Canara Bank has revised its fixed deposit (FD) and savings account interest rates, with the new rates effective from August 8, 2025, for FDs, and August 1, 2025, for savings accounts. The fixed deposit rate reduction applies to deposits less than Rs 3 crore.
Following the revision, interest rates on callable fixed deposits now range between 3.25% and 6.5% for general customers, and between 3.25% and 7% for senior citizens for deposits below Rs 3 crore.
Axis Bank launches new feature ‘Lock FD’ to curb digital fraud; here’s how to activate it | Term Deposits (All Maturities) | General Public | Senior Citizen |
| Rate of Interest (% p.a.) | Rate of Interest (% p.a.) # |
| 7 Days to 45 Days | 3.25 | 3.25 |
| 46 Days to 90 Days | 4.25 | 4.25 |
| 91 Days to 179 Days | 4.5 | 4.5 |
| 180 Days to 269 Days | 5.5 | 6 |
| 270 Days to less than 1 Year | 5.75 | 6.25 |
| 1 Year & above to 1 year 3 months Only | 6.25 | 6.75 |
| 444 Days | 6.5 | 7 |
| Above 1 Year 3 months to less than 2 Years | 6.25 | 6.75 |
| 2 Years & above to less than 3 Years | 6.25 | 6.75 |
| 3 Years & above to less than 5 Years | 6.25 | 6.75 |
| 5 Years & above to 10 Years | 6.25 | 6.75 |
A penalty of 1% will be charged for premature closure, partial withdrawal, or premature extension of Domestic/NRO term deposits below Rs 3 crore, for deposits accepted or renewed on or after March 12, 2019.
Canara Bank savings account interest rate
Canara Bank savings account interest rate range between 2.55% and 4% depending on the savings account balance.
| .No. | Slabs | ROI(%) |
| 1 | For outstanding Balance of less than Rs. 50 Lakh | 2.55% |
| 2 | For outstanding Balance of Rs. 50 Lakh to less than Rs 5 Cr | 2.55% |
| 3 | For outstanding Balance of Rs. 5 Cr to less than Rs 10 Cr | 2.55% |
| 4 | For outstanding Balance of Rs. 10 Cr to less than Rs 100 Cr | 2.55% |
| 5 | For outstanding Balance of Rs. 100 Cr to less than Rs 200 Cr | 2.65% |
| 6 | For outstanding Balance of Rs. 200 Cr to less than Rs 300 Cr | 2.65% |
| 7 | For outstanding Balance of Rs. 300 Cr to less than Rs 500 Cr | 3.10% |
| 8 | For outstanding Balance of Rs. 500 Cr to less than Rs 1000 Cr | 3.40% |
| 9 | For outstanding Balance of Rs. 1000 Cr & less than Rs. 2000 Cr | 3.55% |
| 10 | For outstanding Balance of Rs. 2000 Cr & above | 4.00% |
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