Last Updated:August 13, 2025, 15:15 IST
Canara Bank updated FD and savings account rates effective August 7, 2025. General customers earn 3.25%-6.50% on FDs, seniors 3.25%-7%.
Canara Bank’s interest rate on FDs.
Canara Bank FD and savings Interest Rates: Public sector lender Canara Bank has revised its fixed deposit (FD) and savings account interest rates for both general customers and senior citizens, with the changes taking effect from August 7, 2025.
For callable FDs below Rs 3 crore, general customers will now earn between 3.25% and 6.50%, with the highest rate of 6.50% offered on the 444-day deposit. Callable FDs allow premature withdrawals, though a 1% penalty applies for early closure, partial withdrawal, or premature extension — a rule in place since March 2019.
Senior citizens will continue to enjoy higher returns, with rates ranging from 3.25% to 7%. The 444-day FD offers the best deal for seniors, fetching 7% interest.
Interestingly, the rate revision comes a day after the RBI kept the repo rate steady at 5.5% in its August 6 policy review. The central bank has cut the repo rate by 100 basis points so far in 2025, prompting many banks to trim deposit rates.
On the savings account side, Canara Bank has lowered its rates across certain slabs. Interest will now range from 2.55% to 4%, depending on the account balance, compared with the earlier 2.70%–4% range.
It came despite RBI kept the repo rate unchanged at 5.55 per cent in August MPC meet.
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2. TERM DEPOSITS Rate of Interest (%) p.a. For Deposits less than Rs.3 Crorew.e.f. 07.08.2025 |
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A. Domestic |
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Less than Rs.3 Crore |
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Callable |
Non Callable ( Above Rs.1 Crore ) $ |
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| Term Deposits (All Maturities) |
General Public |
Senior Citizen |
General Public |
Senior Citizen |
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| Rate of Interest (% p.a.) | Annualised Interest yield (% p.a.) ** | Rate of Interest (% p.a.) # | Annualised Interest yield (% p.a.) ** | Rate of Interest (% p.a.) | Annualised Interest yield (% p.a.) ** | Rate of Interest (% p.a.) # | Annualised Interest yield (% p.a.) ** | |
|
7 Days to 45 Days |
3.25 |
3.29 |
3.25 |
3.29 |
NA |
NA |
NA |
NA |
|
46 Days to 90 Days |
4.25 |
4.32 |
4.25 |
4.32 |
4.35 |
4.42 |
4.35 |
4.42 |
|
91 Days to 179 Days |
4.50 |
4.58 |
4.50 |
4.58 |
4.60 |
4.68 |
4.60 |
4.68 |
|
180 Days to 269 Days |
5.50 |
5.61 |
6.0 |
6.14 |
5.60 |
5.72 |
6.10 |
6.24 |
|
270 Days to less than 1 Year |
5.75 |
5.88 |
6.25 |
6.40 |
5.85 |
5.98 |
6.35 |
6.50 |
|
1 Year & above to 1 year 3 months Only |
6.25 |
6.40 |
6.75 |
6.92 |
6.35 |
6.50 |
6.85 |
7.03 |
|
444 Days |
6.50 |
6.66 |
7.00 |
7.19 |
6.60 |
6.76 |
7.10 |
7.29 |
|
Above 1 Year 3 months to less than 2 Years |
6.25 |
6.40 |
6.75 |
6.92 |
6.35 |
6.50 |
6.85 |
7.03 |
|
2 Years & above to less than 3 Years |
6.25 |
6.40 |
6.75 |
6.92 |
6.35 |
6.50 |
6.85 |
7.03 |
|
3 Years & above to less than 5 Years |
6.25 |
6.40 |
6.75 |
6.92 |
NA |
NA |
NA |
NA |
|
5 Years & above to 10 Years |
6.25 |
6.40 |
6.75 |
6.92 |
NA |
NA |
NA |
NA |
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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