Canara Bank Fixed Deposit (FD) Interest Rates 2025
Canara Bank offers Fixed Deposit (FD) schemes offering security and stable returns, allowing people to invest money for a pre-defined period, after which the bank will pay a fixed interest rate. The interest rates range from 4.00% to 7.25% p.a., with a minimum deposit of Rs.1,00,000 and the tenure ranging from 5 months to 10 years. Keep reading this blog to know more about Canara Bank Fixed Deposit and its interest rates.
Highlights for 2025 Fixed Deposit Scheme of Canara Bank
Tenure | 5 months to 10 years. |
Senior Citizen Interest Rates | 4.50-7.70% p.a. |
Public Interest Rates | 4.00% to 7.25%. |
Highest Interest Rates for Public | 7.25% p.a. |
Highest Interest Rates for Senior Citizens | 7.70% p.a. |
Premature Withdrawal | There is no penalty for deposits up to Rs 5 lakhs. For deposits above Rs 5 lakhs, the penalty is 1% of the applicable IOB FD rate. |
Minimum Deposit Amount | Rs 1,00,000 |
Fixed Deposit Interest Rates 2025 of Canara Bank
The interest rates provided in the table below are applicable to deposits below Rs.3 crore and is effective from 10th April 2025:
| Deposit Tenure | Interest Rate for Regular Customers (% p.a.)* | Interest Rate for Senior Citizens (% p.a.)* |
| 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 a year | 6.25 | 6.75 |
| 1 year | 6.85 | 7.35 |
| 444 days | 7.25 | 7.75 |
| Above 1 year to less than 2 years | 6.85 | 7.35 |
| 2 years and above to less than 3 years | 7.15 | 7.65 |
| 3 years and above to less than 5 years | 7.20 | 7.70 |
| 5 years and above to 10 years | 6.70 | 7.20 |
*Interest rates are as of 10th April, 2025.
Different Types of Canara Bank FD Schemes
Scheme | Tenure | Minimum Deposit | Interest Payout | Key Features |
Fixed Deposit | 15 days – 120 months (7–14 days for ₹5L+) | ₹1,000 | Monthly, quarterly, half-yearly, or annually | Standard FD with flexible tenures and payout modes. |
Kamadhenu Deposit | 5 months – 120 months | ₹1,000 | On maturity (compounded quarterly) | Cumulative FD with interest paid at maturity. Loan facility up to 90%. |
Canara Green Term Deposit | 1111, 2222, or 3333 days | ₹1,000 (callable) ₹3 crore (non-callable) | On maturity | Invest in sustainability. No maximum limit. |
Canara Dhanvarsha Deposit Scheme | 1 year – 10 years | ₹500/month (up to ₹1 lakh/month) | On maturity | Monthly recurring deposit with flexible instalments and no penalty for delays. |
Nitya Nidhi Deposit (NND) Scheme | 63 months | ₹50/month | On maturity (interest @ 2.00%) | Doorstep collection. Great for daily micro-savings. |
Ashraya Deposit Scheme (Senior Citizens) | FD: 15 days – 120 months Kamadhenu: 5 months – 120 months | ₹1,000 | FD: Monthly/Quarterly Kamadhenu: On maturity | For senior citizens. Higher interest and flexible compounding options. |
Each of these schemes is designed to cater to diverse savings goals, offering flexibility, sustainability, and financial security. Customers can choose based on their financial needs, investment horizon, and social or environmental goals.
Term-wise Canara Bank FD Rates
Deposit Tenure | General Customers | Senior Citizens |
Short-Term Deposits | ||
7 days to 1 year | 4.00% - 6.25% | 4.00% - 6.75% |
Medium-Term Deposits | ||
1 - 5 years | 6.85% - 7.20% | 7.35% - 7.70% |
Long-Term Deposits | ||
5 - 10 years | 6.70% | 7.20% |
Special Features and Benefits of Canara Bank FD
- Minimum deposit tenure is seven days.
- Minimum deposit amount is Rs.1,000.
- Get attractive interest rates based on the prevailing bank policy.
- Senior citizens that are resident individuals will get an additional interest rate of 0.5%.
- Nomination facility is available.
- Loan facility is offered up to 90% of the deposit amount.
- Premature withdrawal is allowed subject to certain conditions.
Basic Eligibility Criteria for Canara Bank FD
- Individuals
- Two or more individuals to form a joint account (not more than 4)
- Guardian on behalf of a minor
- Hindu Undivided Families (HUFs)
- Partnership, Company, Association or any other Institution
How to invest in HSBC Bank FD?
Canara Bank Internet Banking
Step 1: Log in to your Net Banking account from the official Canara Bank NetBanking website.
Step 2: On the Term Deposit page, select the ‘New Account’ option and pick your preferred type of deposit.
Step 3: Fill in all the required details — amount, nominee info, and maturity instructions.
Step 4: Click ‘Open Deposit’ to review the details.
Step 5: Click ‘Confirm’ to authenticate the transaction. Once you've done this, a confirmation pop-up will appear, showing that your FD has been successfully created.
Canara Bank Mobile App
Step 1: Download and log in to the Canara ai1 App.
Step 2: Tap on ‘New Account’ and choose the FD type you want.
Step 3: Enter your deposit amount, nominee details, and maturity instructions.
Step 4: Hit ‘Open Deposit’ to review everything.
Step 5: Tap ‘Confirm’ and complete the authentication. A pop-up will confirm that your FD is now active.
Visiting the nearest branch
Step 1: Visit your nearest Canara Bank branch.
Step 2: Request and fill out the Fixed Deposit Application Form.
Step 3: Submit the form along with KYC documents and deposit the amount.
Step 4: Once the bank processes your request, you’ll receive an official FD receipt.
Tax Benefits on Canara Bank Fixed Deposit
Canara Tax Saver Scheme
This is a scheme offered under the fixed deposit and Kamadhenu deposit schemes. The account is suitable for salaried employees, businessmen, and professionals. Individuals and HUFs are eligible to open this account. The minimum deposit is Rs.100, and the maximum is Rs.1.5 lakh. The tenure is five years. You will get an income tax deduction of up to Rs.1.5 lakh under Section 80C of the Income Tax Act, 1961 upon depositing money in this account.
Canara Bank vs Other Banks' FD Rates
Bank Name | Regular Customers (% p.a.) | Senior Citizens (% p.a.) |
HDFC Bank | 3.00% – 7.35% | 3.50% – 7.85% |
Punjab National Bank | 4.55% – 7.30% | 5.05% – 7.80% |
Axis Bank | 3.00% – 7.20% | 3.50% – 7.70% |
City Union Bank | 5.00% – 7.50% | 5.00% – 8.00% |
Canara Bank | 4.00% – 7.25% | 4.00% – 7.75% |
Bank of Baroda | 4.25% – 7.25% | 4.75% – 7.75% |
ICICI Bank | 3.00% – 7.25% | 3.50% – 7.80% |
HSBC Bank | 2.85-7.50% p.a. | 3.35- 8.00% p.a. |
Citibank | 2.10% – 7.77% | 2.60% – 8.27% |
State Bank of India | 3.50% – 7.10% | 4.00% – 7.60% |
Indian Overseas Bank | 4.00% – 7.30% | 4.50% – 7.80% |
IDBI Bank | 3.00% – 7.00% | 3.50% – 7.50% |
Indian Bank | 2.80% – 7.25% | 3.30% – 7.75% |
IDFC First Bank | 3.00% – 7.75% | 3.50% – 8.25% |
Post Office FD | 6.90% – 7.50% | 6.90% – 7.50% |
Kotak Bank | 2.75% – 7.40% | 3.25% – 7.90% |
FD Interest Rate Calculator
FD Interest Rate Calculator
Visit our easy-to-use FD calculator page to predict the returns you may receive upon putting your money in a fixed deposit account.
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