CANARA BANK FD INTEREST RATES 2022
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 |
$-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. AUTO RENEWAL FACILITY:
“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 Such prematurely closed/part withdrawn/prematurely extended deposits will earn interest at 1.00% below the rate as applicable for the relevant amount slab as ruling on the date of deposit and as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.
|
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 | Non-Callable ++ | ||
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 | ||||
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) | AnnualisedInterest Yield (% per annum) * | Rate of Interest(% per annum) | AnnualisedInterest 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. 12.04.2023 (Interest rate % per annum)
CURRENCY OFDEPOSIT | 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. 12.04.2023 (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 | 0.25 | 0.05 | 0.25 | 0.25 |
3 months & above but less than 6 months | 0.50 | 0.25 | 0.05 | 0.50 | 0.50 |
6 months & above but less than 1 year | 0.75 | 0.50 | 0.05 | 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 Bank branch.”
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