Canara Bank Fixed Deposit (FD) Interest Rates

Features of Canara Bank FD

Interest rates (p.a)4.00% - 7.75%

Minimum deposit 1,000

Maximum deposit 5 Crs

Lock-in

12 months

Tenure 1 yr - 10 yrs

Extra 0.5% p.a.

FD Calculator

By Deposit Amount
By Target Amount

Deposit Amount

Min. 1,000, Max. 5 Crs

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Deposit Tenure

Min. 1 yr, Max. 10 yrs

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Regular income

Target Amount

Monthly Income

Min. 1,000, Max. 1,000

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Deposit Tenure

Min. 1 yr, Max. 10 yrs

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Canara Bank FD Interest Rate 2023

Tenure	General Public FD Rate	Senior Citizens FD Rate
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 less than 1 Year	6.50%	7.00%
1 year only	7.00%	7.50%
444 Days	7.25%	7.75%
Above 1 year to less than 2 years	6.90%	7.40%
2 years & above to less than 3 years	6.85%	7.35%
3 years & above to less than 5 years	6.80%	7.30%
5 years & above to 10 Years	6.70%	7.20%

Note: All interest rates shown above are annual (p.a.) as on 5th Apr 2023

Fixed Deposit Interest Rates Comparison 2023

Name	Interest rate (p.a.)	Tenure	Min. deposit
Bajaj Finance Ltd.	7.11% - 8.60%	1 - 5yrs	50,000	Deposit Now
SBI Bank	3.00% - 7.60%	1 - 10yrs	1,000	View details
ICICI Bank	3.00% - 7.60%	1 - 10yrs	10,000	View details
Axis Bank	3.50% - 7.95%	1 - 10yrs	5,000	View details
HDFC Bank	3.00% - 7.75%	1 - 10yrs	5,000	View details
Bank of Baroda	3.00% - 7.75%	1 - 10yrs	1,000	View details
IDFC Bank	3.50% - 8.00%	1 - 10yrs	10,000	View details
Kotak Mahindra Bank	2.75% - 7.70%	1 - 10yrs	5,000	View details
Canara Bank	4.00% - 7.75%	1 - 10yrs	1,000	View details
Yes Bank	3.25% - 8.25%	1 - 10yrs	10,000	View details
IndusInd Bank	3.50% - 8.25%	1yr - 5yrs 1m	10,000	View details
Punjab National Bank	3.50% - 7.75%	1 - 10yrs	1,000	View details
IDBI Bank	3.00% - 7.30%	1 - 20yrs	10,000	View details
Union Bank	3.00% - 7.75%	1 - 10yrs	1,000	View details
Citibank	3.50% - 7.95%	1 - 5yrs	1,000	View details
RBL Bank	3.50% - 8.30%	1 - 10yrs	1,000	View details
Indian Bank	2.80% - 7.20%	1 - 10yrs	1,000	View details

About Canara Bank

Canara Bank is one of the largest state-owned commercial banks in India, headquartered in Bengaluru. On April 1, 2020, Syndicate Bank was amalgamated into Canara Bank, making Canara Bank the fourth largest public sector bank in the country. The combined entity has 10,391 branches, 12,829 ATMs and a business size of over 16 trillion. Canara Bank offers a variety of products catering to the needs of its customers and is a pioneer in IT initiatives with a priority to bring its customers to technology-enabled banking.

Benefits of Canara Bank Fixed Deposit

1. Diverse range of schemes - Canara Bank offers a number of fixed deposit schemes such as Regular Fixed Deposit Scheme, Tax Saver Deposit Scheme, Kamadhenu Deposit Scheme (Reinvestment Plan) and Ashraya Deposit Scheme (Senior Citizens). Current Canara Bank FD interest rates on regular fixed deposit schemes can help investors to save and earn decent returns with minimal risk.
2. Minimum deposit of 1000 - The minimum deposit to open a fixed deposit in Canara Bank is 1000. Given the focus on rural development, this nominal amount is easy for most people across the country to invest in a fixed deposit and benefit.
3. Schemes for Indians and NRIs - The bank offers a variety of fixed deposit schemes for domestic and NRI customers across multiple tenures ranging from seven days to 10 years. Existing Canara Bank fixed deposit interest rates range from 3% to 5.30%. You can open a Canara Bank fixed deposit at any nearest branch or alternatively invest in it online or their website.
4. Loans against FDs - You can avail a loan against your FD up to 90% of the deposit amount. The tenure of the loan will be limited to the tenure of the fixed deposit; however, you may not get a loan on tax saving FDs.

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Regular income

Target Amount

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Earn 0.25% p.a. extra interest

Maximise your returns with

Bajaj Finance Ltd.

★ ★ ★ ★ ★

8.6%

Check out Bajaj Finance Ltd.

ET Money does not offer investment options with Canara Bank fixed deposit,