Canara Bank Fixed Deposit Interest Rates 2025 - Latest Canara FD Rates

A Canara Bank fixed deposit allows you to invest a lump sum for a fixed tenure and earn assured returns at a pre-decided interest rate, which varies based on factors like tenure, deposit amount, and customer category.

The Canara fixed deposit interest rates you get depend on a few key factors:

1. Tenure

   Longer tenures often get better rates, while very short tenures (7–45 days) sit at the lower end.

2. Customer category

   The bank offers higher Canara Bank senior citizen FD rates (usually ~0.50% more).

3. Special scheme slabs

   Offers like the 444 days deposit can exceed standard rates significantly.

4. Market movement

   RBI policy changes and liquidity conditions influence when banks revise FD rates.

A Canara Bank FD is designed for safety plus steady growth:

• Guaranteed returns at a fixed interest rate
• Flexible tenures from 7 days to 10 years
• Minimum amount usually starts at ₹1,000
• Senior citizen advantage on most slabs
• Premature withdrawal allowed (with penalty, scheme-based)
• Loan against FD up to ~90% of deposit value
• Nomination facility
• Auto-renewal option

Canara Bank offers multiple fixed deposit schemes to fit different goals.

1. Regular Fixed Deposit

The standard FD option with:

• wide tenure range
• cumulative and non-cumulative interest choices
• general rates up to 6.50% p.a.

2. Canara 444-Day Special FD

The most popular promotional bucket in 2025 due to market-leading returns:

• 7.25% general
• 7.75% senior citizens

3. Tax-Saving FD

A 5-year lock-in FD that qualifies under Section 80C (subject to scheme availability). Useful if you want safe returns with a tax deduction.

4. NRE / NRO Fixed Deposits

NRIs can open Canara term deposits under NRE/NRO categories, with rates aligned to domestic slabs and RBI norms.

When choosing between FD types, align with your cash-flow needs:

Cumulative FD (Best for Growth)

• interest compounds
• maturity includes principal + interest
• ideal if you don’t need interim pay-outs

Non-Cumulative FD (Best for Income)

• interest paid periodically (monthly/quarterly/half-yearly/yearly)
• good for retirees seeking steady income

All bank FDs in India, including Canara Bank, are covered by Deposit Insurance and Credit Guarantee Corporation (DICGC).

• Insurance covers up to ₹5 lakh per depositor per bank (across savings + FD + current accounts combined).

This layer of protection makes a Canara FD a strong low-risk product for conservative investors.

You can open an FD if you are:

• resident individual
• senior citizen
• joint account holders
• HUF, trusts, firms, companies (as per bank rules)

Opening a Canara bank FD is straightforward. Usually required:

For resident Indians

• PAN card (mandatory for most deposits)
• Aadhaar / Passport / Voter ID / Driving License (KYC)
• Address proof if required
• Photo (branch route)

For NRIs

• Passport + visa
• Overseas address proof
• NRE/NRO eligibility documents

FD interest is taxable as Income from Other Sources.

TDS thresholds (standard rules)

• Regular citizens: TDS if annual interest exceeds ₹40,000
• Senior citizens: threshold ₹50,000

If your income is below taxable limit

Submit:

• Form 15G (regular citizens)
• Form 15H (senior citizens)

Instead of breaking your FD during emergencies, Canara Bank allows loans against deposits:

• Loan value: typically up to 90% of FD principal
• Interest: usually FD rate + small spread
• Tenure: matches FD tenure
• Keeps your FD intact while meeting cash needs

1. Net banking

   Login → Deposits → Open FD → choose amount tenure → confirm.

2. Canara mobile app

   Term Deposits → Open Fixed Deposit → enter details → submit.

3. Branch visit

   Fill deposit form → submit KYC → deposit amount → collect receipt.

Before you invest, ask yourself:

• Match tenure to goal
  Short term for liquidity, long term for slightly better rates.
• Compare special vs standard slabs
  The 444 days scheme may beat many long-tenure slabs.
• Senior citizens should look for uplifted slabs
  They maximize the extra 0.5% advantage.
• Stay within insured limits for ultra-safe allocation
  Consider splitting deposits if the total exceeds ₹5 lakh per bank.