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NATURE |
MINIMUM AVERAGE MONTHLY BALANCE w.e.f. 01.04.2015. |
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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. 01.03.2022
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 100 Cr |
2.90% |
3 |
For outstanding Balance of Rs. 100 Cr to less than Rs 300 Cr |
3.05% |
4 |
For outstanding Balance of Rs. 300 Cr to less than Rs 500 Cr |
3.05% |
5 |
For outstanding Balance of Rs 500 Cr to less than Rs 1000 Cr |
3.35% |
6 |
For outstanding Balance of Rs 1000 Cr & above |
3.50% |
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2. TERM DEPOSITS |
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A. Domestic |
Rate of Interest (%) p.a. |
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For Deposits less than Rs.2 Crore |
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Term Deposits (All Maturities) |
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.) ** |
|
7 days to 45 days* |
2.90 |
2.93% |
2.90 |
2.93% |
46 days to 90 days |
4.00 |
4.06% |
4.00 |
4.06% |
91 days to 179 days |
4.05 |
4.11% |
4.05 |
4.11% |
180 days to 269 days |
4.50 |
4.58% |
5.00 |
5.09% |
270 days to less than 1 Year |
4.55 |
4.63% |
5.05 |
5.15% |
1 year only |
5.30 |
5.41% |
5.80 |
5.93% |
Above 1 year to less than 2 years |
5.40 |
5.51% |
5.90 |
6.03% |
2 years & above to less than 3 years |
5.45 |
5.56% |
5.95 |
6.08% |
3 years & above to less than 5 years |
5.70 |
5.82% |
6.20 |
6.35% |
5 years & above to 10 Years |
5.75 |
5.88% |
6.25 |
6.40% |
* 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 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 5.75 % 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. 12.05.2022 |
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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% |
3.10 |
3.14% |
91 days to 179 days |
3.35 |
3.39% |
3.35 |
3.39% |
180 days to 269 Days |
3.35 |
3.39% |
3.35 |
3.39% |
270 days to less than 1 Year |
3.35 |
3.39% |
3.35 |
3.39% |
1 year only |
3.75 |
3.80% |
3.75 |
3.80% |
Above 1 year to less than 2 years |
3.75 |
3.80% |
3.75 |
3.80% |
2 years & above to less than 3 years |
3.65 |
3.70% |
3.65 |
3.70% |
3 years & above to less than 5 years |
3.40 |
3.44% |
3.40 |
3.44% |
5 years & above to 10 Years |
3.40 |
3.44% |
No Quotes @ |
* 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 5 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. 12.05.2022) |
Rs. 2 Crore & above to less than Rs. 10 Crore (w.e.f. 12.05.2022) |
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Rate of Interest (% per annum) |
Annualised Interest Yield (% per annum) * |
Rate of Interest (% per annum) |
Annualised Interest Yield (% per annum) * |
|
1 year only |
5.30 |
5.41% |
3.75 |
3.80% |
Above 1 year to less than 2 yrs |
5.40 |
5.51% |
3.75 |
3.80% |
2 yrs & above to less than 3 yrs |
5.45 |
5.56% |
3.65 |
3.70% |
3 yrs & above to less than 5 yrs |
5.70 |
5.82% |
3.40 |
3.44% |
5 yrs & above to 10 yrs |
5.75 |
5.88% |
3.40 |
3.44% |
* 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. 07.05.2022 (Interest rate % per annum) |
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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 |
1.60
|
2.02
|
2.10
|
2.21
|
2.29
|
GBP |
1.85
|
2.21
|
2.18
|
2.19
|
2.16
|
EUR |
0.06 |
0.11 |
0.11
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0.20
|
0.25
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CAD |
0.91
|
1.96
|
2.06
|
2.11
|
2.11
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AUD |
0.85
|
1.35
|
1.55
|
1.80
|
1.95
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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. 07.05.2022 (Interest rate % per annum) |
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PERIOD OF DEPOSIT |
CURRENCY OF DEPOSITS |
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|
USD |
GBP |
EUR |
CAD |
AUD |
SAVINGS BANK |
NIL |
NIL |
NIL |
NIL |
NIL |
1 month & above but less than 3 months |
0.65 |
0.75 |
NIL |
0.73 |
NIL |
3 months & above but less than 6 months |
1.08 |
0.85 |
NIL |
1.26 |
0.50 |
6 months & above but less than 1 year |
1.54 |
1.19 |
0.03 |
1.70
|
1.12 |
1 year & above but less than 2 years |
1.60
|
1.85
|
0.06 |
0.91
|
0.85
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2 years & above but less than 3 years |
2.02
|
2.21
|
0.11 |
1.96
|
1.35
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3 years only
|
2.10
|
2.18
|
0.11
|
1.06
|
1.55
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“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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