Canara Bank Fixed Deposit Rate: Public Sector Bank has changed the interest rates of Fixed Deposit (FD) and Savings Account. The new rates of Canara Bank have come into effect from 7 August 2025. These new rates will be applicable to both general customers and senior citizens.
Canara Bank Fixed Deposit Rate: Public Sector Bank has changed the interest rates of Fixed Deposit (FD) and Savings Account. The new rates of Canara Bank have come into effect from 7 August 2025. These new rates will be applicable to both general customers and senior citizens.
New interest rates on FD
General customers will now get interest ranging from 3.25% to 6.50% on callable FD of less than Rs 3 crore. The maximum interest of 6.50% will be available on FD of 444 days. Callable FDs have the facility of premature withdrawal, but as per the rules applicable from March 2019, a penalty of 1% will have to be paid for early withdrawal or partial withdrawal. For senior citizens, the interest rate will be between 3.25% to 7%. They will get a maximum of 7% interest on FDs of 444 days.
Savings account rates
The bank has also reduced the interest rates on savings accounts. Now interest will be available from 2.55% to 4% depending on the balance, whereas earlier it was 2.70% to 4%.
Why did the rates change?
This change comes a day after RBI’s August 6 2025 policy review, in which the repo rate was kept stable at 5.55%. This year RBI has reduced the repo rate by a total of 100 basis points, due to which many banks have cut deposit rates.
What is the difference between callable and non-callable FD
Canara Bank FDs are of two types – callable and non-callable. In callable FDs, you can withdraw money before time if needed, while in non-callable FDs, 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
| Period |
General public |
Senior Citizens |
General public |
Senior Citizens |
||||
| Rate of Interest (% per annum) | Annual Interest Yield (% p.a.) | Interest Rate (% per annum) # | Annual Interest Yield (% p.a.) ** | Rate of Interest (% per annum) | Annual Interest Yield (% p.a.) ** | Interest Rate(% per annum) # | Annual Interest Yield (% p.a.) ** | |
|
7 days to 45 days |
3.25 |
3.29 |
3.25 |
3.29 |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
|
46 days to 90 days |
4.25 |
4.32 |
4.25 |
4.32 |
4.35 |
4.42 |
4.35 |
4:42 |
|
91 days to 179 days |
4.50 |
4.58 |
4.50 |
4.58 |
4.60 |
4.68 |
4.60 |
4.68 |
|
180 days to 269 days |
5.50 |
5.61 |
6.00 |
6.14 |
5.60 |
5.72 |
6.10 |
6.24 |
|
270 days but less than 1 year |
5:75 |
5:88 |
6.25 |
6.40 |
5:85 |
5.98 |
6.35 |
6.50 |
|
1 year and above to 1 year 3 months only |
6.25 |
6.40 |
6.75 |
6.92 |
6.35 |
6.50 |
6.85 |
7.03 |
|
444 days |
6.50 |
6.66 |
7.00 |
7.19 |
6.60 |
6.76 |
7.10 |
7.29 |
|
More than 1 year 3 months and less than 2 years |
6.25 |
6.40 |
6.75 |
6.92 |
6.35 |
6.50 |
6.85 |
7.03 |
|
2 years or more but less than 3 years |
6.25 |
6.40 |
6.75 |
6.92 |
6.35 |
6.50 |
6.85 |
7.03 |
|
3 years or more but less than 5 years |
6.25 |
6.40 |
6.75 |
6.92 |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
|
5 years or more up to 10 years |
6.25 |
6.40 |
6.75 |
6.92 |
Not Applicable |
Not Applicable |
Not Applicable |
Not Applicable |
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