Canara Bank Latest Fixed Deposit Interest Rates
| TERM DEPOSITS | ||||
| A. Domestic | Rate of Interest (%) p.a. | |||
| For Deposits less than Rs.2 Crore w.e.f. 31.10.2022 |
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| Term Deposits (All Maturities) | General Public | Senior Citizen | ||
| 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* | 3.25 | 3.29% | 3.25 | 3.29% |
| 46 days to 90 days | 4.50 | 4.58% | 4.50 | 4.58% |
| 91 days to 179 days | 4.50 | 4.58% | 4.50 | 4.58% |
| 180 days to 269 days | 5.50 | 5.61% | 6.00 | 6.14% |
| 270 days to less than 1 Year | 5.50 | 5.61% | 6.00 | 6.14% |
| 1 year only | 6.25 | 6.40% | 6.75 | 6.92% |
| Above 1 year to less than 2 years | 6.25 | 6.40% | 6.75 | 6.92% |
| 666 Days | 7.00 | 7.19% | 7.50 | 7.71% |
| 2 years & above to less than 3 years | 6.25 | 6.40% | 6.75 | 6.92% |
| 3 years & above to less than 5 years | 6.50 | 6.66% | 7.00 | 7.19% |
| 5 years & above to 10 Years | 6.50 | 6.66% | 7.00 | 7.19% |
* Rates are applicable only for single deposit of Rs.5 Lakh & above. Minimum period for renewal of domestic/NRO term deposits is 7 days irrespective of the size of deposit. 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. 2 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 6.50 % p.a. for Canara Tax Saver Deposit scheme (General Public). Maximum deposit acceptable is Rs 1.50 Lakh.
The above Rate of interest is applicable to Recurring deposits also.
| 3. DOMESTIC BULK TERM DEPOSITS | ||||
| Domestic | Rate of Interest (% p.a.) | |||
| For Deposits Rs. 2 Crore & above to less than Rs. 10 Crore *
w.e.f. 31.10.2022 |
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| Term Deposits (All Maturities) | Callable | Non-Callable ++ | ||
| 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 | 2.90 | 2.93% | – NA – @ | |
| 46 days to 90 days | 3.10 | 3.14% | 3.10 | 3.14% |
| 91 days to 179 days | 3.35 | 3.39% | 3.35 | 3.39% |
| 180 days to 269 Days | 3.35 | 3.39% | 3.35 | 3.39% |
| 270 days to less than 1 Year | 5.75 | 5.88% | 5.80 | 5.93% |
| 1 year only | 6.00 | 6.14% | 6.05 | 6.19% |
| Above 1 year to less than 2 years | 6.00 | 6.14% | 6.05 | 6.19% |
| 2 years & above to less than 3 years | 6.00 | 6.14% | 6.05 | 6.19% |
| 3 years & above to less than 5 years | 6.00 | 6.14% | 6.05 | 6.19% |
| 5 years & above to 10 Years | 3.40 | 3.44% | No Quotes @ | |
* For interest rates of single domestic bulk term deposit of Rs.10 Crore and above, Kindly Contact the nearest Branch.
** 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.
++ Non-callable term deposits are Bulk deposits where PREMATURE WITHDRAWAL IS NOT PERMITTED. Auto Renewal facility is not available for Non-callable deposits.
@ Bank is not accepting Bulk term deposits under Non-callable segment for maturities of below 46 Days and 5 years and above.
| NON RESIDENT ACCOUNTS | ||||
| a. NRO – all maturities | Same as applicable to Domestic Term Deposits | |||
| b. NRE –Term deposits | Rate of interest (%) per annum | |||
| Period of Deposit | Less than Rs.2 Crore
(w.e.f. 31.10.2022) |
Rs. 2 Crore & above to less than Rs. 10 Crore (w.e.f. 31.10.2022) | ||
| Rate of Interest
(% per annum) |
Annualised
Interest Yield (% per annum) * |
Rate of Interest
(% per annum) |
Annualised
Interest Yield (% per annum) * |
|
| 1 year only | 6.25 | 6.40% | 6.00 | 6.14% |
| Above 1 year to less than 2 yrs | 6.25 | 6.40% | 6.00 | 6.14% |
| 666 Days | 7.00 | 7.19% | NA | NA |
| 2 yrs & above to less than 3 yrs | 6.25 | 6.40% | 6.00 | 6.14% |
| 3 yrs & above to less than 5 yrs | 6.50 | 6.66% | 6.00 | 6.14% |
| 5 yrs & above to 10 yrs | 6.50 | 6.66% | 3.40 | 3.44% |