Canara Bank revises FD interest rates - Check new fixed deposit rates here

New Delhi: Canara bank has revised interest rates on its fixed deposit effective from August 09, 2021 on term deposits across maturities ranging from 7 days to 10 years for deposits less than Rs 2 crore. 

The Bank offers 5.25 % p.a. for Canara Tax Saver Deposit scheme (General Public). Maximum deposit acceptable is Rs 1.50 Lakh. The rate of interest is applicable to Recurring deposits also.

Here are the new/revised interest rates on its Canara Bank Fixed Deposit.

Term Deposits (All Maturities)	General Public		Senior Citizen
	Rate of Interest (% p.a.)	Annualised Interest yield (% p.a.) **	Rate of Interest (% p.a.) #	Annualised Interest yield (% p.a.) **
7 days to 45 days*	2.90	2.93%	2.90	2.93%
46 days to 90 days	3.90	3.96%	3.90	3.96%
91 days to 179 days	3.95	4.01%	3.95	4.01%
180 days to less than 1 Year	4.40	4.47%	4.90	4.99%
1 year only	5.10	5.20%	5.60	5.72%
Above 1 year to less than 2 years	5.10	5.20%	5.60	5.72%
2 years & above to less than 3 years	5.10	5.20%	5.60	5.72%
3 years & above to less than 5 years	5.25	5.35%	5.75	5.88%
Canara Unique “1111 Days”	5.35	5.46%	5.85	5.98%
5 years & above to 10 Years	5.25	5.35%	5.75	5.88%

(Source:https://canarabank.com/)

The Bank mentions following conditions on the Astrix and special characters:

Canara Unique Retail Term Deposit Scheme of “1111 Days” with additional rate of interest of 0.10% over and above the rate for the tenor of the deposit.

* Rates are applicable only for single deposit of Rs.5 Lakh & above. Minimum period for renewal of domestic/NRO term deposits is 7 days irrespective of the size of deposit. Below Rs.5 Lakh, Minimum tenor of deposit is 15 Days.

# Additional interest of 0.50% for Senior Citizens is to be made available for Deposits (Other than NRO/NRE and CGA Deposits) less than Rs. 2 Cr and with tenor of 180 Days and above.

** Approximate Annualized Yield in % terms at the beginning of the slab. Effective Annualized rate of return on Bank’s Re-investment Deposit Plan (Kamadhenu Deposit) is based on quarterly compounding of interest.