Canara Bank FD interest rates for 1, 2, 3 and 5 years
Last checked 3 November 2026. Rate card from 2 November 2026. Deposits below ₹3 crore.
Canara Bank pays its best rate among these terms on 1 year: 6.40%, or 6.90% for senior citizens. That ranks 16th of 33 banks we track for 1 year. On a 2-year deposit it pays less than SBI (6.40%).
Canara Bank FD rates by term
| Term | Rate | Senior rate | ₹5 lakh becomes | Rank |
|---|---|---|---|---|
| 1 year Slab: 1 year and above to 1 year 3 months (except 444 days) | 6.40% | 6.90% | ₹5,32,776 | 16th of 33 |
| 2 years Slab: 2 years and above to less than 3 years | 6.25% | 6.75% | ₹5,66,027 | 25th of 33 |
| 3 years Slab: 3 years and above to less than 5 years | 6.25% | 6.75% | ₹6,02,241 | 23rd of 33 |
| 5 years Slab: 5 years and above to 10 years | 6.25% | 6.75% | ₹6,81,770 | 18th of 33 |
Interest compounds every quarter and is paid at maturity, before tax. Source: Canara Bank deposit rates. Each rate is the slab that contains that exact term.
How Canara Bank compares
- 1 year: the highest rate we track is Ujjivan Small Finance Bank at 7.25%, 0.85 percentage points more. On ₹5 lakh that is ₹4,471 extra.
- 2 years: the highest rate we track is ESAF Small Finance Bank at 7.75%, 1.50 percentage points more. On ₹5 lakh that is ₹16,937 extra.
- 3 years: the highest rate we track is Jana Small Finance Bank at 8.00%, 1.75 percentage points more. On ₹5 lakh that is ₹31,880 extra.
- 5 years: the highest rate we track is Jana Small Finance Bank at 7.77%, 1.52 percentage points more. On ₹5 lakh that is ₹52,872 extra.
Similar banks: Bank of Baroda (6.25% for 2 years), Central Bank of India (6.25% for 2 years), Punjab National Bank (6.30% for 2 years), Union Bank of India (6.15% for 2 years).
Amounts at Canara Bank
- ₹1 lakh for 1 year at 6.40% becomes ₹1,06,555.
- ₹10 lakh for 1 year at 6.40% becomes ₹10,65,552.
Questions people ask
What is the Canara Bank FD rate for 1 year?
Canara Bank pays 6.40% a year on a 1-year deposit below ₹3 crore (6.90% for senior citizens). ₹5 lakh grows to ₹5,32,776. The slab is "1 year and above to 1 year 3 months (except 444 days)".
What is the Canara Bank FD rate for 2 years?
Canara Bank pays 6.25% a year on a 2-year deposit below ₹3 crore (6.75% for senior citizens). ₹5 lakh grows to ₹5,66,027. The slab is "2 years and above to less than 3 years".
What is the Canara Bank FD rate for 3 years?
Canara Bank pays 6.25% a year on a 3-year deposit below ₹3 crore (6.75% for senior citizens). ₹5 lakh grows to ₹6,02,241. The slab is "3 years and above to less than 5 years".
What is the Canara Bank FD rate for 5 years?
Canara Bank pays 6.25% a year on a 5-year deposit below ₹3 crore (6.75% for senior citizens). ₹5 lakh grows to ₹6,81,770. The slab is "5 years and above to 10 years".
Is money in a Canara Bank FD safe?
Canara Bank is a public sector bank. DICGC insures deposits up to ₹5 lakh per depositor per bank, principal and interest together.
More FD rate pages
1-year FD rates · 2-year FD rates · 3-year FD rates · 5-year FD rates · Senior citizen FD rates · Tax-saver FD rates · All FD rate pages · Post office FD rates · SCSS interest rate