Canara Bank fixed deposits are easy to open and maintain through the bank’s official website. Moreover, you can apply for their FD scheme with a minimum amount of ₹1,000 and tenures typically range up to 10 years.
Earlier, the Canara Bank FD interest rates 2023 used to range between 3.25% to 7.65% across all the available tenures. Today, regular depositors can gain as much as 7.40% and senior citizens receive 7.90% through fixed deposits. For more information, here we have provided this comprehensive guide.
Revised Canara FD Interest Rates 2023 vs 2025
Over the past two years, Canara Bank has significantly revised the fixed deposit interest rates for maturity periods ranging from 7 days to 10 years. Below, you can find a tabular comparison of the Canara Bank FD interest rates 2023 for senior citizens and the general public against what the bank offers today.
| Tenures | Canara Bank FD Interest Rates 2023 (For Regular Depositors) | Canara Bank FD Interest Rates 2025 (For Regular Depositors) | Canara Bank FD Interest Rates 2023 (For Senior Citizens) | Canara Bank FD Interest Rates 2025 (For Senior Citizens) |
|---|---|---|---|---|
| 7 days to 45 days | 3.25% | 4.00% | 3.25% | 4.00% |
| 46 days to 90 days | 4.50% | 5.25% | 4.50% | 5.25% |
| 91 days to 179 days | 4.50% | 5.50% | 4.50% | 5.50% |
| 180 days to 269 days | 5.50% | 6.15% | 6.00% | 6.65% |
| 270 days to less than 1 year | 5.50% | 6.25% | 6.00% | 6.75% |
| 1 year | 6.75% | 6.85% | 7.25% | 7.35% |
| Above 1 year to less than 2 years | 6.80% | 6.85% | 7.30% | 7.35% |
| 2 years and above to less than 3 years | 6.80% | 7.30% | 7.30% | 7.80% |
| 3 years and above to less than 5 years | 6.50% | 7.40% | 7.00% | 7.90% |
| 5 years to 10 years | 6.50% | 6.70% | 7.00% | 7.20% |
To enjoy the additional returns, one can either apply for a new Canara Bank FD account or reinvest the maturity amount upon the existing scheme’s maturity.
Final Word
When comparing Canara Bank FD interest rates 2023 and 2025, a rise of 0.90% in interest returns can be observed for the highest slab rate. In addition, the bank now allows its customers to make partial withdrawals from their corpus in ₹1,000 increments. Thus, typically many consider Canara Bank as a good option for opening fixed deposits.
But what if you could earn 9.50% annual returns on your fixed deposit investments? That’s possible too. Download the Stable Money app to start your investment journey today.
Frequently Asked Questions
Canara 444 is a tailored fixed deposit plan that offers 7.25% p.a. to general customers who contribute less than ₹3 core and maintain their FD for 444 days. Senior citizens opting for this scheme receive 7.75% returns per year.
To use the Canara FD interest rates calculator via Stable Money, all you need to do is enter your desired principal and tenure and specify whether you are applying for a senior citizen or not.
Some banks listed on the Stable Money platform offer 9.50% interest to senior citizens over selective tenures. You can download the app to invest in these schemes without opening a savings account in those banks.
