Current Canara Bank FCNR Rates
Canara Bank offer the highest FCNR(B) interest rate of 5.05% p.a. for a tenure of 1 year to less than 2 years, applicable from 07 October 2026:
| Maturity Period |
USD < $100,000 |
USD>=100000 to
USD <1500000
|
USD>=1500000 |
GBP
(p.a.)
|
EUR
(p.a.)
|
CAD
(p.a.)
|
AUD
(p.a.)
|
| 1 year to less than 2 years |
4.95 |
5.00 |
5.05 |
4.20 |
2.70 |
3.20 |
3.70 |
| 2 years to less than 3 years |
3.90 |
3.90 |
3.90 |
3.00 |
2.00 |
3.25 |
3.50 |
| 3 years to less than 4 years |
3.70 |
3.70 |
3.70 |
2.50 |
1.50 |
3.00 |
3.00 |
| 4 years to less than 5 years |
3.50 |
3.50 |
3.50 |
2.50 |
1.50 |
3.00 |
3.00 |
| 5 years only |
3.50 |
3.50 |
3.50 |
2.50 |
1.50 |
3.00 |
3.00 |
*Canara Bank FCNR(B) rates w.e.f. 07 October 2026
How Are Canara Bank FCNR Rates Determined?
Canara Bank FCNR(B) rates are subject to many variables, including currency, deposit amount, period and terms of interest calculation applicable.
- Currency and Term: The relevant rate of Canara Bank FCNR(B) is determined by the currency, amount of deposit and term. Available in USD, GBP, EURO, CAD and AUD deposits.
- Deposit Amount: The appropriate rate for deposits of USD 1 million or more or the equivalent amount in another currency is decided individually in accordance with the existing terms of the bank.
- Interest Calculation: Interest is calculated on the basis of a 360-day year and is payable at 180-day intervals. The balance term is determined by the actual number of days.
- Interest Compounding: Interest on FCNR term deposits is compounded semi-annually.
- Interest Payment on Maturity: The customer can select to receive the interest on maturity. The interest will be compounded every 180 days.
- Premature Closure: For special FCNR(B) deposits closed after the mandatory one-year lock-in period, the interest payable is based on the rate applicable for the actual deposit period. For every bank, the lower of the FCNR deposit rate prevailing on the deposit opening date or closure date applies.
Estimate the Returns Using Canara FD Calculator
You can use the Canara Bank FD calculator to calculate the maturity amount and the interest you will earn on your deposit. However, FCNR(B) rates are specifically linked to the foreign currency and tenure selected. Similar to regular Canara Bank FD rates, the applicable rate varies based on the deposit terms.Â
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