Canara Bank Fixed Deposit (FD) Interest Rates 2025

Canara Bank offers Fixed Deposit (FD) schemes that are designed to provide secure and predictable returns. You can invest your money for a fixed period and earn a steady interest rate based on the chosen tenure.

This article will guide you through the latest FD interest rates for 2025, types of FD schemes, special features, NRE deposit rates, loan against FD, and how to invest in Canara Bank FDs.

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:

*Interest rates are as of 10th April, 2025.

Highlights for 2025 Fixed Deposit Scheme of Canara Bank

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.

*Rates are applicable as of 10th April 2025.

Different Types of Canara Bank FD Schemes

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

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

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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