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Canara Bank

Fixed Deposit Rates

You are requested to reconfirm the rates from the respective banks before making any financial commitments.

a) For domestic deposits - Less than Rs. 2 cr (last revised on Jul 13, 2020)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 45 days Less than Rs. 2 cr

3.00

3.00

Calculate
46 days to 90 days Less than Rs. 2 cr

4.00

4.00

Calculate
91 days to 179 days Less than Rs. 2 cr

4.05

4.05

Calculate
180 days to less than 1 year Less than Rs. 2 cr

4.50

5.00

Calculate
1 year Less than Rs. 2 cr

5.50

6.00

Calculate
1 year and above to less than 2 years Less than Rs. 2 cr

5.35

5.85

Calculate
2 years and above to less than 3 years Less than Rs. 2 cr

5.35

5.85

Calculate
3 years and above to less than 5 years Less than Rs. 2 cr

5.30

5.80

Calculate
5 years and above to 10 years Less than Rs. 2 cr

5.30

5.80

Calculate

Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
Canara Tax Saver Scheme - 5 years Upto Rs. 1 lakh

6.20

6.70

Calculate

Tax Implications:

  • The amount invested in fixed deposits with a maturity period of 5 years in a Scheduled bank is eligible for tax deduction under section 80C. However, the interest earned on the deposit is taxable.
  • Tax will be deducted at the source, if the interest income on a fixed deposit per annum exceeds Rs.10000

a) For NRO Fixed Deposit - Less than Rs. 2 cr (last revised on Jul 13, 2020)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 45 days Less than Rs. 2 cr 3.00 Calculate
46 days to 90 days Less than Rs. 2 cr 4.00 Calculate
91 days to 179 days Less than Rs. 2 cr 4.05 Calculate
180 days to less than 1 year Less than Rs. 2 cr 4.50 Calculate
1 year Less than Rs. 2 cr 5.50 Calculate
1 year and above to less than 2 years Less than Rs. 2 cr 5.35 Calculate
2 years and above to less than 3 years Less than Rs. 2 cr 5.35 Calculate
3 years and above to less than 5 years Less than Rs. 2 cr 5.30 Calculate
5 years and above to 10 years Less than Rs. 2 cr 5.30 Calculate

a) For NRE Fixed Deposit - Less than Rs. 2 cr (last revised on Jul 13, 2020)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year Less than Rs. 2 cr 5.50 Calculate
1 year and above to less than 2 years Less than Rs. 2 cr 5.35 Calculate
2 years and above to less than 3 years Less than Rs. 2 cr 5.35 Calculate
3 years and above to less than 5 years Less than Rs. 2 cr 5.30 Calculate
5 years and above to 10 years Less than Rs. 2 cr 5.30 Calculate
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