Canara Bank is one of India’s largest public sector banks, offering a wide range of financial services. It provides fixed deposits with attractive interest rates, flexible tenures, and special rates for senior citizens. Use the calculator to estimate your interest earnings and maturity amounts, making it easy to plan and manage your investments.
Here is the interest rate table for fixed deposits of less than 3 crore:
| Tenure | General Customers (%) | Senior Citizen (%) |
|---|---|---|
| 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 | 6.15 | 6.65 |
| 270 Days to less than 1 Year | 6.25 | 6.75 |
| 1 Year Only | 6.85 | 7.35 |
| 444 Days | 7.25 | 7.75 |
| Above 1 Year to less than 2 Years | 6.85 | 7.35 |
| 2 Years & above to less than 3 Years | 6.85 | 7.35 |
| 3 Years & above to less than 5 Years | 6.80 | 7.30 |
| 5 Years & above to 10 Years | 6.70 | 7.20 |
Data last updated on 01/09/2024. Check latest interest rates here.
Canara Bank FD Calculator
Canara Bank FD FAQs
What is the minimum and maximum amount required for a Fixed Deposit at Canara Bank?
The minimum deposit amount is ₹1,000, with no maximum limit.
What are the tenure options for Canara Bank Fixed Deposits?
The tenure ranges from a minimum of 15 days (or 7-14 days for deposits of ₹5 lakh and above) to a maximum of 120 months.
What are the interest payout options available for Fixed Deposits?
Interest can be paid monthly (at discounted rates), quarterly, half-yearly, or annually, as per the depositor’s choice.
Can I take a loan against my Fixed Deposit?
Yes, Canara Bank offers loans up to 90% of the deposit amount.
Is there a facility for partial withdrawal of Fixed Deposits?
Yes, partial withdrawal is allowed in units of ₹1,000 while keeping the remaining deposit to continue earning the contracted interest rate.
Is TDS applicable on the interest earned from Fixed Deposits?
Yes, TDS is applicable as per the prevailing Income Tax rules.