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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 |
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2. TERM DEPOSITS Rate of Interest (%) p.a. For Deposits less than Rs.2 Crore |
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A. Domestic |
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Callable |
Non Callable (above Rs. 15 Lakh)$ |
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Term Deposits (All Maturities) |
General Public |
Senior Citizen |
General Public |
Senior Citizen |
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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 |
4.00 |
4.06% |
4.00 |
4.06% |
NA |
NA |
NA |
NA |
46 Days to 90 Days |
5.25 |
5.35% |
5.25 |
5.35% |
5.30 |
5.41% |
5.30 |
5.41% |
91 Days to 179 Days |
5.50 |
5.61% |
5.50 |
5.61% |
5.55 |
5.67% |
5.55 |
5.67% |
180 Days to 269 Days |
6.25 |
6.40% |
6.75 |
6.92% |
6.30 |
6.45% |
6.80 |
6.98% |
270 Days to less than 1 Year |
6.50 |
6.66% |
7.00 |
7.19% |
6.55 |
6.71% |
7.05 |
7.24% |
1 Year Only |
7.00 |
7.19% |
7.50 |
7.71% |
7.25 |
7.45% |
7.75 |
7.98% |
444 Days |
7.25 |
7.45% |
7.75 |
7.98% |
7.40 |
7.61% |
7.90 |
8.14% |
Above 1 Year to less than 2 Years |
6.90 |
7.08% |
7.40 |
7.61% |
7.15 |
7.34% |
7.65 |
7.87% |
2 Years & above to less than 3 Years |
6.85 |
7.03% |
7.35 |
7.56% |
7.10 |
7.29% |
7.60 |
7.82% |
3 Years & above to less than 5 Years |
6.80 |
6.98% |
7.30 |
7.50% |
NA |
NA |
NA |
NA |
5 Years & above to 10 Years |
6.70 |
6.87% |
7.20 |
7.40% |
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. 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 6.70 % p.a. for Canara Tax Saver Deposit scheme (General Public). Maximum deposit acceptable is Rs 1.50 Lakh.
“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.
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3. DOMESTIC BULK TERM DEPOSITS |
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Domestic |
Rate of Interest (% p.a.) |
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For Deposits Rs. 2 Crore & above to less than Rs. 10 Crore * w.e.f. 05.04.2023 |
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Term Deposits (All Maturities) |
Callable |
Non-Callable ++ |
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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 Term Deposits under Non-callable segment for maturities of below 46 Days and 3 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 |
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a. NRO – all maturities |
Same as applicable to Domestic Term Deposits |
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b. NRE –Term deposits |
Rate of interest (%) per annum |
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Period of Deposit |
Less than Rs.2 Crore (w.e.f. 05.04.2023) |
Rs. 2 Crore & above to less than Rs. 10 Crore (w.e.f. 05.04.2023) |
||
Rate of Interest (% per annum) |
Annualised Interest Yield (% per annum) * |
Rate of Interest (% per annum) |
Annualised Interest Yield (% per annum) * |
|
1 year only. |
7.00 |
7.19% |
6.15 |
6.29% |
444 Days |
7.25 |
7.45% |
NA |
NA |
Above 1 year to less than 2 years. |
6.90 |
7.08% |
6.25 |
6.40% |
2 years & above to less than 3 years. |
6.85 |
7.03% |
6.25 |
6.40% |
3 years & above to less than 5 years. |
6.80 |
6.98% |
6.25 |
6.40% |
5 years & above to 10 years. |
6.70 |
6.87% |
3.65 |
3.70% |
#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/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. 12.05.2023 (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 |
4.25 |
4.00 |
3.75 |
3.50 |
GBP |
4.25 |
3.00 |
3.00 |
3.00 |
3.00 |
EUR |
2.00 |
1.75 |
1.50 |
1.50 |
1.50 |
CAD |
4.30 |
4.10 |
3.85 |
3.50 |
3.50 |
AUD |
3.50 |
3.25 |
3.00 |
3.00 |
3.00 |
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. 12.05.2023 (Interest rate % per annum)
PERIOD OF DEPOSIT |
CURRENCY OF DEPOSITS |
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|
USD |
GBP |
EUR |
CAD |
AUD |
SAVINGS BANK |
0.10 |
0.10 |
NIL |
NIL |
NIL |
1 month & above but less than 3 months |
0.50 |
NA |
NA |
0.25 |
0.25 |
3 months & above but less than 6 months |
0.50 |
NA |
NA |
0.50 |
0.50 |
6 months & above but less than 1 year |
0.75 |
NA |
NA |
0.75 |
0.75 |
1 year & above but less than 2 years |
5.00 |
4.25 |
2.00 |
4.30 |
3.50 |
2 years & above but less than 3 years |
4.25 |
3.00 |
1.75 |
4.10 |
3.25 |
3 years only
|
4.00 |
3.00 |
1.50 |
3.85 |
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.”
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