How Much Has the Canara Bank FD Interest Rate Changed from 2023

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.

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. 

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