Fixed Deposit Rate of Canara Bank

Tenure Interest Rates for Regular Deposit Interest Rates for Senior Citizen
7 days to 14 days 4.20% 4.70%
15 days to 30 days 4.20% 4.70%
31 days to 45 days 4.50% 5.00%
46 days to 60 days 4.75% 5.25%
61 days to 90 days 4.75% 5.25%
91 days to 120 days 5.50% 6.00%
121 days to 179 days 5.75% 6.25%
180 days to 364 days 6.50% 7.00%
1 year to 10 years 6.90% 7.40%

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Canara Bank FD rates offer decent interest of interests to its investors for fixed deposits Interest rates. The section of Article throws light on the rate of interest on FD in Canara bank.

Up to a year, the highest rate of interest is 6.90 %, yet for above annually, it’s 6.90 % and a little less than 6.90 % in a few cases. If carefully examined, the rates of interest are identical for over a five-year period.

The rates are even short in any cases as they grow the highest period of ten years, this is due to the evaluation of FD rates of interest in which would diminish in just a few years.

So, the bank fixes the range of positive degenerating relations and establishes the rates of interests a little lower than a fallback contract in the cases of long-term investments lying between 5 and ten years. What the rates of interest for savings account in Canara Bank is 4% same as other Banks of India.

Key Highlights of FD interest rate Canara Bank:

  • Canara Bank provides FD rate of interest highest up to 7.00 percent yearly.
  • Interest paid on deposits with Canara Bank is compounded once in three months.
  • Canara Bank starts accepting deposits starting from Rs. 1000 depending on different tenures.
  • To the senior citizens for age above 60 years, Canara Bank provides higher interest rate.

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