Canara bank fd rates

With a wide range of fixed deposit (FD) options offered to domestic as well as Non-Resident Indians (NRI), Canara bank is a renowned name in the banking and finance sector in India. In this post, we will take a look at the Canara Bank FD rates. FD interest rates offered by Canara Bank allow guaranteed returns to the investors. The bank further offers a high rate of interest on FDs to the senior citizens of the country. The FD interest returns are much higher as compared to the savings account interest rate with a varying range of tenure starting from 7 days – 10 years. What’s Inside • • • 1. • 2. • 3. • 4. • • • • • • • 1. • 2. Canara Bank FD interest rates 2023 Here is a look at the FD interest rates offered by Canara bank: Tenure Regular Rates Senior Citizen 7 days to 45 days 4.00% 4.00% 45 days to 90 days 5.25% 5.25% 91 days to 179 days 5.50% 5.50% 180 days to 269 days 6. 25% 6.75% 270 days to less than a year 6. 50% 7.00% 1 year 7.00% 7.50% 444 days 7.25% 7.75% Above 1 year less than 2 years 6.90% 7.40% 2 years to less than 3 years 6.85% 7.35% 3 years to less than 5 years 6.80% 7.30% 5 years to 10 years 6.70% 7.20% Canara Bank FD Scheme – Types There are four types of FD schemes offered by Canara bank to its domestic customers, such as: • Regular FD • Tax Saver Deposit • Kamdhenu Deposit • Ashraya Deposit 1. Regular Fixed Deposit Scheme – It allows individuals to invest money in the FD account to gain lucrative returns. This is a low risk scheme allowing varied flexibi...

Canara Bank FD Interest Rates 2023 Canara Bank FD Rates for Domestic Deposits of less than Rs 2 crore w.e.f. 5th April 2023 FD Tenure Interest Rates (% p.a.) Regular Citizens Senior Citizens 7 days to 45 days* 4.00 4.00 46 days to 90 days 5.25 5.25 91 days to 179 days 5.50 5.50 180 days to 269 days 6.25 6.75 270 days to less than 1 year 6.50 7.00 1 year 7.00 7.50 444 days 7.25 7.75 Above 1 year to less than 2 years 6.90 7.40 2 years to less than 3 years 6.85 7.35 3 years to less than 5 years 6.80 7.30 5 years to 10 years 6.70 7.20 Note: Rates as of 14th June 2023 Note: • *Rates applicable only for a single deposit of Rs.5 lakhs & above • Minimum tenure of the deposit is 15 days for deposits below Rs 5 lakhs • Additional senior citizen interest rates of 0.50% are applicable to only domestic deposits The maturity value depends on the tenure of the fixed deposit, amount and type of FD chosen, i.e., cumulative and non-cumulative Under non-cumulative FD, Canara Bank offers monthly, quarterly, half-yearly and annual options for tenures of 15 days to 120 months. In case of cumulative FD, also known as Kamadhenu Deposit (Re-investment Plan), the interest is compounded quarterly and the interest component remains invested until maturity. The tenure for Kamadhenu Deposit varies from 5 months to 120 months. Get Secured Credit Card with Credit Limit of 100% of your FD Benefits of Using Canara B ank FD Calculator Free of Cost Canara Bank FD Calculator is free of cost and can be used se...

Canara Bank, a public sector bank, has increased interest rates on fixed deposits under Rs 2 crore. The new rates are effective from January 18, 2023, according to the bank's official website The bank offers interest rates on deposits maturing in 7 days to 10 years that range from 3.25% to 7.15% for the general public and 3.25% to 7.65% for senior citizens after the revision Individuals can earn 7.15 per cent on 400 days new tenor of Canara Bank FD. The senior citizens will earn 7.65 per cent on the same tenure. For non-callable deposit above Rs 15 lakh, the bank offers highest interest rate of 7.45 per cent on 400 days tenor for regular citizen and 7.75% for senior citizens. Callable Non Callable (above Rs. 15 Lakh) Term Deposits (All Maturities) General Public Senior Citizen General Public Senior Citizen Rate of Interest (% p.a.) Rate of Interest (% p.a.) # Rate of Interest (% p.a.) Rate of Interest (% p.a.) # 7* Days to 45 Days 3.25 3.25 NA NA 46 Days to 90 Days 4.5 4.5 4.55 4.55 91 Days to 179 Days 4.5 4.5 4.55 4.55 180 Days to 269 Days 5.5 6 5.55 6.05 270 Days to less than 1 Year 5.5 6 5.55 6.05 1 Year only 6.75 7.25 6.9 7.4 Above 1 Year to less than 2 Years 6.8 7.3 7.05 7.55 400 DAYS 7.15 7.65 7.25 7.75 666 Days 7 7.5 NA NA 2 Years & above to less than 3 Years 6.8 7.3 7.05 7.55 3 Years & above to less than 5 Years 6.5 7 6.75 7.25 5 Years & above to 10 Years. 6.5 7 6.75 7.25 Overdue Deposits If a Domestic Term Deposit matures and the funds are not paid, the amount tha...

Canara Bank has revised interest rates on deposits that are less than ₹2 crore with effect from 8 August 2021. The bank has cut interest on all deposits except for those with a maturity period of 46 days to 90 days. After the latest revision, for term deposits with a maturity period of 7-45 days, Canara Bank will offer a 2.90% interest rate. For FDs with maturity period 46-90 days, 91 days to 179 days and 180 days to less than 1 Year, the bank will give 3.9, 3.95 and 4.40% interest rates respectively. For FDs maturing in 3 years & above to less than 5 years, and 5 years & above to 10 Years, the bank has slashed interest by 25 bps. These will now fetch 5.25% Canara Bank latest FD interest rates (below ₹2 crore) for the general public effective 8 August 2021 7 days to 45 days - 2.90% 46 days to 90 days - 3.90% 91 days to 179 days - 3.95% 180 days to less than 1 Year- 4.40% 1 year only -5.10% Above 1 year to less than 2 years - 5.10% 2 years & above to less than 3 years - 5.10 % 3 years & above to less than 5 years-5.25% 5 years & above to 10 Years- 5.25% After the latest revision, senior citizens will get an interest rate ranging from 2.90% to 5.75% for FDs maturing in 7 days to 10 years. Canara Bank gives 50 basis points more than the general customers to

The bank is offering an interest rate of 2.90% for savings accounts with an outstanding balance of less than Rs. 50 lakh and between Rs. 50 lakh and less than Rs. 5 crore. The bank revised the interest rate on savings account balances between Rs 5 crore to less than Rs 10 crore to 2.95%, and revised the interest rate on savings account balances between Rs 10 crore to less than Rs 100 crore to 3.05%. Canara Bank will now offer an interest rate of 3.40% for outstanding savings account balances of 500 crore to less than Rs 1000 crore. The interest rate for savings account balances of Rs. 1000 crore to Rs 2000 Cr is 3.55%. For outstanding balances of Rs. 2000 crore and above, the bank has established a new slab with a 4% interest rate. According to the latest tweet by Canara Bank, “Now get maximum returns on your investment! Presenting Canara Bank Special Deposit Scheme that offers 7.50% interest by investing for 666 days. Effective from 7th October 2022.” Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

Tenure General Public FD Rate Senior Citizens FD Rate 7 days to 45 days* 3.25% 3.25% 46 days to 90 days 4.50% 4.50% 91 days to 179 days 4.50% 4.50% 180 days to 269 days 5.50% 6% 270 days to less than 1 Year 5.50% 6% 1 year only 6.75% 7.25% Above 1 year to less than 2 years 6.80% 7.30% 666 Days 7% 7.50% 2 years & above to less than 3 years 6.80% 7.30% 3 years & above to less than 5 years 6.50% 7% 5 years & above to 10 Years 6.50% 7% Note: All interest rates shown above are annual (p.a.) as on 19th Dec 2022 Name Interest rate (p.a.) Tenure Min. deposit Bajaj Finance Ltd. 7.11% - 8.60% 1 - 5yrs ₹15,000 SBI Bank 2.90% - 5.40% 1 - 10yrs ₹1,000 ICICI Bank 2.50% - 5.60% 1 - 10yrs ₹10,000 Axis Bank 2.50% - 5.75% 1 - 10yrs ₹5,000 HDFC Bank 2.50% - 5.50% 1 - 10yrs ₹5,000 Bank of Baroda 2.80% - 5.25% 1 - 10yrs ₹1,000 IDFC Bank 3.00% - 4.65% 1 - 10yrs ₹10,000 Kotak Mahindra Bank 2.50% - 5.30% 1 - 10yrs ₹5,000 Canara Bank 2.90% - 5.35% 1 - 10yrs ₹1,000 View details Yes Bank 3.25% - 6.25% 1 - 10yrs ₹10,000 IndusInd Bank 2.50% - 6.00% 1yr - 5yrs 1m ₹10,000 Punjab National Bank 2.90% - 5.25% 1 - 10yrs ₹1,000 IDBI Bank 2.70% - 5.40% 1 - 20yrs ₹10,000 Union Bank 3.00% - 5.50% 1 - 10yrs ₹1,000 Citibank 1.85% - 3.50% 1 - 5yrs ₹1,000 RBL Bank 3.25% - 6.30% 1 - 10yrs ₹1,000 Indian Bank 2.80% - 5.25% 1 - 10yrs ₹1,000 About Canara Bank Canara Bank is one of the largest state-owned commercial banks in India, headquartered in Bengaluru. On April 1, 2020, Syndicate Bank was amalgamated into Canara B...

Tenure Normal Citizen FD Rate Senior Citizen FD Rate 7 days - 1 month 15 days 4% 4% 1 month 16 days - 2 months 29 days 5.25% 5.25% 2 months 30 days - 5 months 26 days 5.5% 5.5% 5 months 27 days - 8 months 24 days 6.25% 6.75% 8 months 25 days - 11 months 29 days 6.5% 7% 11 months 30 days - 11 months 30 days 7% 7.5% 1 year - 1 year 2 months 16 days 6.9% 7.4% 1 year 2 months 17 days - 1 year 2 months 17 days 7.25% 7.75% 1 year 2 months 18 days - 1 year 11 months 30 days 6.9% 7.4% 2 years - 2 years 11 months 29 days 6.85% 7.35% 2 years 11 months 30 days - 4 years 11 months 29 days 6.8% 7.3% 4 years 11 months 30 days - 9 years 11 months 28 days 6.7% 7.2% Canara Bank was established in 1906 and is a large public sector bank that went public in 2002. As of March 31st, 2022, the Government of India owned 62.93% of the bank. In April 2020, Canara Bank merged with Syndicate Bank. In addition to banking, Canara Bank offers factoring, asset management, insurance, and retail and institutional broking services through its subsidiaries and associates. The bank has its headquarters in Bengaluru. As of March 2022, the Canara Bank has 9,734 branch offices across India, a presence in 3 foreign countries, and 10,817 ATMs. The total deposits as of March 2022 stood at INR 10,86,340 crores. Canara Bank’s Fixed Deposits have a AAA Credit Rating. Canara Bank offers multiple fixed deposits for various tenures with different interest rates to its investors. The interest rate on Canara Bank FDs is hi...

Learn to Open Fixed Deposit (FD) Online in Canara Bank Using Internet Banking and have a check on latest fixed deposit (FD) interest rates in Canara Bank– There are many investment options available according to our needs, wants and goals. It becomes very difficult to choose best investment instrument that can fulfill our needs. We have many options with varying risk factor to diversify our investment portfolio. But one must have instrument in every portfolio is Fixed Deposit (FD) as it comes with Zero risk factor and assured return. How to Open Fixed Depsoit (FD) Online in Canara Bank Internet Banking Canara Bank Fixed Deposit (FD) is a risk free way t o invest your money and earn good amount of return on it. Money lying idle in saving account at less interest rate can be fixed in FD account to earn high interest rate. The rate of interest on fixed deposit varies from bank to bank. With evolution of alternate banking channel and technical advancement in banking sector, most of the banking services are available through internet banking. So you can also open FD online using Canara Internet Banking without any hassle to visit bank branch and no documentation. All you must have is an active Canara Bank Internet Banking access with User Name and Password. You may be interested to read Today in this post, we will learn step wise how to open fixed deposit (FD) Online in Canara Bank and latest FD interest rates. Eligibility to Open Fixed Deposit The following categories of custo...