Canara Bank FD Rate: Canara Bank has shocked its crores of customers in the beginning of June. Canara Bank has reduced the interest on FDs of more than one year and 3 years but less than 5 years. The bank has reduced the interest on FDs by 0.25 percent. RBI is going to announce the repo rate soon.
Canara Bank Fixed Deposit Rate: Canara Bank has shocked its crores of customers in the beginning of June. Canara Bank has reduced the interest on FDs of more than one year and 3 years but less than 5 years. The bank has reduced the interest on FDs by 0.25 percent. RBI is going to announce the repo rate soon. Even before that, the bank is reducing the interest rates on FDs. These new rates have come into effect from June 1, 2025.
Canara Bank’s new FD interest rates – 1 June 2025
Canara Bank has reduced interest on FDs of one year and more than 3 years but less than 5 years. The bank has reduced the interest on these FDs by 0.25 percent. Canara Bank has changed the interest rates of Fixed Deposit (FD) from 21 May 2025. Now the bank is giving 4% interest on FDs of 7 to 45 days and 5.25% interest on deposits of 46 to 90 days. At the same time, 5.50% interest will be available on FDs of 91 to 179 days and 6.15% interest will be available on FDs of 180 to 269 days.
What is the difference between callable and non-callable FDs
Canara Bank FDs are of two types – callable and non-callable. In callable FD, you can withdraw money before time if needed, whereas in non-callable FD, withdrawal of money before maturity is not allowed. If you withdraw, you have to pay a penalty. Therefore, before making an FD, it is important to understand when and how you may need money.
According to Canara Bank’s website, general and senior citizens are getting this much interest
| Time Period |
General Citizen (Callable) |
Senior Citizen (Callable) |
General Citizen (Non-callable – Rs 1 crore to Rs 3 crore) |
Senior Citizen (Non-callable – Rs 1 crore to Rs 3 crore) |
||||
| Interest Rate (in %) | Interest Rate (Yield) | Interest Rate (in %) | Interest Rate (in %) | Interest Rate (in %) | Interest Rate (in %) | Interest Rate (in %) | Interest Rate (in %) | |
|
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% |
5.35 |
5.46% |
5.35 |
5.46% |
|
91 days to 179 days |
5.50 |
5.61% |
5.50 |
5.61% |
5.60 |
5.72% |
5.60 |
5.72% |
|
180 days to 269 days |
6.15 |
6.29% |
6.65 |
6.82% |
6.25 |
6.40% |
6.75 |
6.92% |
|
270 days to less than 1 year |
6.25 |
6.40% |
6.75 |
6.92% |
6.35 |
6.50% |
6.85 |
7.03% |
|
one year |
6.75 |
6.92% |
7.25 |
7.45% |
6.90 |
7.08% |
7.40 |
7.61% |
|
444 days |
7.00 |
7.19% |
7.50 |
7.98% |
7.40 |
7.61% |
7.90 |
8.14% |
|
More than one year but less than 2 years |
6.85 |
7.03% |
7.35 |
7.56% |
7.00 |
7.19% |
7.50 |
7.71% |
|
More than 2 years but less than 3 years |
6.90 |
7.08% |
7.41 |
7.61% |
7.00 |
7.19% |
7.50 |
7.71% |
|
More than 3 years but less than 5 years |
6.75 |
6.92% |
7.25 |
7.45% |
NA |
NA |
NA |
NA |
|
More than 5 years to 10 years |
6.70 |
6.87% |
7.20 |
7.40% |
NA |
NA |
NA |
NA |
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