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Canara Bank Fixed Deposit (FD) Interest Rates 2026
Canara Bank offers Fixed Deposit (FD) schemes designed to provide secure, predictable returns. You can invest your money for a fixed period and earn a steady interest rate based on the chosen tenure.
Key Highlights
- Rates: Earn 4.00%–7.25% p.a. (Regular) and 4.00%–7.75% p.a. (Senior Citizens).
- Tenure: Choose FD tenures from 7 days to 10 years.
- Deposit: Open an FD with a minimum deposit of ₹1,000.
- Loan: Avail a loan of up to 90% of the FD amount.
Fixed Deposit Interest Rates 2026 of Canara Bank
The interest rates provided in the table below are applicable to deposits and is effective from 10th April 2026:
| 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, 2026.
Canara Bank NRE FD Interest Rates
Canara Bank offers NRE fixed deposits to NRIs with attractive interest rates. In India, the interest earned is not taxed. You can also take both the principal amount and the interest out of the country without any restrictions.
| NRE FD Tenure | Interest Rate (% p.a.) |
| 1 year to less than 2 years | 6.85 |
| 2 years to less than 3 years | 7.15 |
| 3 years to less than 5 years | 7.20 |
| 5 years to 10 years | 6.70 |
*Rates are applicable as of 10th April 2026.
Different Types of Canara Bank FD Schemes
The following table shows the different type of Canara Bank FD Schemes:
| Scheme | Tenure | Minimum Deposit | Interest Payout | Key Features |
| Fixed Deposit | 15 days–120 months (7–14 days for deposits above ₹5 lakh) | ₹1,000 | Monthly, quarterly, half-yearly, or annually | Flexible tenure and payout options. |
| Kamadhenu Deposit | 5 months–120 months | ₹1,000 | On maturity (compounded quarterly) | Cumulative FD with loan facility up to 90%. |
| Canara Green Term Deposit | 1111, 2222, or 3333 days | ₹1,000 (callable), ₹3 crore (non-callable) | On maturity | Green investment scheme with no maximum limit. |
| Canara Dhanvarsha Deposit Scheme | 1–10 years | ₹500/month (up to ₹1 lakh/month) | On maturity | Flexible recurring deposit with no penalty for delayed instalments. |
| Nitya Nidhi Deposit (NND) | 63 months | ₹50/month | On maturity | Doorstep collection for small daily savings. |
| Ashraya Deposit Scheme | FD: 15 days–120 monthsKamadhenu: 5–120 months | ₹1,000 | FD: Monthly/QuarterlyKamadhenu: On maturity | Exclusive for senior citizens with higher interest rates. |
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
The table shows the Term-wise Canara Bank FD Rates:
| Deposit Tenure | Period | General Customers (% p.a.) | Senior Citizens (% p.a.) |
| Short-Term Deposits | 7 days to 1 year | 4.00% – 6.25% | 4.00% – 6.75% |
| Medium-Term Deposits | 1 year to 5 years | 6.85% – 7.20% | 7.35% – 7.70% |
| Long-Term Deposits | 5 years to 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 Loan Against FD
If you need funds but do not want to break your FD, Canara Bank lets you take a loan against it.
- Loan amount: Up to 90 percent of the FD value
- Interest rate: 1.50 to 2.00 percent above the FD rate
- Available for both resident and NRE deposits
- No additional documentation if your FD is already active
This facility can be useful during financial emergencies without affecting your deposit returns.
Canara Bank vs Other Banks' FD Rates
The tables shows a comparision between Canara Bank and other banks:
| 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% | 3.35% – 8.00% |
| 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 Mahindra Bank | 2.75% – 7.40% | 3.25% – 7.90% |
FD Interest Rate Calculator
If you want to know how much interest you’ll earn on your FD, try the Canara Bank FD interest rate calculator. Just enter the amount you plan to invest, your preferred tenure, and the applicable interest rate. The calculator will instantly show your maturity amount and interest earnings. It’s a useful tool for comparing tenures and planning your investments smartly.
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