Canara Bank FD Interest Rates

Canara bank provides decent interest rates to its investors for fixed deposits. For a year the maximum interest rate is 8.25 percent but for over a year, it’s 9 and slightly over 9 in a few cases. If carefully observed, the interest rates are less for over 5 years.

The rates are even less in some cases as they approach the maximum tenure of 10 years, this is because of the estimation of repo rates which might fall in a few years.

Dena bank Fixed deposit interest rates

So, the bank keeps the scope of these declining rates and puts the interest rates slightly low as a fallback security in long term cases ranging from 5 to 10 years. Interest Rates for Canara bank saving account is 4% same like other Indian Banks.

canara bank fd interest rates

Full Table Canara Bank Fixed deposit interest rates

TIME PERIOD INTEREST RATES
For Deposits Below 1 Crore For Deposits Above 1 Crore
7 – 14 Days 4.00 4.00
15 – 30 Days 4.50 4.50
31 – 45 Days 6.25 7.00
46 – 60 Days 7.00 7.75
61 – 90 Days 7.00 7.75
91 Days – 180 Days 7.25 8.25
181 Days – 270 days 7.75 8.50
271 Days – 1 year 8.25 8.50
1 Year – 2 Years 9.00 8.50
2 Years – 3 Years 9.00 8.00
3 Years – 5 Years 8.75 8.00
5 Years – 10 Years 8.75 8.00

From Tables, you can understand Canara Bank provides high interest rates for the duration above 6 months. For more details regarding canara bank fixed deposit interest rates visit @ http://www.canarabank.com/english/Scripts/DepositAccounts.aspx