The Canara Bank FD interest rates in 2026 offer up to 6.15% p.a. for regular citizens and 6.65% p.a. for senior citizens, depending on the tenure. These Canara Bank fixed deposit rates are applicable for tenures ranging from 7 days to 10 years, making them suitable for different investment goals.

The Canara Bank FD scheme provides multiple investment options with flexible interest payouts and additional benefits for senior citizens. Investors can choose suitable tenures to maximise returns under Canara Bank FD interest rates.

Canara Bank FD Interest Rates – Highlights

• Highest Canara Bank FD interest rates (Regular): 6.15%
• Highest Canara Bank FD interest rates (Senior Citizens): 6.65%
• Tenure Range: 7 days to 10 years
• Minimum Deposit: ₹1,000
• Special Tenure: 555 days offering highest interest rates
• Senior Citizen Benefit: Additional interest up to 0.50%

Canara Bank Fixed Deposit Benefits

• Easy to open deposits under the Canara Bank FD scheme with minimal documentation 
• Attractive Canara Bank FD interest rates across multiple tenures 
• Loan facility available up to 90% of the deposit amount 
• Partial withdrawal facility in units of ₹1,000 under Canara Bank fixed deposit rates 
• Additional benefits for senior citizens under special Canara Bank FD scheme

Canara Bank Fixed Deposit Features

• Minimum deposit starts from ₹1,000 under the Canara Bank FD scheme 
• Tenure ranges from 7 days to 10 years with flexible Canara Bank fixed deposit rates 
• Multiple interest payout options (monthly, quarterly, annually) 
• Nomination facility available 
• Loan and overdraft facilities available against deposits under Canara Bank FD interest rates

Types of Canara Bank FD Schemes

Canara Bank offers multiple options under the Canara Bank FD scheme to meet different investment needs. These schemes are designed to provide flexibility, safety, and attractive Canara Bank FD interest rates:

• Regular Fixed Deposit Scheme: A standard option offering stable returns based on tenure and applicable Canara Bank fixed deposit rates.
• Tax Saver Fixed Deposit Scheme: A 5-year lock-in deposit under the Canara Bank FD scheme that offers tax benefits under Section 80C.
• Kamadhenu Deposit Scheme: A flexible FD option with multiple payout choices, allowing investors to benefit from Canara Bank FD interest rates.
• Special Tenure FD (555 / 444 Days): These deposits offer higher returns compared to regular options under Canara Bank fixed deposit rates.

Eligibility to Open Canara Bank Fixed Deposit

• Any Individual
• Joint holders (not more than 4),
• A Guardian on behalf of a minor,
• A HUF, Company, Partnership, or any Institution.

Documents Required For Opening Canara Bank Fixed Deposit

• Bank's application form.
• PAN Card / Form 60 or 61
• Two copies of the depositor's photograph
• Proof of Identity
• Proof of address
• Other required documents for proprietorship concern are the partnership firm, company, HUF, etc.

Tax Benefits on Canara Bank Fixed Deposit

Canara tax saver scheme is available through the fixed deposit and Kamadhenu deposit schemes. The account is appropriate for salaried employees, business owners, and professionals. Individuals and HUFs are permitted to open this account.

The minimum deposit is Rs. 100, and the highest is Rs. 1.5 lakh for the tenure of five years. You will be eligible for a tax deduction of Rs. 1.5 lakh under the Section 80C of Income Tax Act, 1961 once you deposit money in this account.

Penalty on Premature Closure of FD

According to the Canara Bank website, a penalty of 1.00% shall be imposed for premature closure/part withdrawal/premature extension of Domestic/NRO term deposits of less than Rs.3 crore that are accepted/renewed on or after 12.03.2019.

The Bank levies a 1.00% penalty for the premature closure, partial withdrawal, or extension of Domestic/NRO term deposits. Such prematurely closed, partially withdrawn, or extended deposits will receive interest at 1.00%.

Such prematurely closed/part withdrawn/prematurely extended deposits will earn interest at 1.00% less than the rate applicable for the relevant amount slab as ruling on the date of deposit and as applicable for the period run, whichever is lower.

However, no interest will be paid on term deposits that are prematurely closed or extended before the completion of the seventh day.

Conclusion

Canara Bank FD interest rates offer a reliable and secure investment option for individuals looking for stable returns in 2026. With flexible tenures and competitive Canara Bank fixed deposit rates, these deposits are suitable for both short-term and long-term financial planning.

The wide range of options available under the Canara Bank FD scheme, along with additional benefits for senior citizens, makes it an ideal choice for risk-averse investors. Overall, the Canara Bank FD interest rates continue to provide consistency, safety, and predictable growth for your savings.