Canara Bank Rate of Interest | Explore Our Competitive Rates

DEPOSIT ACCOUNTS - RATES AT A QUICK GLANCE – as per RBI format

DOMESTIC/NRO/NRE SAVINGS BANK DEPOSITS - W.E.F. 01.07.2025

S.No.	Slabs	ROI(%)
1	For outstanding Balance of less than Rs. 50 Lakh	2.55%
2	For outstanding Balance of Rs. 50 Lakh to less than Rs 5 Cr	2.55%
3	For outstanding Balance of Rs. 5 Cr to less than Rs 10 Cr	2.55%
4	For outstanding Balance of Rs. 10 Cr to less than Rs 100 Cr	2.55%
5	For outstanding Balance of Rs. 100 Cr to less than Rs 200 Cr	2.65%
6	For outstanding Balance of Rs. 200 Cr to less than Rs 300 Cr	2.65%
7	For outstanding Balance of Rs. 300 Cr to less than Rs 500 Cr	3.10%
8	For outstanding Balance of Rs. 500 Cr to less than Rs 1000 Cr	3.40%
9	For outstanding Balance of Rs. 1000 Cr & less than Rs. 2000 Cr	3.55%
10	For outstanding Balance of Rs. 2000 Cr & above	4.00%

				2. TERM DEPOSITS Rate of Interest (%) p.a. For Deposits less than Rs.3 Crore w.e.f. 09.06.2025
	A. Domestic
	Less than Rs.3 Crore
	Callable				Non Callable ( Above Rs.1 Crore ) $
Term Deposits (All Maturities)	General Public		Senior Citizen		General Public		Senior Citizen
Term Deposits (All Maturities)	Rate of Interest (% p.a.)	Annualised Interest yield (% p.a.) **	Rate of Interest (% p.a.) #	Annualised Interest yield (% p.a.) **	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	3.50	3.55%	3.50	3.55	NA	NA	NA	NA
46 Days to 90 Days	4.50	4.58%	4.50	4.58%	4.60	4.68%	4.60	4.68
91 Days to 179 Days	4.75	4.84%	4.75	4.84%	4.85	4.94%	4.85	4.94%
180 Days to 269 Days	5.75	5.88%	6.25	6.40%	5.85	5.98%	6.35	6.50%
270 Days to less than 1 Year	6.00	6.14%	6.50	6.66%	6.10	6.24%	6.60	6.77%
1 Year & above to 1 year 3 months Only	6.50	6.66%	7.00	7.19%	6.60	6.77%	7.10	7.29%
444 Days	6.60	6.77	7.10	7.29	6.70	6.87	7.20	7.40
Above 1 Year 3 months to less than 2 Years	6.50	6.66%	7.00	7.19%	6.60	6.77%	7.10	7.29%
2 Years & above to less than 3 Years	6.50	6.66	7.00	7.19	6.60	6.77	7.10	7.29
3 Years & above to less than 5 Years	6.50	6.66	7.00	7.19	NA	NA	NA	NA
5 Years & above to 10 Years	6.50	6.66%	7.00	7.19%	NA	NA	NA	NA
$-Non-callable term deposits are deposits where PREMATURE WITHDRAWAL IS NOT PERMITTED. * Rates are applicable only for single deposit of Rs.5 Lakh & above. Below Rs.5 Lakh, Minimum tenor of deposit is 15 Days. # Additional interest of 0.50% for Senior Citizens is available for Deposits (Other than NRO/NRE and CGA Deposits) less than Rs. 3 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. Bank Offers 6.50 % p.a. for Canara Tax Saver Deposit scheme (General Public). Maximum deposit acceptable is Rs 1.50 Lakh. Additional rate of interest 0.60% for Super Senior Citizen(80 years and above) is introduced under Canara-444 product only i.e. 7.20% for callable deposits and 7.30% for non callable deposits. The above Rate of interest is applicable to Recurring deposits also. AUTO RENEWAL FACILITY: The deposit will be renewed automatically from the date of maturity for a similar period at the interest rate prevailing on the date of maturity for the original period of deposit. (except for Canara Tax Saver Deposits, Capital Gains Accounts, Court Deposits, Non-KYC Complied Term Deposits, Canara Samriddhi deposits (discontinued w.e.f. 01.10.2015),CanaraKhazana, CanaraShikhar Deposits (discontinued w.e.f. 26.03.2020),Canara Unique Deposits(discontinued w.e.f. 31.03.2022), CanaraAmrit (discontinued w.e.f. 26.01.2022), Non-callable deposits etc.) PENALTY: A penalty of 1.00% shall be levied for premature closure/part withdrawal/ premature extension of Domestic/NRO term deposits of less than Rs.3 Crore that are accepted /renewed on or after 12.03.2019. “For premature closure/part withdrawal/premature extension of Domestic/NRO term deposits, the Bank imposes a penalty of 1.00%. Such prematurely closed/part withdrawn/prematurely extended deposits will earn interest at 1.00% below the rate as applicable for the relevant amount slab as ruling on the date of deposit and as applicable for the period run OR 1.00% below the rate at which the deposit has been accepted, whichever is lower.” However, no interest will be payable on term deposits prematurely closed/prematurely extended before completion of 7th day. Penalty is waived for premature extension of Domestic / NRO term deposits of less than Rs.3 Crore during the tenure, where extension is for a period longer than the period originally agreed to. OVERDUE DEPOSITS:** If a Domestic Term Deposit matures and proceeds are unpaid, the amount left unclaimed with the Bank shall attract rate of interest as applicable to saving account or the contracted rate of interest on the matured Term Deposit, whichever is lower. *- Special Retail Term Deposit Scheme of 444 days is introduced w.e.f 05.04.2023 for Domestic/NRO/NRE Retail Term deposits of below Rs.3 Crore for both Callable and Non-callable deposits. @- Bank is not accepting term deposits under Non-Callable segment for maturities of below 46 Days for Domestic/NRO, maturities of below 1 year for NRE and 3 years and above for deposit Above Rs.1 Crore to less than Rs.3 Crore.

The revised Rates of Interest for Bulk Deposits (Callable) w.e.f 03.07.2025 are as under:

SLABS	PERIOD OF DEPOSIT	RATE OF INTEREST ( % P.A.)
		Callable Deposits w.e.f 03.07.2025
		3 Crore -	10 Crore & Above - upto 25 Crore	Above 25 Crore -	Above 50 Crore - upto 100 Crore	Above 100 Crore - upto 150 Crore	Above 150 Crore - upto 250 Crore	Above 250 Crore - upto 500 Crore	Above 500 Crore - upto 1000 Crore	Above 1000 Crore
		less than 10 Crore #	10 Crore & Above - upto 25 Crore	upto 50 Crore	Above 50 Crore - upto 100 Crore	Above 100 Crore - upto 150 Crore	Above 150 Crore - upto 250 Crore	Above 250 Crore - upto 500 Crore	Above 500 Crore - upto 1000 Crore	Above 1000 Crore
1	7 Days to 30 Days	4.75	4.75	4.75	4.75	4.75	4.75	4.75	4.75	4.75
2	31 Days to 45 Days	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
3	46 Days to 90 Days	5.25	5.25	5.25	5.25	5.25	5.25	5.25	5.25	5.25
4	91 Days to 120 Days	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00
5	121 Days to 179 Days	6.15	6.15	6.15	6.15	6.15	6.15	6.15	6.15	6.15
6	180 Days to 269 Days	6.35	6.35	6.35	6.35	6.35	6.35	6.35	6.35	6.35
7	270 Days to less than 1 Year	6.55	6.55	6.55	6.55	6.55	6.55	6.55	6.55	6.55
8	1 Year Only	6.75	6.75	6.75	6.75	6.75	6.75	6.75	6.75	6.75
9	Above 1 Year to 1 Year 3 Months	6.75	6.75	6.75	6.75	6.75	6.75	6.75	6.75	6.75
10	Above 1 Year 3 Months to less than 2 Years	6.75	6.75	6.75	6.75	6.75	6.75	6.75	6.75	6.75
11	2 Years &above to less than 3 Years	5.50	5.50	5.50	5.50	5.50	5.50	5.50	5.50	5.50
12	3 Years &above to less than 5 Years	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
13	5 Years &above to 10 Years	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00

The revised Rates of Interest for Bulk Deposits (Non-Callable) w.e.f 03.07.2025 are as under:

SLABS	PERIOD OF DEPOSIT	RATE OF INTEREST ( % P.A.)
		Non -Callable Deposits w.e.f 03.07.2025
		3 Crore -	10 Crore & Above - upto 25 Crore	Above 25 Crore -	Above 50 Crore - upto 100 Crore	Above 100 Crore - upto 150 Crore	Above 150 Crore - upto 250 Crore	Above 250 Crore - upto 500 Crore	Above 500 Crore - upto 1000 Crore	Above 1000 Crore
		less than 10 Crore #	10 Crore & Above - upto 25 Crore	upto 50 Crore	Above 50 Crore - upto 100 Crore	Above 100 Crore - upto 150 Crore	Above 150 Crore - upto 250 Crore	Above 250 Crore - upto 500 Crore	Above 500 Crore - upto 1000 Crore	Above 1000 Crore
1	7 Days to 30 Days	NA	NA	NA	NA	NA	NA	NA	NA	NA
2	31 Days to 45 Days	NA	NA	NA	NA	NA	NA	NA	NA	NA
3	46 Days to 90 Days	5.28	5.28	5.28	5.28	5.28	5.28	5.28	5.28	5.28
4	91 Days to 120 Days	6.03	6.03	6.03	6.03	6.03	6.03	6.03	6.03	6.03
5	121 Days to 179 Days	6.18	6.18	6.18	6.18	6.18	6.18	6.18	6.18	6.18
6	180 Days to 269 Days	6.38	6.38	6.38	6.38	6.38	6.38	6.38	6.38	6.38
7	270 Days to less than 1 Year	6.58	6.58	6.58	6.58	6.58	6.58	6.58	6.58	6.58
8	1 Year Only	6.78	6.78	6.78	6.78	6.78	6.78	6.78	6.78	6.78
9	Above 1 Year to 1 Year 3 Months	6.78	6.78	6.78	6.78	6.78	6.78	6.78	6.78	6.78
10	Above 1 Year 3 Months to less than 2 Years	6.78	6.78	6.78	6.78	6.78	6.78	6.78	6.78	6.78
11	2 Years &above to less than 3 Years	5.53	5.53	5.53	5.53	5.53	5.53	5.53	5.53	5.53
12	3 Years &above to less than 5 Years	5.03	5.03	5.03	5.03	5.03	5.03	5.03	5.03	5.03
13	5 Years &above to 10 Years	5.03	5.03	5.03	5.03	5.03	5.03	5.03	5.03	5.03

Bulk Green Deposits

SLABS		RATE OF INTEREST ( % P.A.)
		Callable Deposits (w.e.f 03.07.2025)	Non-Callable Deposits(w.e.f 03.07.2025)
		Rs. 3 Crore and above	Rs. 3 Crore and above
	PERIOD OF DEPOSIT	General Public	General Public
1	1111 Days	4.95	5.00
2	2222 Days	4.95	5.00
3	3333 Days	4.95	5.00

* For interest rates of single domestic bulk term deposit of Rs.10 Crore and above, Kindly Contact the nearest Branch.

** 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.

++ Non-callable term deposits are Bulk deposits where PREMATURE WITHDRAWAL IS NOT PERMITTED. Auto Renewal facility is not available for Non-callable deposits.

@Bank is not accepting Term Deposits under Non-callable segment for maturities of below 46 Days and 3 Years and above.

Penalty Clause for Bulk Deposits (Rs. 3 Crore & Above)

A penalty of 1.00% is waived in case of premature closure/part withdrawal/ premature extension of Domestic/NRO CALLABLE term deposit of Rs. 3 Crore & above that are accepted/renewed on or after 12.03.2019.

Such prematurely closed/part withdrawn/prematurely extended deposits will earn interest at the rate as applicable for the amount slab of Rs.3 Crore & above as ruling on the date of deposit and as applicable for the period run OR the rate at which the deposit has been accepted, whichever is lower.

However, a penalty of 1.00% shall be levied for premature closure/part withdrawal/ premature extension of Domestic/NRO term deposits of Rs.1 Crore & above that are accepted /renewed from 04.02.2011 to 12.10.2012.

Further, no interest will be payable on term deposits prematurely closed/prematurely extended before completion of 7th day.

REVISED ROI FOR NON-RESIDENT ACCOUNTS W.E.F 03.07.2025
	a. NRO – all maturities	Same as applicable to Domestic Term Deposits
	b. NRE –Term deposits	Rate of interest (%) per annum
		CALLABLE				NON-CALLABLE
	Period of Deposit	Less than Rs.3 Crore		Rs. 3 Crore & above to less than Rs. 10 Crore (w.e.f. 03.07.2025)		Above Rs.1.00 Crore to Less than RS.3.00 Crore		Rs. 3 Crore & above to less than Rs. 10 Crore (w.e.f. 03.07.2025)
		(w.e.f. 09.06.2025)				(w.e.f. 09.06.2025)
		Rate of Interest	Annualised	Rate of Interest	Annualised	Rate of Interest	Annualised	Rate of Interest	Annualised
		(% per annum)	Interest Yield (% per annum) *	(% per annum)	Interest Yield (% per annum) *	(% per annum)	Interest Yield (% per annum) *	(% per annum)	Interest Yield (% per annum) *
1.	1 Year Only	NA	NA	6.75	6.92	NA	NA	6.78	6.95
2.	1 Year & above to 1 year 3 months Only	6.50	6.66%	NA	NA	6.60	6.77%	NA	NA
3.*	444 Days	6.60	6.77%	NA	NA	6.70	6.87%	NA	NA
4.	Above 1 Year 3 months to less than 2 Years.	6.50	6.66%	6.75	6.92	6.60	6.77%	6.78	6.95
5.	Above 1 year to less than 2 years	NA	NA	6.00	6.14	NA	NA	6.03	6.17
6.	2 years & above to less than 3 years.	6.50	6.66%	5.50	5.61%	6.60	6.77%	5.53	5.65%
7.	3 years & above to less than 5 years.	6.50	6.66%	5.00	5.09%	NA @	NA @	5.03	5.13%
8.	5 years & above to 10 years.	6.50	6.66%	5.00	5.09%	NA @	NA @	5.03	5.13%

Penalty is waived for premature extension of Domestic/NRO/NRE term deposits of less than Rs. 3 Crore during the tenure, where extension is for a longer than the period originally agreed to. However, No interest will be payable on NRE term deposits prematurely closed/prematurely extended before completion of 1 year.

#Bank has introduced a special DOMESTIC/NRE/NRO Retail Term deposit scheme for 444 Days with higher rate of interest with effect from 05.04.2023.

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

No interest will be payable for the period run on NRE term deposits prematurely closed/ prematurely extended before completion of one year from the effective date of the deposit

NRE Term deposits are auto renewed only once as the Non-resident status is to be confirmed. Overdue NRE deposits will be paid interest as applicable to Savings account from the date of maturity till the date of payment/ re-investment.

PENALTY:
A penalty of 1.00% will be levied for premature closure of NRE term deposits of less than Rs.3 Crore that are placed/renewed on or after 12.03.2019.

No penalty will be levied for premature closure/premature extension of NRE term deposits of Rs.3 Crore & above that are placed/renewed on or after 12.03.2019.
However, a penalty of 1.00% shall be levied for premature closure of NRE term deposits of Rs.1 Crore & above that are placed /renewed from 29.12.2011 to 12.10.2012.

Interest rates on FCNR (B) Deposits w.e.f. 16.05.2025 (Interest rate % per annum)

	CURRENCY OF DEPOSIT
PERIOD OF DEPOSIT	USD <100000	USD>=100000	GBP	EURO	CAD	AUD
1 year to less than 2 years	5.35	5.45	4.60	3.00	3.50	4.00
2 years to less than 3 years	4.00	4.00	3.00	2.00	3.25	3.50
3 years to less than 4 years	3.70	3.70	2.50	1.50	3.00	3.00
4 years to less than 5 years	3.50	3.50	2.50	1.50	3.00	3.00
5 years	3.50	3.50	2.50	1.50	3.00	3.00

APPENDIX

FCNR (B) Rate of Interest with Annualised Interest Yield Details (in % p.a.)

CURRENCY OF DEPOSIT	USD < 100000		USD >= 100000		GBP		EUR		CAD		AUD
PERIOD OF DEPOSIT	USD < 100000		USD >= 100000		GBP		EUR		CAD		AUD
PERIOD OF DEPOSIT	RATE	YIELD*	RATE	YIELD*	RATE	YIELD*	RATE	YIELD*	RATE	YIELD*	RATE	YIELD*
12 months	5.35	5.50	5.45	5.60	4.60	4.72	3.00	3.03	3.50	3.58	4.00	4.10
24 months	4.00	4.18	4.00	4.18	3.00	3.11	2.00	2.06	3.25	3.32	3.50	3.64
36 months	3.70	3.93	3.70	3.93	2.50	2.62	1.50	1.55	3.00	3.16	3.00	3.16
48 months	3.50	3.78	3.50	3.78	2.50	2.65	1.50	1.56	3.00	3.21	3.00	3.21
60 months	3.50	3.85	3.50	3.85	2.50	2.69	1.50	1.57	3.00	3.26	3.00	3.26

* Annualized yield at the end of the period.

Note: - • The above interest rates are applicable only for FCNR (B) deposits of amount less than USD 1 Million (or its equivalent in other currencies). For FCNR(B) deposit of USD 1 Million & above (or its equivalent in other currencies) please con-tact our branch.

• Compounding of interest in FCNR (B) Term Deposit at half yearly interval (for applicable products).

• Annualized yield calculated on the maximum period under the respective period bucket.

Interest rates on RFC Deposits w.e.f. 16.05.2025 (Interest rate % per annum)

PERIOD OF DEPOSIT	CURRENCY OF DEPOSITS
	USD<100000	USD>=100000	GBP	EUR	CAD	AUD
SAVINGS BANK	0.10	0.10	0.10	NIL	NIL	NIL
1 month & above but less than 3 months	0.10	0.10	NA	NA	0.10	0.10
3 months & above but less than 6 months	0.10	0.10	NA	NA	0.10	0.10
6 months & above but less than 1 year	0.10	0.10	NA	NA	0.10	0.10
1 year & above but less than 2 years	5.35	5.45	4.60	3.00	3.50	4.00
2 years & above but less than 3 years	4.00	4.00	3.00	2.00	3.25	3.50
3 years only	3.70	3.70	2.50	1.50	3.00	3.00

Note: - • The above interest rates are applicable only for RFC deposits of amount less than USD 1 Million (or its equivalent in other currencies). For RFC deposit of USD 1 Million & above (or its equivalent in other currencies) please contact our branch.

• Compounding of interest in RFC Term Deposit at half yearly interval (for applicable products).