Canara Bank FD interest rates range from 4.00% p.a. to 7.25% p.a. for general citizens and 4.00% p.a. to 7.75% p.a. for senior citizens, with flexible tenures from 7 days to 120 months. Some of the most popular FD schemes from Canara Bank include the Canara Green Deposit Scheme, Canara Kamadhenu Deposit, and Canara Ashraya Deposit Scheme (for senior citizens).
Guaranteed return plans provide assured returns and the security of a life cover. These plans are an excellent option for risk-averse investors, as they are not affected by market fluctuations.
Canara Bank Fixed Deposits offer guaranteed returns with interest rates up to 7.25% for general citizens and 7.75% p.a. for senior citizens. The bank offers a variety of FD schemes, including 444-Day Deposit, Canara Green Deposit Scheme, Canara Kamadhenu Deposit, and Canara Ashraya Deposit Scheme. Senior citizens earn an extra 0.50%, and super-seniors 0.60%. Standard FDs start at ₹1,000, with flexible tenure, different interest payout options, and options to take a loan against the deposit.
When choosing an investment, it's important to understand the distinctions between options. Fixed deposits offer guaranteed returns and security, while other products, such as guaranteed return plans and mutual funds, can provide growth opportunities with different degrees of risk.
15 days to 10 years
₹Rs 1000
No Maximum Limit
Monthly, quarterly, half-yearly, annually, & cumulative
Available
Up to 90% of the deposit amount
As per Income Tax rules
Rs 1,000 units allowed as part withdrawal
Canara Bank has revised interest rates, now offering rates of up to 6.50% p.a. for regular customers and 7.00% p.a. for senior citizens on 444-day term deposits, effective from August 7, 2025.
Below are the Canara FD interest rates for different tenures and deposit slabs. Rates can vary depending on tenure, amount, and customer category.
| Tenure | Regular Rates | Senior Citizen |
| 1 year | 6.85% | 7.35% |
| 444 days | 7.25% | 7.75% |
| 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 | 6.15% | 6.65% |
| 270 days to less than 1 year | 6.25% | 6.75% |
| Above 1 year to less than 2 years | 6.85% | 7.35% |
| 2 years to less than 3 years | 6.85% | 7.35% |
| 3 years to less than 5 years | 6.80% | 7.30% |
| 5 years to 10 years | 6.70% | 7.20% |
| Tenure | General Citizens (Callable) | General Citizens (Non-Callable) |
| 7 Days to 14 Days | 5.5% p.a. | NA |
| 15 Days to 30 Days | 5.65% p.a. | NA |
| 31 Days to 45 Days | 5.8% p.a. | NA |
| 46 Days to 90 Days | 5.8% p.a. | 5.83% p.a. |
| 91 Days to 120 Days | 5.9% p.a. | 5.93% p.a. |
| 121 Days to 179 Days | 6.15% p.a. | 6.18% p.a. |
| 180 Days to 269 Days | 6.4% p.a. | 6.43% p.a. |
| 270 Days to less than 1 Year | 6.5% p.a. | 6.53% p.a. |
| 1 Year Only | 6.6% p.a. | 6.63% p.a. |
| Above 1 Year to 1 Year 3 Months | 6.6% p.a. | 6.63% p.a. |
| Above 1 Year, 3 Months to less than 2 Years | 6.6% p.a. | 6.63% p.a. |
| 2 Years &above to less than 3 Years | 5.5% p.a. | 5.53% p.a. |
| 3 Years &above to less than 5 Years | 5% p.a. | 5.03% p.a. |
| 5 Years &above to 10 Years | 5% p.a. | 5.03% p.a. |
Note: Canara Bank Interest Rate w.e.f. Oct 04, 2025
| Bank Name | Lowest Rate | Highest Rate |
| State Bank Of India | 3.05% | 6.6% |
| ICICI Bank | 2.75% | 6.6% |
| HDFC Bank | 2.75% | 6.6% |
| Axis Bank | 3% | 6.6% |
| Punjab National Bank | 3% | 6.6% |
| Kotak Mahindra Bank | 2.75% | 6.6% |
| Yes Bank | 3.25% | 7.75% |
| Bank of Baroda | 3.5% | 6.6% |
| IndusInd Bank | 3.25% | 7% |
| Indian Bank | 2.8% | 6.7% |
| Union Bank of India | 3.4% | 6.6% |
| Bank of India | 3% | 6.6% |
| Canara Bank | 4% | 7.25% |
| IDBI Bank | 3% | 6.65% |
| Indian Overseas Bank | 3.5% | 6.8% |
| Bank of Maharashtra | 2.75% | 6.7% |
| Central Bank of India | 3.5% | 6.75% |
| Punjab and Sind Bank | 3% | 6.7% |
| UCO Bank | 2.75% | 5% |
| RBL Bank | 3.5% | 7.2% |
| PNB Housing Finance | 3.25% | 6.6% |
| Federal Bank | 3% | 6.7% |
| Bandhan Bank | 2.95% | 7.2% |
| South Indian Bank | 2.9% | 6.6% |
| Karur Vysya Bank | 4% | 6.65% |
| Tamilnad Mercantile Bank | 4% | 7.05% |
| Karnataka Bank | 3.5% | 6.65% |
| DBS Bank | 2.75% | 6.55% |
| Shriram Finance Ltd | 6.79% | 7.35% |
| Bajaj Finance Ltd | 6.6% | 6.95% |
| Mahindra Finance Ltd | 6.4% | 6.8% |
| Fincare Small Finance | 3% | 8.61% |
| Utkarsh | 4% | 7.65% |
| Unity Small Finance Bank | 4% | 6.75% |
| Suryoday Small Finance Bank | 4% | 8.05% |
| DCB Bank | 3.75% | 7.2% |
| Equitas Small Finance Bank | 3.5% | 7.4% |
| ESAF Small Finance bank | 2.75% | 7.6% |
| Karnataka Grameena Bank | 3.25% | 6.85% |
| North East Small Finance bank | 3.5% | 7.75% |
| Saraswat Bank | 3.25% | 6.8% |
| Shivalik Small Finance Bank | 3.5% | 7.3% |
| Ujjivan Small Finance Bank | 3.5% | 7.45% |
*FD interest rates w.e.f. October 2025 (for general public, domestic FDs < ₹3 Cr).
Canara Bank fixed deposits offer a wide range of unique features. Some of them are listed below.
You can open a Canara Bank FD either online or offline by visiting your nearest Canara Bank branch. Here’s how you can do it, by following the easiest method of the two different ways -
For existing Canara Bank customers, they can apply through internet banking or mobile banking -
Those who prefer the traditional method and not the online method can go to the bank branch and follow the given steps.
Canara Bank FDs are available for:
With options like Green Deposit, Tax Saver FD schemes, and 444 Days Deposit, Canara Bank offers FD interest rates up 7.25% p.a. for the general citizens and 7.75% p.a. for the senior citizens to attract a diverse customer base. Key schemes include the cumulative Kamadhenu Deposit, the tax-saving Tax Saver Scheme, the environment-focused Green Deposit Scheme, and the Ashraya Deposit Scheme for seniors. With a low minimum deposit of just ₹1,000, you have the benefit of flexible tenures from 15 days to 10 years with Multiple Interest Payout Choices, a Partial Withdrawal option, and the facility to secure a Loan Against FD.
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
* The Guaranteed Returns are dependent on the policy term and premium term availed, along with the other variable factors. The 6.9% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and premium term of 10 years with a Rs . 20,000 monthly instalment premium. The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year, and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
** The Life Cover amount varies as per plan specifications. Please read the policy document for details.
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
28 Aug 2025
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