Canara Bank FD Rates

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 6.35% 6.85%
1 year 6.50% 7.00%
1 year 1 day to 1 year 364 days 6.45% 6.95%
2 years to 4 years 364 days 6.20% 6.70%
5 years to 10 years 6.00% 6.50%

Canara Bank Fixed Deposit Calculator

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Investment Amount Minimum - Rs.1000 Maximum- No Maximum Limit
Tenure Minimum - 7 daysMaximum- 10 Years
No Penalty on Pre-mature Withdrawals Domestic or NRO deposits are authorised to withdrawal before the maturity tenure with no penalty interest for deposit above Rs. 1 cr
FDs for NRIs NRI can open an FD account with Canara Bank under its NRI, NRO, NRE, FCNR accounts

Canara Bank FD Interest Rates

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:

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

Canara Bank Fixed Deposit Rates

It is advisable to reconfirm the FD Rates from the bank before making any decision on basis of data provided below.

For Domestic Deposits - Less than Rs. 1cr (As on Jun 30, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
7 days to 14 days Less than Rs. 1cr 4.2 4.7
15 days to 30 days Less than Rs. 1cr 4.2 4.7
31 days to 45 days Less than Rs. 1cr 4.5 5
46 days to 60 days Less than Rs. 1cr 4.75 5.25
61 days to 90 days Less than Rs. 1cr 4.75 5.25
91 days to 120 days Less than Rs. 1cr 5.5 6
121 days to 179 days Less than Rs. 1cr 5.75 6.25
180 days to 269 days Less than Rs. 1cr 6.35 6.85
270 days to less than 1 year Less than Rs. 1cr 6.35 6.85
1 year Less than Rs. 1cr 6.75 7.25
1 year and above to less than 2 years Less than Rs. 1cr 6.65 7.15
2 years and above to less than 3 years Less than Rs. 1cr 6.65 7.15
3 years and above to less than 5 years Less than Rs. 1cr 6.65 7.15
5 years and above to less than 8 years Less than Rs. 1cr 6.25 6.75
8 years and above to 10 years Less than Rs. 1cr 6.25 6.75

 

For Domestic Deposits - Rs. 1 cr and above (As on Jul 19, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
7 days to 14 days Rs. 1 cr and above 4 N.A
15 days to 30 days Rs. 1 cr and above 4 N.A
31 days to 45 days Rs. 1 cr and above 4 N.A
46 days to 60 days Rs. 1 cr and above 4.25 4.3
61 days to 90 days Rs. 1 cr and above 4.25 4.3
91 days to 120 days Rs. 1 cr and above 4.25 4.3
121 days to 179 days Rs. 1 cr and above 4.75 4.8
180 days to 269 days Rs. 1 cr and above 4.75 4.8
270 days to less than 1 year Rs. 1 cr and above 4.75 4.8
1 year and above to less than 2 years Rs. 1 cr and above 4.9 4.95
2 years and above to less than 3 years Rs. 1 cr and above 4.9 4.95
3 years and above to less than 5 years Rs. 1 cr and above 4.9 4.95
5 years and above to less than 8 years Rs. 1 cr and above 4.9 N.A
8 years and above to 10 years Rs. 1 cr and above 4.9 N.A

 

Tax Saver FD (Max Deposit - 1 LPA)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
Canara Tax Saver Scheme - 5 years Upto Rs. 1 lakh 6.25 6.75

 

Tax Implications

  1. The amount invested in Fixed Deposit with a tenure of 5 years with Canara Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.
  2. The applicable tax will be deducted at source, i.e. Canara Bank, in case the annual interest earned crosses Rs. 10,000.

 

For NRO Fixed Deposit - Less than Rs. 1cr (As on Jun 30, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
7 days to 14 days Less than Rs. 1cr 4.2
15 days to 30 days Less than Rs. 1cr 4.2
31 days to 45 days Less than Rs. 1cr 4.5
46 days to 60 days Less than Rs. 1cr 4.75
61 days to 90 days Less than Rs. 1cr 4.75
91 days to 120 days Less than Rs. 1cr 5.5
121 days to 179 days Less than Rs. 1cr 5.75
180 days to 269 days Less than Rs. 1cr 6.35
270 days to less than 1 year Less than Rs. 1cr 6.35
1 year Less than Rs. 1cr 6.75
1 year and above to less than 2 years Less than Rs. 1cr 6.65
2 years and above to less than 3 years Less than Rs. 1cr 6.65
3 years and above to less than 5 years Less than Rs. 1cr 6.65
5 years and above to less than 8 years Less than Rs. 1cr 6.25
8 years and above to 10 years Less than Rs. 1cr 6.25

 

For NRO Fixed Deposit - Rs. 1 cr and above (As on Jul 19, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
7 days to 14 days Rs. 1 cr and above 4
15 days to 30 days Rs. 1 cr and above 4
31 days to 45 days Rs. 1 cr and above 4
46 days to 60 days Rs. 1 cr and above 4.25
61 days to 90 days Rs. 1 cr and above 4.25
91 days to 120 days Rs. 1 cr and above 4.25
121 days to 179 days Rs. 1 cr and above 4.75
180 days to 269 days Rs. 1 cr and above 4.75
270 days to less than 1 year Rs. 1 cr and above 4.75
1 year and above to less than 2 years Rs. 1 cr and above 4.9
2 years and above to less than 3 years Rs. 1 cr and above 4.9
3 years and above to less than 5 years Rs. 1 cr and above 4.9
5 years and above to less than 8 years Rs. 1 cr and above 4.9
8 years and above to 10 years Rs. 1 cr and above 4.9

 

For NRE Fixed Deposit - Less than Rs. 1cr (As on Jun 30, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
1 year Less than Rs. 1cr 6.75
1 year and above to less than 2 years Less than Rs. 1cr 6.65
2 year and above to less than 3 years Less than Rs. 1cr 6.65
3 year and above to less than 5 years Less than Rs. 1cr 6.65
5 year and above to to less than 8 years Less than Rs. 1cr 6.25
8 year and above to 10 years Less than Rs. 1cr 6.25

 

For NRE Fixed Deposit - Rs. 1 cr and above (As on Jul 12, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
1 year and above to less than 2 years Rs. 1 cr and above 4.9
1 year Rs. 1 cr and above 5.85
2 year and above to less than 3 years Rs. 1 cr and above 4.9
3 year and above to less than 5 years Rs. 1 cr and above 4.9
5 year and above to to less than 8 years Rs. 1 cr and above 4.9
8 year and above to 10 years Rs. 1 cr and above 4.9

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