Canara Bank FD Rates, Earn up to massive 7.20% effortlessly (09 June, 2025)

Canara Bank had introduced non-callable deposits (Premature withdrawal is NOT permitted) including individuals and HUF for Domestic term deposits of above Rs. 1 Cr and revised the interest rates for Canara Bank FD w.e.f. 09-06-2025. Also, to augment Retail Term Deposits, a Special Canara Bank FD scheme of 444 days with higher Rate of interest is introduced.

Additional interest of 0.50% for Senior Citizens is available for Deposits (over & above the general public rate), less than Rs. 3 Cr and with tenor of 180 Days and above.

Additional rate of interest 0.60% for Super Senior Citizen (80 years and above) is introduced (over & above the general public rate), under Canara-444 product only i.e. 7.20% for callable deposits

Canara Bank FD Rates – Domestic

For Callable Deposits Less than Rs.3 Crore

PERIOD OF DEPOSIT	RATE OF INTEREST (% P.A.)
	General Public	Sr. Citizen
180 – 269 Days	5.75	6.25
270 Days – 1 Year	6.00	6.50
1 Year Only	6.50	7.00
444 Days	6.60	7.10
1 – 2 Years	6.50	7.00
2 – 3 Years	6.50	7.00
3 – 5 Years	6.50	7.00
5 – 10 Years	6.50	7.00

Note: The above Canara Bank FD interest rates are effective 09-06-2025.

* Rate of Interest for Non-callable term deposits: Click here

* The above Rate of interest is applicable to RD (Recurring Reposit) also.

Canara Bank Tax Savings FD Rate

Maturity Period	Interest Rate (p.a.)
5 years	6.70%

Maximum deposit acceptable is Rs 1.50 Lakh for Canara Tax Saver Deposit scheme (General Public).

Canara Retail Green Deposits Rates

CALLABLE DEPOSITS (Less than Rs.3 Crore)

Period of Deposit	Proposed ROI (%)
1111 days	6.50
2222 days	6.45
3333 days	6.45

Frequently Asked Questions (FAQs) 🤔

Q. What are non-callable term deposits?
Non-callable term deposits are deposits above 1 Cr where PREMATURE WITHDRAWAL IS NOT PERMITTED.

In case of existing Lien against Non-callable deposits, the deposit gets force renewed to corresponding Callable deposit product for the same term with ROI prevailing on the date of renewal.

Q. What is Canara Bank FD Scheme of 444 Days?
Special Retail Term Deposit Scheme of 444 days is introduced for Domestic/NRO/NRE Retail Term deposits of below Rs. 3 Crore without automatic renewal facility for both callable and non-callable deposits.

Q. Is premature withdrawal allowed in Canara Bank FD?
Yes, premature withdrawal is allowed in Canara Bank FD (Fixed Deposit) with a penalty of 1.00% will be levied for premature closure/part withdrawal/premature extension of Domestic / NRO term deposits of less than Rs.3 Crore. No penalty will be levied for premature closure/part withdrawal/premature extension of Domestic / NRO term deposits of Rs.2 Crore & above that are placed / renewed on or after 12.03.2019. No interest will be payable on Canara Bank FD prematurely closed/prematurely extended before completion of 7^th day.

Q. Is an auto-renewal facility available for Canara Bank FD?
Yes, an auto-renewal facility is available for Canara Bank callable FD. Auto Renewal facility is not available for Canara Samriddhi, Canara Unique Deposits, Canara Tax Saver Deposits, Capital Gains Accounts, Non-KYC complied term deposits, non-callable deposits, Canara Samriddhi deposits and Canara Khazana & Shikhar deposits (which are discontinued). The NRE term deposit is auto renewed only once, as the Non-resident status is to be confirmed periodically.

Q. Which Canara Bank FDs are discontinued?
Canara Amrit – 75 Retail Term Deposit Scheme for “75 Months” discontinued w.e.f. 26.01.2022 & Canara Unique of 1111 Days discontinued w.e.f. 31.03.2022. 666 Days and 400 Days discontinued w.e.f. 05.04.2023.

Q. Is interest payable on overdue deposit?
Overdue deposits (i.e., matured deposits) will be paid interest as applicable to Savings account or the contracted rate of interest on the matured TD, whichever is lower from the date of maturity till the date of payment/ re-investment.