FD Interest Rate
Canara Bank FD Interest Rate: Canara Bank Fixed Deposit Interest Rate For Public and Senior Citizens [Updated]
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Canara Bank FD Interest Rate 2025: The Canara Bank has released its new updated Interest Rate on Fixed Deposits (FD). Recently, the Reserve Bank of India (RBI) has reduced the repo rate to 6%. Due to this, interest rate on FD has been decreased by all the banks in India. Along with FD, interest rates on Loans have also been decreased. The revised interest rates are as under (Rates in % p.a):
Canara Bank FD Interest Rate from 10.04.2025
| 2. TERM DEPOSITSRate of Interest (%) p.a.For Deposits less than Rs.3 Crore w.e.f. 10.04.2025 | ||||||||
| A. Domestic | ||||||||
| Less than Rs.3 Crore | ||||||||
| Callable | Non Callable ( Above Rs.1 Crore ) $ | |||||||
| Term Deposits (All Maturities) | General Public | Senior Citizen | General Public | Senior Citizen | ||||
| Rate of Interest (% p.a.) | Annualised Interest yield (% p.a.) ** | Rate of Interest (% p.a.) # | Annualised Interest yield (% p.a.) ** | Rate of Interest (% p.a.) | Annualised Interest yield (% p.a.) ** | Rate of Interest (% p.a.) # | Annualised Interest yield (% p.a.) ** | |
| 7 Days to 45 Days | 4.00 | 4.06% | 4.00 | 4.06% | NA | NA | NA | NA |
| 46 Days to 90 Days | 5.25 | 5.35% | 5.25 | 5.35% | 5.35 | 5.46% | 5.35 | 5.46% |
| 91 Days to 179 Days | 5.50 | 5.61% | 5.50 | 5.61% | 5.60 | 5.72% | 5.60 | 5.72% |
| 180 Days to 269 Days | 6.15 | 6.29% | 6.65 | 6.82% | 6.25 | 6.40% | 6.75 | 6.92% |
| 270 Days to less than 1 Year | 6.25 | 6.40% | 6.75 | 6.92% | 6.35 | 6.50% | 6.85 | 7.03% |
| 1 Year Only | 6.85 | 7.03% | 7.35 | 7.56% | 7.00 | 7.19% | 7.50 | 7.71% |
| 444 Days | 7.25 | 7.45% | 7.75 | 7.98% | 7.30 | 7.50% | 7.80 | 8.03 |
| Above 1 Year to less than 2 Years | 6.85 | 7.03% | 7.35 | 7.56% | 7.00 | 7.19% | 7.50 | 7.71% |
| 2 Years & above to less than 3 Years | 7.15 | 7.34% | 7.65 | 7.87% | 7.20 | 7.39% | 7.70 | 7.92 |
| 3 Years & above to less than 5 Years | 7.20 | 7.39% | 7.70 | 7.92% | NA | NA | NA | NA |
| 5 Years & above to 10 Years | 6.70 | 6.87% | 7.20 | 7.40% | NA | NA | NA | NA |
| $-Non-callable term deposits are deposits where PREMATURE WITHDRAWAL IS NOT PERMITTED.* Rates are applicable only for single deposit of Rs.5 Lakh & above. Below Rs.5 Lakh, Minimum tenor of deposit is 15 Days.# Additional interest of 0.50% for Senior Citizens is available for Deposits (Other than NRO/NRE and CGA Deposits) less than Rs. 3 Cr and with tenor of 180 Days and above.** Approximate Annualized Yield in % terms at the beginning of the slab. Effective Annualized rate of return on Bank’s Re-investment Deposit Plan (Kamadhenu Deposit) is based on quarterly compounding of interest.Bank Offers 6.70 % p.a. for Canara Tax Saver Deposit scheme (General Public). Maximum deposit acceptable is Rs 1.50 Lakh. Additional rate of interest 0.60% for Super Senior Citizen(80 years and above) is introduced under Canara-444 product only i.e. 7.85% for callable deposits and 7.90% for non callable deposits The above Rate of interest is applicable to Recurring deposits also. AUTO RENEWAL FACILITY: The deposit will be renewed automatically from the date of maturity for a similar period at the interest rate prevailing on the date of maturity for the original period of deposit. (except for Canara Tax Saver Deposits, Capital Gains Accounts, Court Deposits, Non-KYC Complied Term Deposits, Canara Samriddhi deposits (discontinued w.e.f. 01.10.2015),CanaraKhazana, CanaraShikhar Deposits (discontinued w.e.f. 26.03.2020),Canara Unique Deposits(discontinued w.e.f. 31.03.2022), CanaraAmrit (discontinued w.e.f. 26.01.2022), Non-callable deposits etc.) PENALTY: A penalty of 1.00% shall be levied for premature closure/part withdrawal/ premature extension of Domestic/NRO term deposits of less than Rs.3 Crore that are accepted /renewed on or after 12.03.2019.“For premature closure/part withdrawal/premature extension of Domestic/NRO term deposits, the Bank imposes a penalty of 1.00%. Such prematurely closed/part withdrawn/prematurely extended deposits will earn interest at 1.00% below the rate as applicable for the relevant amount slab as ruling on the date of deposit and as applicable for the period run OR 1.00% below the rate at which the deposit has been accepted, whichever is lower.” However, no interest will be payable on term deposits prematurely closed/prematurely extended before completion of 7th day. Penalty is waived for premature extension of Domestic / NRO term deposits of less than Rs.3 Crore during the tenure, where extension is for a period longer than the period originally agreed to.OVERDUE DEPOSITS: If a Domestic Term Deposit matures and proceeds are unpaid, the amount left unclaimed with the Bank shall attract rate of interest as applicable to saving account or the contracted rate of interest on the matured Term Deposit, whichever is lower.*- Special Retail Term Deposit Scheme of 444 days is introduced w.e.f 05.04.2023 for Domestic/NRO/NRE Retail Term deposits of below Rs.3 Crore without automatic renewal facility for Non-callable deposits.@- Bank is not accepting term deposits under Non-Callable segment for maturities of below 46 Days for Domestic/NRO, maturities of below 1 year for NRE and 3 years and above for deposit Above Rs.1 Crore to less than Rs.3 Crore. | ||||||||
The revised Rates of Interest for Bulk Deposits (Callable) w.e.f 05.04.2025 are as under:
| SLABS | PERIOD OF DEPOSIT | RATE OF INTEREST ( % P.A.) | ||||||||
| Callable Deposits w.e.f 05.04.2025 | ||||||||||
| 3 Crore – | 10 Crore & Above – upto 25 Crore | Above 25 Crore – | Above 50 Crore – upto 100 Crore | Above 100 Crore – upto 150 Crore | Above 150 Crore – upto 250 Crore | Above 250 Crore – upto 500 Crore | Above 500 Crore – upto 1000 Crore | Above 1000 Crore | ||
| less than 10 Crore # | upto 50 Crore | |||||||||
| 1 | 7 Days to 30 Days | 4.50 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| 2 | 31 Days to 45 Days | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| 3 | 46 Days to 90 Days | 5.50 | 5.50 | 5.50 | 5.50 | 5.50 | 5.50 | 5.50 | 5.50 | 5.50 |
| 4 | 91 Days to 120 Days | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 |
| 5 | 121 Days to 179 Days | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 |
| 6 | 180 Days to 269 Days | 6.75 | 6.75 | 6.75 | 6.75 | 6.75 | 6.75 | 6.75 | 6.75 | 6.75 |
| 7 | 270 Days to less than 1 Year | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| 8 | 1 Year Only | 7.30 | 7.30 | 7.30 | 7.30 | 7.30 | 7.30 | 7.30 | 7.30 | 7.30 |
| 9 | Above 1 Year to 1 Year 3 Months | 7.30 | 7.30 | 7.30 | 7.30 | 7.30 | 7.30 | 7.30 | 7.30 | 7.30 |
| 10 | Above 1 Year 3 Months to less than 2 Years | 6.80 | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 | 7.25 |
| 11 | 2 Years &above to less than 3 Years | 6.25 | 6.50 | 6.50 | 6.50 | 6.50 | 6.50 | 6.50 | 6.50 | 6.50 |
| 12 | 3 Years &above to less than 5 Years | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| 13 | 5 Years &above to 10 Years | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
