Canara Bank Interest Rates on FD, Feb 2017

Fixed Deposit Interest Rate of Canara Bank

Last Updated 20th Feb 2017
Tenure General Rates Senior Citizen Rates
7 days to 14 days 4.20% 4.70%
15 days to 30 days 4.20% 4.70%
31 days to 45 days 4.50% 5.00%
46 days to 60 days 4.75% 5.25%
61 days to 90 days 4.75% 5.25%
91 days to 120 days 5.50% 6.00%
121 days to 179 days 5.75% 6.25%
180 days to 364 days 6.50% 7.00%
1 year 6.90% 7.40%
1 year 1 day to 1 year 364 days 6.90% 7.40%
2 years to 2 years 364 days 6.90% 7.40%
3 years to 4 years 364 days 6.90% 7.40%
5 years to 7 years 364 days 6.90% 7.40%
8 years to 10 years 6.90% 7.40%
Read Latest News on Canara Bank Here
  • Canara Bank offers FD interest rates upto 6.90% per annum.
  • Interest on deposits with Canara Bank is typically compounded quarterly.
  • Canara Bank accepts deposits starting at Rs. 1000 for various tenures.
  • For senior citizens (age more than 60 years), Canara Bank offers higher interest rate over and above rates mentioned below.
Calculate Canara Bank
FD Maturity Amount

Canara Bank Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, Canara Bank pays 1% lower ROI than that applicable for actual duration of deposit.

Loan against Canara Bank FD

  • Canara Bank offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Canara Bank Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with Canara Bank, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of Canara Bank in your city - Find Canara Bank Branches here

About Canara Bank

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News - Feb 2017
08th Dec 16 Canara Bank cuts MCLR by 15 basis points
Canara Bank has reduced its overnight and three months marginal cost of lending rate to 8.90 and 9.05 percent from 9.05 and 9.20 percent earlier. The bank has also reduced its six months and one year lending rates by 15 basis points to 9.10 and 9.15 percent from 9.25 and 9.30 percent respectively. Revised rates are effective from 7th December, 2016.
26th Jul 16 Canara Bank Q1 profit tanks 52% to Rs 229 cr
As per the results of Q1FY17, Canara Bank reported a decline of 52.2 percent in its Net Profit to Rs 229 Crore. Net Interest Income of the bank declined by 8.3 percent to Rs 2,307.4 Crore in the quarter ended June 2016 from Rs 2,516.5 Crore in year-ago period due to weak loan growth. Advances declined by 0.9 percent to Rs 3.21 lakh Crore while deposits declined by 1.4 percent to Rs 4.65 lakh Crore when compared on yoy basis . Other income (non-interest income) increased by 42.4 percent to Rs 1,584.65 crore while operating profit fell 9.2 percent to Rs 1,819 Crore when compared on yearly basis. Provisions for bad loans increased sharply by 76.4 percent sequentially to Rs 1,492.92 crore but increased 9.8 percent on yearly basis. Asset quality showed sign of weaking as Gross NPA increased 31 basis points sequentially to 9.71 percent and Net NPA increased by 27 basis points to 6.69 percent in June quarter.
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