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  • DEPOSITACCOUNTS-RATESATAQUICKGLANCE
Got any Questions?
Call us Today!

Toll Free Numbers
(if dialed within India)

1800 425 0018
1800 103 0018
1800 208 3333
1800 3011 3333


Non Toll Free Numbers
(if calling from outside India)

+91-80-22064232

Customers are requested to call on our
mentioned Toll Free Numbers only for any
complaints/issues. Bank shall not be
responsible for any consequences arising
out of customers calling any other
unverified numbers.

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

 

NATURE

MINIMUM AVERAGE MONTHLY BALANCE w.e.f. 01.04.2015.

SAVINGS BANK A/C

Rural

Semi Urban

Urban/Metro

a. Savings Bank Account (with cheque Book facility)

Rs.500/-

Rs.1000/-

Rs1000/-

b. Savings Bank Account (without cheque Book facility)

Rs.500/-

Rs.1000/-

Rs1000/-

c. Canara Basic Savings Bank Deposit Account

NIL

NIL

NIL

d. Canara Small Savings Bank Deposit Account

NIL

NIL

NIL

e. Canara NSIGSE (National Scheme of Incentive to Girls for Secondary Education) Savings Bank Deposit Account

NIL

NIL

NIL

 

DOMESTIC/NRO/NRE SAVINGS BANK DEPOSITS - W.E.F. 21.12.2022

S.No.

Slabs

ROI(%)

1

For outstanding Balance of less than Rs. 50 Lakh

2.90

2

For outstanding Balance of Rs. 50 Lakh to less than Rs 5 Cr

2.90

3

For outstanding Balance of Rs. 5 Cr to less than Rs 10 Cr

2.95

4

For outstanding Balance of Rs. 10 Cr to less than Rs 100 Cr

3.05

5

For outstanding Balance of Rs. 100 Cr to less than Rs 200 Cr

3.50

6

For outstanding Balance of Rs. 200 Cr to less than Rs 300 Cr

3.10

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.2 Crore
w.e.f. 18.01.2023

 

A. Domestic

 

 

 

Callable

Non Callable (above Rs. 15 Lakh)$

Term Deposits (All Maturities)

General Public

Senior Citizen

General Public

Senior Citizen

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

3.25

3.29%

3.25

3.29%

NA

NA

NA

NA

46 Days to 90 Days

4.50

4.58%

4.50

4.58%

4.55

4.63%

4.55

4.63%

91 Days to 179 Days

4.50

4.58%

4.50

4.58%

4.55

4.63%

4.55

4.63%

180 Days to 269 Days

5.50

5.61%

6.00

6.14%

5.55

5.67%

6.05

6.19%

270 Days to less than 1 Year

5.50

5.61%

6.00

6.14%

5.55

5.67%

6.05

6.19%

1 Year only

6.75

6.92%

7.25

7.45%

6.90

7.08%

7.40

7.61%

Above 1 Year to less than 2 Years

6.80

6.98%

7.30

7.50%

7.05

7.24%

7.55

7.77%

400 DAYS

7.15

7.34%

7.65

7.87%

7.25

7.45%

7.75

7.98%

666 Days

7.00

7.19%

7.50

7.71%

NA

NA

NA

NA

2 Years & above to less than 3 Years

6.80

6.98%

7.30

7.50%

7.05

7.24%

7.55

7.77%

3 Years & above to less than 5 Years

6.50

6.66%

7.00

7.19%

6.75

6.92%

7.25

7.45%

5 Years & above to 10 Years.

6.50

6.66%

7.00

7.19%

6.75

6.92%

7.25

7.45%

$-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. 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.

Bank Offers 6.50 % p.a. for Canara Tax Saver Deposit scheme (General Public). Maximum deposit acceptable is Rs 1.50 Lakh.

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.2 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.


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.

 

 

3.  DOMESTIC BULK TERM DEPOSITS

  Domestic

Rate of Interest (% p.a.)

 

For Deposits Rs. 2 Crore & above to less than Rs. 10 Crore *

w.e.f. 18.01.2023

Term Deposits (All Maturities)

Callable

Non-Callable ++

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%

- NA - @

46 days to 90 days

3.10

3.14%

3.15

3.19%

91 days to 179 days

3.35

3.39%

3.40

3.44%

180 days to 269 Days

3.35

3.39%

3.40

3.44%

270 days to less than 1 Year

5.75

5.88%

5.80

5.93%

1 year only

6.00

6.14%

6.15

6.29%

Above 1 year to less than 2 years

6.00

6.14%

6.25

6.40%

2 years & above to less than 3 years

6.00

6.14%

6.25

6.40%

3 years & above to less than 5 years

6.00

6.14%

6.25

6.40%

5 years & above to 10 Years

3.40

3.44%

3.65

3.70

 

* 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 Bulk term deposits under Non-callable segment for maturities of below 46 Days and 10 years and above.

 

Penalty Clause for Bulk Deposits (Above 2 Crore)

A penalty of 1.00% is waived in case of premature closure/part withdrawal/ premature extension of Domestic/NRO CALLABLE term deposit of Rs. 2 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.2 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.

 

NON RESIDENT ACCOUNTS

a. NRO – all maturities

Same as applicable to Domestic Term Deposits

b. NRE –Term deposits

Rate of interest (%) per annum

Period of Deposit

Less than Rs.2 Crore

(w.e.f. 19.12.2022)

Rs. 2 Crore & above to less than Rs. 10 Crore (w.e.f. 19.12.2022)

Rate of Interest

(% per annum)

Annualised

Interest Yield (% per annum) *

Rate of Interest

(% per annum)

Annualised

Interest Yield (% per annum) *

1 year only

6.75

6.92%

6.00

6.14%

Above 1 year to less than 2 yrs

6.80

6.98%

6.00

6.14%

666 Days

7.00

7.19%

NA

NA

2 yrs & above to less than 3 yrs

6.80

6.98%

6.00

6.14%

3 yrs & above to less than 5 yrs

6.50

6.66%

6.00

6.14%

5 yrs & above to 10 yrs

6.50

6.66%

3.40

3.44%

#Bank has introduced a special NRE/NRO Retail Term deposit scheme of 400 Days with rate of interest 7.15% for Callable deposit with effect from 18.01.2023.

* 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/premature extension of NRE term deposits of less than Rs.2 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.2 Crore & above that are placed/renewed on or after 12.03.2019.

However, a penalty of 1.00% shall be levied for premature closure/premature extension 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. 07.01.2023  (Interest rate % per annum)

CURRENCY OF

DEPOSIT

1 Year and above but less than 2 years

2 years and above but less than 3 years

3 years and above but less than 4 years

4 years and above but less than 5 years

Five years only

USD

5.00

4.60

4.25

4.00

3.9

GBP

4.25

3.75

3.75

3.5

3.0

EUR

1.50

1.50

1.50

1.5

1.5

CAD

4.30

4.10

3.85

3.5

3.5

AUD

3.50

3.25

3.25

3.25

3.25

 

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

 

Interest rates on RFC Deposits w.e.f. 07.01.2023  (Interest rate % per annum)

PERIOD OF DEPOSIT

CURRENCY OF DEPOSITS

 

USD

GBP

EUR

CAD

AUD

SAVINGS BANK  

1.00

0.45

NIL

0.95

0.24

1 month & above but less than 3 months

2.25

1.50

0.25

1.50

1.50

3 months & above but less than 6 months

2.50

2.00

0.50

2.00

2.00

6 months & above but less than 1 year

3.00

2.50

0.50

2.50

2.50

1 year & above but less than 2 years

5.00

4.25

1.50

4.30

3.50

2 years & above but less than 3 years

4.60

3.75

1.50

4.10

3.25

3 years only

 

4.25

3.75

1.50

3.85

3.25

“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.”

 

Got any Questions?
Call us Today!

Toll Free Numbers

1800 425 0018
1800 103 0018
1800 208 3333
1800 3011 3333


Non Toll Free Numbers
(if calling from outside India)

+91-80-22064232

Customers are requested to call on our
mentioned Toll Free Numbers only for any
complaints/issues. Bank shall not be
responsible for any consequences arising
out of customers calling any other
unverified numbers.
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