What is the highest Canara Bank FD rate for senior citizens?

The highest Canara Bank Senior Citizen FD rate is 7.10% p.a. for deposits between 5 and 10 years.

Is Canara Bank FD Safe for Senior Citizens?

Canara Bank fixed deposits are safe as deposits up to ₹5 lakh per depositor per bank are covered under DICGC insurance.

Can senior citizens get a monthly income from a Canara Bank FD?

Yes. Canara Bank offers non-cumulative fixed deposits where interest can be paid monthly, quarterly, half-yearly, or annually.

What is the minimum amount required to open a Canara Bank Senior Citizen FD?

The minimum amount required to open a Canara Bank Senior Citizen Fixed Deposit is ₹1,000.

Is interest earned on Canara Bank Senior Citizen Fixed Deposits taxable?

Yes. Interest earned on Canara Bank Senior Citizen Fixed Deposits is taxable as per the applicable income tax slab. Banks may deduct TDS if annual FD interest exceeds the prescribed threshold limit.

Canara Bank Senior Citizen Fixed Deposit Rates

Name: Canara Bank Senior Citizen FD Rates
Brand: Interest Rates
Rating: 4.8 (12535 reviews)

Canara Bank offers attractive FD rates for senior citizens ranging from 3.55% to 7.05% p.a. across tenures of 7 days to 10 years. Continue reading for the latest Canara Bank Senior Citizen FD rates and special FD schemes for senior citizens.

Canara Bank Senior Citizen FD Snapshot	Details
Highest Senior Citizen FD Rate	7.10%
FD Tenure Range	7 to 10 Years
Minimum FD Amount	Rs. 1000/-
Premature Withdrawal Facility	Available with a penalty of 0.5% to 1%
Loan Against FD	Up to 90% of the fixed deposit amount.

Canara Bank Senior Citizen FD Rates (Less Than ₹3 Crore)

The table below provides a detailed breakdown of Canara Bank Senior Citizen FD rates for fixed deposits below ₹3 crore across different tenure options

Tenure	Senior Citizen FD Rates (per annum)
7 Days to 45 Days	3.00%
46 Days to 90 Days	4.00%
91 Days to 179 Days	4.25%
180 Days to 269 Days	5.75%
270 Days to less than 1 Year	6.00%
1 Year & above to 1 year 3 months Only (Except 444 days)	6.75%
444 Days*	7.00%
555 Days*	7.10%
Above 1 Year 3 months to less than 2 Years (Except 555 days)	6.75%
2 Years & above to less than 3 Years	6.75%
3 Years & above to less than 5 Years	6.75%
5 Years & above to 10 Years	6.75%

ALSO READ: Best FD Rates for the Month of June

Use the Canara Bank FD Calculator below to estimate the maturity amount and interest earned on your Canara Bank fixed deposit based on your investment amount, tenure, and applicable FD rate.

Canara Bank Super Senior Citizen FD Rates

Canara Bank offers an additional interest rate to super senior citizens, typically individuals aged 80 years and above. Here is a breakdown of Canara Bank super senior citizen fixed deposit rates:

Tenure	Senior Citizen FD Rates (per annum)
7 Days to 45 Days	3.60%
46 Days to 90 Days	4.60%
91 Days to 179 Days	4.85%
180 Days to 269 Days	6.35%
270 Days to less than 1 Year	6.60%
1 Year & above to 1 year 3 months Only (Except 444 days)	7.35%
444 Days*	7.60%
555 Days*	7.70%
Above 1 Year 3 months to less than 2 Years (Except 555 days)	7.35%
2 Years & above to less than 3 Years	7.35%
3 Years & above to less than 5 Years	7.35%
5 Years & above to 10 Years	7.35%

ALSO READ: All Banks Senior Citizen FD Rates

Compare Canara Bank Senior Citizen FD Interest Rates with Other Banks

Several banks currently offer higher interest rates than Canara Bank for specific tenures. The table below compares Canara Bank senior citizen Fixed Deposit rates with other banks' FD rates.

Bank	Highest Rate
Canara Bank	7.10% (555 Days)
Shivalik Small Finance Bank	8.30% (21 to 22 Months)
Suryoday Small Finance Bank	8.25% (30 Months)
Utkarsh Small Finance Bank	8.25% (666 Days)
Jana Small Finance Bank	8.00% (370–380 Days)
Mahindra Finance	7.80% (48 to 60 Months)
Indusind Bank	7.75% (24 to 36 Months)
Shriram Finance Bank	7.75% (36 to 60 Months)
Bajaj Finance	7.75% (31 to 60 Months)
RBL Bank	7.70% (18 to 36 months)
Sundaram Finance	7.50% (24 to 60 Months)
ICICI Housing Finance	7.35% (48 to 60 Months)
Indian Bank	7.30% (555 Days)
Kotak Mahindra Bank	7.30% (2 to 3 Years)
Bank of India	7.20% (3 years)
ICICI Bank	7.10% (3 to 5 Years)
SBI	7.05% (5 to 10 Years)
HDFC Bank	7.00% (3 to 4 Years)
Bank of Baroda	7.00% (5 to 10 Years)