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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 


2. TERM DEPOSITS Rate of Interest (%) p.a. For Deposits less than Rs.2 Crore 

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 
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 
$Noncallable 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 Reinvestment 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.


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. 05.04.2023 

Term Deposits (All Maturities) 
Callable 
NonCallable ++ 

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 Reinvestment Deposit Plan (Kamadhenu Deposit) is based on quarterly compounding of interest.
++ Noncallable term deposits are Bulk deposits where PREMATURE WITHDRAWAL IS NOT PERMITTED. Auto Renewal facility is not available for Noncallable deposits.
@Bank is not accepting Term Deposits under Noncallable 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 

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. 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 Reinvestment 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 Nonresident 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/ reinvestment. 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 


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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