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Canara Bank FD Interest Rates
Canara Bank offers fixed deposit (FD) interest rates ranging from 3.00% to 6.60% p.a. for regular citizens and 3.00% to 7.10% p.a. for senior citizens, effective from 5th August 2026. The tenures range from 7 days to 10 years.
Guaranteed Returns
Includes Life Cover
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
7.4%*
(Tax-Free)
Guaranteed Plan
(By Insurance companies)4.6%*
(After Tax)
Fixed Deposit
(Offered by Banks)4.0%*
Savings Account
(Post Office)Get Guaranteed returns up to 7.4%*
Fully Tax-Free, Life Cover Included
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FD Interest Rates
- Canara Bank FD Rates
Canara Fixed Deposit Rates Overview
- General Public Interest Range: 3.00% – 6.60% p.a.
- Senior Citizen Interest Range: 3.00% – 7.15% p.a.
- Highest Yield Scheme: 6.60% p.a. for 555 Days
- 5-Year Tax Saver Rate: 6.25% p.a. (General Public) | 6.75% p.a. (Senior Citizens)
Canara Bank FD Interest Rates
Canara Bank fixed deposit rates can vary depending on tenure, amount, and customer category, and are effective from March 17, 2026:
Revised FD Rates (Deposits Below ₹3 crore)
The highest rate offered by Canara is on the 555-day tenure of 6.10% p.a. for general and 7.10% p.a. for senior citizens w.e.f. 05th Aug 2026 (last verified in September):
| Tenure | General Citizens (p.a.) | Senior Citizens (p.a.) |
| 7 days to 45 days | 3.00% | 3.00% |
| 46 days to 90 days | 4.00% | 4.00% |
| 91 days to 179 days | 4.25% | 4.25% |
| 180 days to 269 days | 5.25% | 5.75% |
| 270 days to less than 1 year | 5.50% | 6.00% |
| 1 Year & above to 1 year 3 months only (Except 444 days) | 6.25% | 6.75% |
| 444 days | 6.50% | 7.00% |
| 555 Days | 6.60% (Highest) | 7.10% (Highest) |
| Above 1 Year 3 months to less than 2 Years (Except 555 days) | 6.25% | 6.75% |
| 2 years & above to less than 3 years | 6.25% | 6.75% |
| 3 years to less than 5 years | 6.25% | 6.75% |
| 5 years to 10 years | 6.25% | 6.75% |
Canara Bank FD Interest Rates w.e.f. 05th August, 2026
Canara Bank FD Interest Rates: Key Highlights
| Features | Details |
| FD interest rates | 3.00% - 6.60% |
| Additional rate for senior citizens | 0.50% |
| Deposit Tenure | 7 days to 10 years |
| Minimum Deposit | ₹1,000 |
| Maximum Deposit Amount | No Maximum Limit |
| Interest Payment | Monthly, quarterly, half-yearly, annually, & cumulative |
| Premature Withdrawal | Available |
| Loan against FD | Canara Loan against FD is available up to 90% of the deposit amount |
| Additional Facility | Rs 1,000 units allowed as part withdrawal |
How Canara Bank FD Interest Rates Are Decided
Canara Bank’s Asset Liability Management Committee (ALCO) sets the interest rates for fixed deposits (FDs). They follow rules from the RBI and operate under the guidelines set by the bank's Board of Directors. The other factors include:
- RBI Repo Rate: If the RBI increases or lowers its main interest rate, Canara Bank usually adjusts its FD rates to match.
- Inflation and Economy: They track whether prices are rising in the market and how the overall economy is doing.
- Bank's Need for Money: If the bank needs more funds to give out loans, it offers higher FD rates to attract depositors. If it already has plenty of cash, rates may stay low.
- Cost and Profit: The bank checks how much it spends to manage deposits versus how much it earns from loans to keep the business profitable.
Interest Rates for Canara Tax-Saving FD
Canara Bank tax-saving fixed deposit provides an interest rate of 6.25% p.a. for regular citizens and 6.75% p.a. for senior citizens. This deposit requires a fixed 5-year lock-in period with no premature withdrawals or loan options allowed, while permitting investments from ₹100 up to ₹1.5 lakh per financial year under Section 123 (previously Section 80C). You can opt to receive interest payouts monthly or quarterly, or choose quarterly compounding until maturity through the Kamadhenu deposit scheme.
Canara Bank Senior Citizen FD Rates
The additional rate of 0.50% p.a. and 0.60% p.a. is added to tenured and super senior citizens, respectively. The current Canara senior citizens FD rates start from 3.00% p.a. up to 7.10% p.a.
Canara 555 Days Deposit Scheme
In Canara Bank 555 Days FD Scheme, senior citizens (aged 60 and above) get an extra 0.50% interest, while super senior citizens (aged 80 and above) get an extra 0.60% interest. Plus, you can take a loan of up to 90% against your deposit if you ever need quick funds.
Canara Bank FD Interest Rate Calculator
The Canara Bank Fixed Deposit (FD) Interest Rate Calculator is a free online tool that helps you quickly calculate how much money you will get when your fixed deposit matures. Instead of doing manual calculations, you enter three details:
- Deposit Amount: The total money you want to invest.
- Tenure: How long you want to keep the deposit (from 7 days to 10 years).
- Interest Rate: The current interest rate offered by the bank for your selected period.
FAQs
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What are the latest Canara Bank FD interest rates?
The latest Canara Bank FD interest rates range from 3.00% p.a. to 6.60% p.a. for general citizens and 3.00% p.a. to 7.10% p.a. for senior citizens. -
Do senior citizens receive additional interest on Canara Bank fixed deposits?
Yes, Canara Bank Senior and super senior Citizen FD rates are generally 0.50% to 0.60% higher than the general rates. -
How is the interest earned on Canara Bank fixed deposits taxed?
Interest income from Canara Bank fixed deposits is subject to TDS (Tax Deducted at Source) under the prevailing income tax laws, unless exempted under a valid Form 15G/15H. -
What is the Canara Bank Green Deposit Scheme?
The Canara Green Deposit is an innovative fixed deposit scheme designed for customers who wish to align their investments with environmental sustainability. By investing in this deposit for specific tenures of 1111, 2222, and 3333 days, they can ensure their funds are used exclusively to finance projects that benefit the environment. -
What are FD interest rates?
FD interest rates are the returns a bank pays you on a fixed deposit investment. The rate determines how much interest you earn over the life of the deposit.
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10 Feb 2026
Fixed deposit (FD) interest rates in India currently range from
˜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 7.4% 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
##The Guaranteed Returns are dependent on the policy term and premium term availed along with other variable factors. 7.4% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and a premium term of 10 years with ₹5,00,000 annually installment premium. All plans listed here are from insurance companies’ funds.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ