Canara Bank FD Interest Rates

CANARA BANK FD INTEREST RATES 2022

Term Deposits (All Maturities)

                                         General Public

                                  Senior Citizen

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*

3.25

3.29%

3.25

3.29%

46 days to 90 days

4.50

4.58%

4.50

4.58%

91 days to 179 days

4.50

4.58%

4.50

4.58%

180 days to 269 days

5.50

5.61%

6.00

6.14%

270 days to less than 1 Year

5.50

5.61%

6.00

6.14%

1 year only

6.75

6.92%

7.25

7.45%

Above 1 year to less than 2 years

6.80

6.98%

7.30

7.50%

666 Days

7.00

7.19%

7.50

7.71%

2 years & above to less than 3 years

6.80

6.98%

7.30

7.50%

3 years & above to less than 5 years

6.50

6.66%

7.00

7.19%

5 years & above to 10 Years

6.50

6.66%

7.00

7.19%

* 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 6.50 % p.a. for Canara Tax Saver Deposit scheme (General Public). Maximum deposit acceptable is Rs 1.50 Lakh.

The above Rate of interest is applicable to Recurring deposits also.

AUTO RENEWAL FACILITY:

The deposit will be renewed automatically from the date of maturity for a similar period at the interest rate prevailing on the date of maturity for the original period of deposit. (except for Canara Tax Saver Deposits, Capital Gains Accounts, Court Deposits, Non-KYC Complied Term Deposits, Canara Samriddhi deposits (discontinued w.e.f. 01.10.2015),CanaraKhazana, CanaraShikhar Deposits (discontinued w.e.f. 26.03.2020),Canara Unique Deposits(discontinued w.e.f. 31.03.2022), CanaraAmrit (discontinued w.e.f. 26.01.2022), Non-callable deposits etc.)

PENALTY:
A penalty of 1.00% shall be levied for premature closure/part withdrawal/ premature extension of Domestic/NRO term deposits of less than Rs.2 Crore that are accepted /renewed on or after 12.03.2019.

“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.

OVERDUE DEPOSITS:
If a Domestic Term Deposit matures and proceeds are unpaid, the amount left unclaimed with the Bank shall attract rate of interest as applicable to saving account or the contracted rate of interest on the matured Term Deposit, whichever is lower.

#Canara Bank FD Interest Rates #Canara Bank FDR Interest Rates #Canara Bank Fixed Deposit Rates #FD Interest Rates of Canara Bank #Latest Canara Bank FD Interest Rates

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