TERM DEPOSITS-Rate of Interest (%) p.a.

    2. TERM DEPOSITS
Rate of Interest (%) p.a.
For Deposits less than Rs.3 Crore
w.e.f. 17.03.2026
A. Domestic
Less than Rs.3 Crore
Callable Non Callable ( Above Rs.1 Crore ) $
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.) **
Term Deposits (All Maturities) — — — — — — — —
7 Days to 45 Days* 3.00 3.03 3.00 3.03 NA NA NA NA
46 Days to 90 Days 4.00 4.06 4.00 4.06 4.10 4.16 4.10 4.16
91 Days to 179 Days 4.25 4.32 4.25 4.32 4.35 4.42 4.35 4.42
180 Days to 269 Days 5.25 5.35 5.75 5.87 5.35 5.46 5.85 5.98
270 Days to less than 1 Year 5.50 5.61 6.00 6.14 5.60 5.72 6.10 6.24
1 Year & above to 1 year 3 months Only (Except 444 days) 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 6.77 7.10 7.29
555 Days ## 6.60 6.77 7.10 7.29 6.70 6.87 7.20 7.40
Above 1 Year 3 months to less than 2 Years (Except 555 days) 6.25 6.40 6.75 6.92 6.35 6.50 6.85 7.03
2 Years & above to less than 3 Years 6.25 6.40 6.75 6.92 6.35 6.50 6.85 7.03
3 Years & above to less than 5 Years 6.25 6.40 6.75 6.92 NA NA NA NA
5 Years & above to 10 Years 6.25 6.40 6.75 6.92 NA NA NA NA
REVISED ROI FOR NON-RESIDENT ACCOUNTS W.E.F 17.03.2026
  a. NRO – all maturities Same as applicable to Domestic Term Deposits
  b. NRE –Term deposits Rate of interest (%) per annum
  Period of Deposit CALLABLE NON-CALLABLE
Less than Rs.3 Crore Above Rs.1.00 Crore to Less than RS.3.00 Crore
(w.e.f. 17.03.2026) (w.e.f. 17.03.2026)
Rate of Interest Annualised Rate of Interest Annualised
(% per annum) Interest Yield (% per annum) * (% per annum) Interest Yield (% per annum) *
1 1 Year & above to 1 year 3 months Only (Except 444 days) 6.25 6.40 6.35 6.50
2 444 Days 6.50 6.66 6.60 6.77
3 555 Days 6.60 6.77 6.70 6.87
4 Above 1 Year 3 months to less than 2 Years (Except 555 days) 6.25 6.40 6.35 6.50
5 2 Years & above to less than 3 Years 6.25 6.40 6.35 6.50
6 3 Years & above to less than 5 Years 6.25 6.40 NA@ NA@
7 5 Years & above to 10 Years 6.25 6.40 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 (General Public) is available for Deposits (Other than NRO/NRE and CGA Deposits) less than Rs. 3 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.

 

# Additional rate of interest 0.60% for Super Senior Citizen (80 years & above) is extended under Canara 444 & Canara 555 products only, for both Callable & Non-Callable deposits.


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.3 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.

Penalty is waived for premature extension of Domestic/NRO term deposits of less than Rs.3 Crore during the tenure, where extension is for a period longer than the period originally agreed to.

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.

Bank is not accepting term deposits under Non-Callable segment for maturities of below 46 Days for Domestic/NRO, maturities of below 1 year for NRE and 3 years and above for deposit Above Rs.1 Crore to less than Rs.3 Crore.
REVISED ROI FOR NON-RESIDENT ACCOUNTS W.E.F 28.10.2026
  a. NRO – all maturities Same as applicable to Domestic Term Deposits
  b. NRE – Term deposits Rate of interest (%) per annum
    CALLABLE NON-CALLABLE
  Period of Deposit Rs. 3 Crore to less than Rs.10 Crore (w.e.f. 28.10.2026) Rs. 3 Crore to less than Rs.10 Crore (w.e.f. 28.10.2026)
Rate of Interest (% per annum) Annualised Interest Yield (% per annum) * Rate of Interest (% per annum) Annualised Interest Yield (% per annum) *
1. 1 Year Only 6.20 6.35 6.23 6.38
2. Above 1 Year to less than 2 Years 6.20 6.35 6.23 6.38
3. 2 years & above to less than 3 years 5.50 5.61 5.53 5.65
4. 3 years & above to less than 5 years 5.00 5.09 5.03 5.13
5. 5 years & above to 10 years 5.00 5.09 5.03 5.13

Penalty is waived for premature extension of Domestic/NRO/NRE term deposits of less than Rs. 3 Crore during the tenure, where extension is for a longer than the period originally agreed to. However, No interest will be payable on NRE term deposits prematurely closed/prematurely extended before completion of 1 year.

* 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 of NRE term deposits of less than Rs.3 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.3 Crore & above that are placed/renewed on or after 12.03.2019. However, a penalty of 1.00% shall be levied for premature closure 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 07.10.2026 (Interest rate % per annum)

PERIOD OF DEPOSIT CURRENCY OF DEPOSIT
USD <100000 USD>=100000 to
USD <1500000		 USD>=1500000 GBP EURO CAD AUD
1 year to less than 2 years 4.95 5.00 5.05 4.20 2.70 3.20 3.70
2 years to less than 3 years 3.90 3.90 3.90 3.00 2.00 3.25 3.50
3 years to less than 4 years 3.70 3.70 3.70 2.50 1.50 3.00 3.00
4 years to less than 5 years 3.50 3.50 3.50 2.50 1.50 3.00 3.00
5 years only 3.50 3.50 3.50 2.50 1.50 3.00 3.00

FCNR (B) Rate of Interest with Annualised Interest Yield Details

(in % p.a.)

CURRENCY OF DEPOSIT USD < 100000 USD>=100000 to USD <1500000 USD>=1500000 GBP EUR CAD AUD
PERIOD OF DEPOSIT RATE YIELD* RATE YIELD* RATE YIELD* RATE YIELD* RATE YIELD* RATE YIELD* RATE YIELD*
12 months 4.95 5.08 5.00 5.14 5.05 5.19 4.20 4.30 2.70 2.76 3.20 3.27 3.70 3.79
24 months 3.90 4.07 3.90 4.07 3.90 4.07 3.00 3.11 2.00 2.06 3.25 3.38 3.50 3.65
36 months 3.70 3.94 3.70 3.94 3.70 3.94 2.50 2.62 1.50 1.55 3.00 3.16 3.00 3.16
48 months 3.50 3.78 3.50 3.78 3.50 3.78 2.50 2.65 1.50 1.56 3.00 3.21 3.00 3.21
60 months 3.50 3.85 3.50 3.85 3.50 3.85 2.50 2.69 1.50 1.57 3.00 3.26 3.00 3.26

* Annualised yield at the end of the period.

   Note:-

  • Premature withdrawals of FCNR (B) Deposits: No interest is payable, if the deposit is withdrawn before one year.

  • No premature penalty for the deposit withdrawn after completion of one year. However, in such cases the rate of interest payable on such prematurely closed deposit shall be the rate of interest applicable to FCNR (B) deposit for the period run, ruling as on the date of deposit or on the date of seeking premature withdrawal, whichever, is lower.

Interest rates on RFC Deposits w.e.f. 01.09.2026 (Interest rate % per annum)

PERIOD OF DEPOSIT CURRENCY OF DEPOSITS
USD < 100000 USD >= 100000 GBP EUR CAD AUD
SAVINGS BANK 0.10 0.10 0.10 0.00 0.00 0.00
1 month & above but less than 3 months 0.10 0.10 NA NA 0.10 0.10
3 months & above but less than 6 months 0.10 0.10 NA NA 0.10 0.10
6 months & above but less than 1 year 0.10 0.10 NA NA 0.10 0.10
1 year & above but less than 2 years 4.95 5.00 4.20 2.70 3.20 3.70
2 years & above but less than 3 years 3.90 3.90 3.00 2.00 3.25 3.50
3 years only 3.70 3.70 2.50 1.50 3.00 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.

• Compounding of interest in RFC Term Deposit calculated and paid at intervals of 180 days (for applicable products).