NRO/NRE & CGA).
Canara Tax Saver FD Interest Rate 2025
Canara Bank Tax Saver FD offers 6.50% p.a. interest for general customers and 7.00% p.a. for senior citizens with a 5-year lock-in period. You can invest up to ₹1.5 lakh and claim tax benefits under Section 80C. Premature withdrawal is not allowed, ensuring disciplined savings with assured returns.
Canara Bank Non-Callable FD Rates Above ₹1 Crore
| Tenure | Rate of Interest (% p.a.) | |
|---|---|---|
| General Public | Senior Citizen | |
| 7 Days to 45 Days | NA | NA |
| 46 Days to 90 Days | 4.60% | 4.60% |
| 91 Days to 179 Days | 4.85% | 4.85% |
| 180 Days to 269 Days | 5.85% | 6.35% |
| 270 Days to less than 1 Year | 6.10% | 6.60% |
| 1 Year & above to 1 year 3 months Only | 6.60% | 7.10% |
| 444 Days | 6.70% | 7.20% |
| Above 1 Year to less than 2 Years | 6.60% | 7.10% |
| 2 Years & above to less than 3 Years | 6.60% | 7.10% |
| 3 Years & above to less than 5 Years | NA | 7.10% |
| 5 Years & above to 10 Years | NA | NA |
Note: Premature withdrawal is not allowed in non-callable term deposits.
Canara Bank FD Rates on Callable Bulk Deposits – Above Rs.3 crores w.e.f 03 July 2025
| Tenure | Rate of Interest (% p.a.) |
|---|---|
| 3 Crore – 10 Crore | |
| 7 Days to 30 Days | NA |
| 31 Days to 45 Days | NA |
| 46 Days to 90 Days | 5.28% |
| 91 Days to 120 Days | 6.03% |
| 121 Days to 179 Days | 6.18% |
| 180 Days to 269 Days | 6.38% |
| 270 Days to less than 1 Year | 6.58% |
| 1 Year Only | 6.78% |
| Above 1 Year to 1 Year 3 Months | 6.78% |
| Above 1 Year 3 Months to less than 2 Years | 6.78% |
| 2 Years & above to less than 3 Years | 5.53% |
| 3 Years & above to less than 5 Years | 5.03% |
| 5 Years & above to 10 Years | 5.03% |
Fixed Deposit Rates on Bulk Green Deposits Rs.3 crore & Above w.e.f 03.07.2025
| Tenure | Rate of Interest (% p.a.) | |
|---|---|---|
| Callable Deposits | Non-Callable Deposits | |
| General Public | General Public | |
| 1111 Days | 4.95% | 5.00% |
| 2222 Days | 4.95% | 5.00% |
| 3333 Days | 4.95% | 5.00% |
Fixed Deposit Interest Rates on Non-Resident Accounts
| Rate of Interest - % per annum | ||||
|---|---|---|---|---|
| NRO – all maturities | Same as applicable to Domestic Term Deposits | |||
| NRE –Term deposits | CALLABLE | NON-CALLABLE | ||
| Tenure | Less than Rs.3 Crore | Rs. 3 Crore & above to less than Rs. 10 Crore | Above Rs.1.00 Crore to Less than RS.3.00 Crore | Rs. 3 Crore & above to less than Rs. 10 Crore |
| 1 year only | NA | 6.75% | NA | 6.78% |
| 1 Year & above to 1 year 3 months Only | 6.50% | NA | 6.60% | NA |
| 444 Days | 6.60% | NA | 6.70% | NA |
| Above 1 year to less than 2 years | 6.50% | NA | 6.60% | NA |
| Above 1 year to less than 2 years | NA | 6.75% | NA | 6.78% |
| 2 years & above to less than 3 years | 6.50% | 5.50% | 6.60% | 5.53% |
| 3 years & above to less than 5 years | 6.50% | 5.00% | NA @ | 5.03% |
| 5 years & above to 10 years | 6.50% | 5.00% | NA @ | 5.03% |
Note: Interest rates are subject to change. Always check the official Canara Bank website or visit your nearest branch for the latest rates.
FCNR (B) Deposit Interest Rates Effective from 16 May 2025
| Currency of deposit | ||||||
|---|---|---|---|---|---|---|
| Tenure | USD < 100000 | USD ≥ 100000 | GBP | EURO | CAD | AUD |
| 1 year to < 2 years | 5.35% | 5.45% | 4.60% | 3.00% | 3.50% | 4.00% |
| 2 years to < 3 years | 4.00% | 4.00% | 3.00% | 2.00% | 3.25% | 3.50% |
| 3 years to < 4 years | 3.70% | 3.70% | 2.50% | 1.50% | 3.00% | 3.00% |
| 4 years to < 5 years | 3.50% | 3.50% | 2.50% | 1.50% | 3.00% | 3.00% |
| 5 years | 3.50% | 3.50% | 2.50% | 1.50% | 3.00% | 3.00% |
Canara Bank RFC Deposit Rates – Effective May 16, 2025
| Currency of deposit | ||||||
|---|---|---|---|---|---|---|
| Tenure | USD < 100000 | USD ≥ 100000 | GBP | EURO | CAD | AUD |
| 1 month to < 3 months | 0.10% | 0.10% | NA | NA | 0.10% | 0.10% |
| 3 months to < 6 months | 0.10% | 0.10% | NA | NA | 0.10% | 0.10% |
| 6 months to < 1 year | 0.10% | 0.10% | NA | NA | 0.10% | 0.10% |
| 1 year to < 2 years | 5.35% | 5.45% | 4.60% | 3.00% | 3.50% | 4.00% |
| 2 years to < 3 years | 4.00% | 4.00% | 3.00% | 2.00% | 3.25% | 3.50% |
| 3 years only | 3.70% | 3.70% | 2.50% | 1.50% | 3.00% | 3.00% |
Features of Canara Bank Fixed Deposits
1. Flexible Tenures: Choose deposit periods ranging from 7 days to 10 years.
2. Minimum Deposit Amount: Start with as little as ₹1,000 for most schemes.
3. Premature Withdrawal Facility: Access your funds in emergencies, subject to nominal charges.
4. Auto-Renewal Option: Hassle-free renewal of deposits upon maturity.
5. Loan Against FD: Avail up to 90% of your deposit amount as a loan.
Read Also: Senior Citizen Fixed Deposit Rate
Benefits of Investing in Canara Bank Fixed Deposits
- Assured Returns: Guaranteed earnings irrespective of market fluctuations.
- Tax Benefits: Tax-saving FDs under Section 80C for a 5-year tenure.
- Senior Citizen Privileges: Higher interest rates for individuals above 60 years.
- Nomination Facility: Easy transfer of deposits to nominees.
- Online Management: Open and manage FDs through Canara Bank’s digital platforms.
Different Types of Canara Bank Fixed Deposit Schemes
Canara Bank Regular Fixed Deposit
- Features: Easy to open, attractive interest rates, up to 90% loan facility, part withdrawal in units of ₹1,000. Special rates for senior citizens (+0.50%).
- Deposit Amount: Minimum ₹1,000; no maximum limit.
- Tenure: Fixed deposits are available for durations from 15 days to 120 months, while deposits of ₹5 lakh and above can be booked for as short as 7 to 14 days.
- Interest Payment: Monthly (discounted), quarterly, half-yearly, or annually.
- Eligibility: Individuals, joint (up to 4), minors (via guardians), HUFs, companies, and associations.
Additional Information:
- Nomination & Loan: Available.
- Penalty for Premature Closure: 1% penalty for deposits under ₹3 crore. Waived under specific conditions for larger deposits.
- Auto Renewal: Available unless otherwise specified.
- Overdue Deposits: Overdue Deposits: Interest on overdue FDs is paid at either the savings account rate or the original contracted FD rate, whichever is lower.
- Documents Required: Application form, PAN/Form 60, ID/address proof, photographs, and additional documents for firms/entities.
Canara Bank Green Deposit
The Green Deposit is a unique term deposit that allows customers to grow their savings while contributing to environmentally friendly projects such as renewable energy, sustainable infrastructure, and eco-friendly businesses.
Key Features:
- Environmental Impact: Funds are allocated exclusively to green financing initiatives, promoting sustainability and combating climate change.
- Competitive Returns: Earn attractive interest rates.
- Financial Security: Invest in socially responsible initiatives.
Deposit Details:
- Minimum Deposit:
- Callable: ₹1,000 (online/offline).
- Non-Callable: ₹3 crore (offline only).
- Maximum Deposit: No limit.
- Tenure Options: Choose from flexible fixed terms of 1111, 2222, or 3333 days.
- Loan Facility: Available.
- Nomination Facility: Available.
- TDS: Applicable as per Income Tax rules.
Eligibility: The scheme is open to a wide range of investors, including individuals, NRIs, firms, companies, institutions, trusts, Hindu Undivided Families (HUFs), charitable organizations, and government bodies.
Canara Bank Kamadhenu Deposit
The Kamadhenu Deposit is a convenient and flexible fixed deposit scheme offering attractive interest rates, senior citizen benefits, and part withdrawal options.
Key Features:
- Flexible Deposits: Deposit odd amounts starting from ₹1,000.
- Tenure Options: 5 months to 120 months, including odd periods.
- Interest Payment: On maturity.
- Loan Facility: Upto 90% of the deposit amount.
- Part Withdrawal: Available in units of ₹1,000 while retaining contracted interest rates on the remaining deposit.
- Nomination: Available.
Tax Details:
- TDS: Applicable as per Income Tax rules.
Canara Tax Saver Scheme
The Canara Tax Saver Scheme is a special fixed deposit tailored for taxpayers, combining secure returns with the advantage of tax deductions under Section 80C of the Income Tax Act, 1961. The Canara Tax Saver Scheme is ideal for salaried individuals, business professionals, and others seeking a secure investment with tax-saving benefits.
Key Features:
- Tax Benefits: Deduction of up to ₹1,50,000 under Section 80C.
- Deposit Amount:
- Minimum: ₹100 (in multiples of ₹100 thereafter).
- Maximum: ₹1,50,000 per person.
- Tenure: 5 years (lock-in period).
- Interest Payment:
- Fixed Deposit: Monthly (discounted) or quarterly.
- Kamadhenu Deposit: Compounded quarterly.
Additional Details:
- Loan Facility: Cannot be pledged as collateral for loans.
- Premature Closure: Not allowed, except in the event of the depositor's death.
- Nomination Facility: Available.
- TDS: Applicable as per prevailing Income Tax rules.
Canara Bank Ashraya Fixed Deposit Scheme
The Ashraya Fixed Deposit Scheme is a special deposit plan for individuals aged 60 and above, offering higher returns, flexible tenures, and additional benefits.
Key Features:
- Eligible Accounts: Domestic Fixed Deposits and Kamadhenu Deposits.
- Deposit Amount:
- Minimum: ₹1,000 (odd amounts allowed).
- Maximum: No limit.
- Tenure:
- Fixed Deposits: 15 days to 120 months.
- Kamadhenu Deposits: Minimum 5 months.
- Interest Payment:
- Fixed Deposits: Monthly (discounted), quarterly, or half-yearly.
- Kamadhenu Deposits: Compounded quarterly, payable on maturity.
- Loan Facility: Up to 90% of the deposit amount.
- Nomination: Available.
Additional Details:
- Penalty for Premature Closure:
- A 1% penalty applies on early withdrawal of deposits below ₹2 crore as per bank norms.
- No penalty is charged on premature withdrawals for deposits of ₹2 crore and above.
- TDS: Applicable as per Income Tax rules.
Eligibility:
- Individuals aged 60 years or above (single or joint accounts).
- Joint accounts are allowed with another senior citizen or a person below 60 years, as long as the senior citizen is the primary account holder.
Mandatory Documents (for Age Verification):
- Secondary School Leaving Certificate, LIC Policy, Voter ID, Passport, Birth Certificate, Pension Payment Order, or other bank-accepted documents.
Disclaimer: The fixed deposit scheme details, interest rates, process to apply, and all other information specified above are as of when this page was written and are subject to change. For exact information, contact the bank or refer to the official website.
How to Open a Canara Bank Fixed Deposit?
Opening an FD with Canara Bank is quick and convenient. Follow these steps:
Online:
- Log in to Canara Bank’s net banking or mobile banking app.
- Navigate to the ‘Fixed Deposits’ section.
- Choose the deposit scheme and tenure.
- Enter the deposit amount and confirm the transaction.
Offline:
- Visit your nearest Canara Bank branch.
- Fill out the FD application form.
- Provide the required documents (ID proof, address proof, and PAN card).
- Deposit the amount and collect your FD receipt.
Tax Implications of Canara Bank Fixed Deposits
While the interest earned on FDs is taxable, Canara Bank deducts Tax Deducted at Source (TDS) as per government regulations. However, by submitting Form 15G or Form 15H (for senior citizens), investors can claim TDS exemption if their income falls below the taxable limit.
FAQs on Canara Bank FD Rates
1. What is the Canara Bank FD interest rate?
As of 2024, Canara Bank offers FD interest rates ranging from 3.50% to 6.60% p.a. for regular customers and 3.50% to 7.70% p.a. for senior citizens. The highest rate is available on the special 444-day scheme. Rates vary based on deposit tenure and are subject to periodic revisions.
2. What is Canara 444 Days FD?
The Canara 444 Days FD is a special fixed deposit scheme offering 6.60% p.a. for general customers and 7.10% p.a. for senior citizens for a fixed tenure of 444 days. It provides higher returns than regular FDs and is ideal for short-term investment. Premature withdrawal and nomination facilities are available.
3. Can I withdraw my FD before maturity?
Yes, Canara Bank permits premature withdrawal of fixed deposits; however, a penalty fee may apply depending on the deposit terms.
4. What is the minimum amount required to open a Canara Bank FD?
You can start a fixed deposit in Canara Bank with a minimum investment of ₹1,000. The deposit amount must typically be in multiples of ₹1,000, depending on the specific FD scheme.
5. Are Canara Bank FDs safe?
Yes, Canara Bank FDs are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) for up to ₹5 lakh per depositor.
6. Do senior citizens get extra benefits on Canara Bank FDs?
Yes, senior citizens earn an additional interest rate (usually 0.50% higher) on their deposits.
Disclaimer:This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.
Latest & Update Canara Bank Fixed Deposit Rate News
New update on Axis bank Fixed deposit interest rate21 Jan 2022
The leading private sector Axis Bank has revised the interest rate on fixed deposits. The new rates for the general public with effect from 20 January. After the recent amendment on FD to less than 2 crores, the bank provides an Interest rate of 2.5...
Read moreThe leading private sector Axis Bank has revised the interest rate on fixed deposits. The new rates for the general public with effect from 20 January. After the recent amendment on FD to less than 2 crores, the bank provides an Interest rate of 2.50% on deposits that are matured within 7-29 days. The bank provides a 3% Interest rate on deposits maturing between 30 days - 3 months. Likewise, A high rate is offered to the senior on selective maturities. The bank has modified FD interest rates for different tenures ranging from 7 days to 10 years. To know about the revised rates of the different tenure periods consumers can check the official website of Axis bank.
Canara bank's New update: The bank changes interest rate on Fixed deposits of less than 2 Cr18 Jan 2022
Canara bank revised the interest rate on fixed deposits of less than Rs. 2 Cr. The bank charges a 0.10 % Interest rate over and above the period on Canara unique retail term deposit scheme of 1111 days. The New revised rates were implemented from 17 ...
Read moreCanara bank revised the interest rate on fixed deposits of less than Rs. 2 Cr. The bank charges a 0.10 % Interest rate over and above the period on Canara unique retail term deposit scheme of 1111 days. The New revised rates were implemented from 17 January 2022.For the Canara Amrit-75 Retail Term Deposit Scheme of 75 Months, the bank levy an additional rate of 0.15 percent over and above the period. The bank has also modified the interest rate on Senior citizens, non-senior citizens, NRO, and NRE fixed deposits of less than 2 crores. The new amended interest rates are updated on Canara bank's official website.
Increase in Fixed Deposit Interest Rates at Canara Bank7 Dec 2020
Happy news for Canara Bank customers, your fixed deposits can now fetch higher returns. The state-owned bank has increased the interest rates of fixed deposits by 0.2%. Earlier, the bank was offering interest rates of 5.2% on FDs with tenures over th...
Read moreHappy news for Canara Bank customers, your fixed deposits can now fetch higher returns. The state-owned bank has increased the interest rates of fixed deposits by 0.2%. Earlier, the bank was offering interest rates of 5.2% on FDs with tenures over than two years but less than three years. Now, these FDs will fetch interests of 5.4%. The interests on FDs with tenures ranging from 3 to 10 years has also been revised from 5.3% to 5.5%. For senior citizens, FD interest rates have been increased by 0.5%. With this revision, Canara Bank now offers the highest interests on fixed deposits among all public-sector banks.
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