Your Investment
After 3 Years, You will receive
₹ 123143.93
and ₹ 23143.93 as interest
Total Investment
Total Interest
Different banks in India provide interest on your investment in bank FD that vary from a bank to another. Sometimes, you are left confused and find it difficult to choose the financial institution to open your FD account. Our Canara Bank FD Calculator features calculations that can help you estimate the interest you are going to earn upon maturity.
Canara Bank fixed deposit refers to a financial product offered by Canara Bank, where individuals can deposit a specific amount of money for a fixed duration at a predetermined interest rate. The deposited amount and the accrued interest are returned to the depositor upon maturity. Canara Bank's fixed deposit is a secure investment option provided by the bank.
The Canara Bank FD Interest Rate Calculator aims to help potential clients make quick and wise decisions related to investment in bank FDs. The accurate figures prove useful in planning finances for the future. You can easily plan your financial goals, including short-term and long-term. The Canara Bank fixed deposit is a good option as it provides
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The Canara Bank FD Interest Rate Calculator aims at helping the potential clients make quick and wise decisions related to investment in the bank FDs. The accurate figures prove useful in planning financial for the future. You can easily plan your financial goals including short-term and long-term.
The Canara Bank fixed deposit is a good option to earn fixed and predictable interest income. Enjoy the benefit of simple and compound interest, minimal risk, and capital protection upto an amount of Rs. 5 lakhs secured through an insurance cover. Use the Canara Bank FD Calculator to take better and quick investment decisions.
The interest rate offered by the bank is subject to change from time to time. Hence, investors are advised to gather the information related to the rate of interest offered on fixed deposits by the bank. You can take benefit of the free to use tool the Canara Bank FD Calculator.
Canara bank provides the below given interest rates on opening a bank FD
(investment less than 2 crore: )
| Maturity Period | Interest Rate for General Citizens (p.a.) | Interest Rate for Senior Citizens (p.a.) |
|---|---|---|
7 Days to 45 Days | 4.00% | 4.00% |
46 Days to 90 Days | 5.25% | 5.25% |
91 Days to 179 Days | 5.50% | 5.50% |
180 Days to 269 Days | 6.25% | 6.75% |
270 Days to less than 1 Year | 6.50% | 7.00% |
1 Year Only | 7.00% | 7.50% |
444 Days | 7.25% | 7.75% |
Above 1 Year to less than 2 Years | 6.90% | 7.40% |
2 Years & above to less than 3 Years | 6.85% | 7.35% |
3 Years & above to less than 5 Years | 6.80% | 7.30% |
5 Years & above to 10 Years | 6.70% | 7.20% |
Note: FD rates are effective from April 1, 2023, to June 30, 2023
The need for fund can be felt anytime. There can be many reasons that may force you to go for the Premature Withdrawal of your fixed deposit in a bank. Unlike other banks, Canara Bank also has the penalty applicable on Premature Withdrawal of FD.
In case of premature withdrawal of your fixed deposit/ partial withdrawal/ premature extension of domestic term deposit/ NRO term deposit whose value is less than Rs. 1 crore which are accepted or renewed on or after February 4, 2011, a penalty charge of 1.00% shall be charged.
For the premature closure/premature extension of NRE term deposits of Rs. 1 crore and above that are accepted or renewed on or after October 13, 2012, the bank will not levy any charges. For the premature closure/premature extension in case of NRE term deposits of Rs. 1 crore and above which are placed/renewed from December 29, 2011, to October 12, 2012, Canara bank will also be charging a penalty of 1.00%. All the investors are advised to gather relevant information about the terms and conditions on fixed deposit returns, premature withdrawal, and maturity to avoid any kind of disappointment.
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