News India Live, Digital Desk: Canara bank fd rates may 2025: Public sector Canara Bank has announced amendment in its fixed deposit (FD) and savings interest rates for general citizens and senior citizens. The latest rates on FD will be effective from May 21, 2025, while rates on savings account will be applicable from May 19, 2025.
Canara Bank’s FD interest rates will be effective from May 21, 2025. The latest rates are as follows:
| Fixed deposit (all maturity) | general public | Senior citizen | general public | Senior citizen | ||||
|---|---|---|---|---|---|---|---|---|
| Interest rate (% per year) | Annual interest yield (% per year) ** | Interest Rate (% per year) # | Annual interest yield (% per year) ** | Interest rate (% per year) | Annual interest yield (% per year) ** | Interest Rate (% per year) # | Annual interest yield (% per year) ** | |
| 7 days to 45 days | 4.00 | 4.06% | 4.00 | 4.06% | No | No | No | No |
| 46 days to 90 days | 5.25 | 5.35% | 5.25 | 5.35% | 5.35 | 5.46% | 5.35 | 5.46% |
| 91 days to 179 days | 5.50 | 5.61% | 5.50 | 5.61% | 5.60 | 5.72% | 5.60 | 5.72% |
| 180 days to 269 days | 6.15 | 6.29% | 6.65 | 6.82% | 6.25 | 6.40% | 6.75 | 6.92% |
| 270 days less than 1 year | 6.25 | 6.40% | 6.75 | 6.92% | 6.35 | 6.50% | 6.85 | 7.03% |
| Only 1 year | 6.85 | 7.03% | 7.35 | 7.56% | 7.00 | 7.19% | 7.50 | 7.71% |
| 444 days | 7.00 | 7.19 | 7.50 | 7.71 | 7.10 | 7.29 | 7.60 | 7.82 |
| More than 1 year less than 2 years | 6.85 | 7.03% | 7.35 | 7.56% | 7.00 | 7.19% | 7.50 | 7.71% |
| 2 years and more than 3 years | 6.90 | 7.08 | 7.40 | 7.61 | 7.00 | 7.19 | 7.50 | 7.71 |
| 3 years and more than 5 years | 7.00 | 7.19 | 7.50 | 7.71 | No | No | No | No |
| 5 years and more than 10 years | 6.70 | 6.87% | 7.20 | 7.40% | No | No | No | No |
Canara Bank’s savings account interest rates will be effective from May 19, 2025. The latest rates are as follows:
| No. | Slab | ROI (%) |
|---|---|---|
| 1 | For the outstanding amount of less than Rs 50 lakh | 2.70 |
| 2 | For the balance of less than Rs 50 lakh to Rs 5 crore | 2.75 |
| 3 | For the balance balance ranging from Rs 5 crore to Rs 10 crore | 2.80 |
| 4 | For the balance of less than Rs 10 crore to Rs 100 crore | 3.05 |
| 5 | For the balance balance ranging from Rs 100 crore to Rs 200 crore | 3.50 |
| 6 | For the balance of less than Rs 200 crore to Rs 300 crore | 3.10 |
| 7 | For the balance of less than Rs 300 crore to Rs 500 crore | 3.10 |
| 8 | For the balance of less than Rs 500 crore to Rs 1000 crore | 3.40 |
| 9 | 1000 crore rupees and outstanding balance of less than Rs 2000 crore | 3.55 |
| 10 | 2000 crores and more for balances of Rs. | 4.00 |
Canara Bank pays interest at the rate of 6.70 percent per year for Canara Tax Saver Deposit Scheme (general public). The maximum acceptable deposit is Rs 1.50 lakh. The additional interest rate of 0.60% for Super Senior Citizens (80 years and above) has been introduced only under Canara-444 product, ie 7.60% for callable deposit and 7.70% for non-callable deposit. The above interest rate is also applicable to recurring deposits.
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