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Comparison of Top 20 Scheduled Banks based on FD Rates
Banks | Highest FD rate (% p.a.) | 1-year FD rate (% p.a.) | 3-year FD rate (% p.a.) | 5-year FD rate (% p.a.) | Additional interest rate for senior citizens (% p.a.) |
| Unity Small Finance Bank | 9.00 | 7.85 | 8.15 | 8.15 | 0.50 |
| North East Small Finance Bank | 9.00 | 7.00 | 9.00 | 6.25 | 0.50 |
| Suryoday Small Finance Bank | 8.60 | 8.05 | 8.60 | 8.25 | 0.50 |
| Shivalik Small Finance Bank | 8.55 | 6.00 | 7.50 | 6.50 | 0.50 |
| Utkarsh Small Finance Bank | 8.50 | 8.00 | 8.50 | 7.75 | 0.60 |
| Jana Small Finance Bank | 8.25 | 8.25 | 8.25 | 8.20 | 0.50 |
| Ujjivan Small Finance Bank | 8.25 | 8.25 | 7.20 | 7.20 | 0.50 |
| ESAF Small Finance Bank | 8.25 | 6.00 | 6.75 | 6.25 | 0.50 |
| Equitas Small Finance Bank | 8.25 | 8.20 | 8.00 | 7.25 | 0.50 |
| SBM Bank | 8.25 | 7.05 | 7.30 | 7.75 | 0.50 |
| RBL Bank | 8.10 | 7.50 | 7.50 | 7.10 | 0.50 |
| DCB Bank | 8.05 | 7.10 | 7.55 | 7.40 | 0.50 |
| Bandhan Bank | 8.05 | 8.05 | 7.25 | 5.85 | 0.50-0.75 |
| AU Small Finance Bank | 8.00 | 7.25 | 7.50 | 7.25 | 0.50 |
| YES Bank | 7.75 | 7.25 | 7.25 | 7.25 | 0.50-0.75 |
| Induslnd Bank | 7.75 | 7.75 | 7.25 | 7.25 | 0.50 |
| IDFC First Bank | 7.75 | 6.50 | 6.80 | 6.75 | 0.50 |
| Central Bank of India | 7.45 | 7.00 | 6.00 | 5.75 | 0.50 |
| Punjab & Sind | 7.45 | 6.30 | 6.00 | 6.00 | 6.00 |
| HDFC Bank | 7.40 | 6.60 | 7.00 | 7.00 | 0.50 |
Canara Bank FD Interest Rates 2024
Canara Bank FD Rates for Domestic Deposits of less than Rs 3 crore w.e.f. 11th June 2024
| FD Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 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 | 6.15 | 6.65 |
| 270 days to less than 1 year | 6.25 | 6.75 |
| 1 year | 6.85 | 7.35 |
| 444 days | 7.25 | 7.75 |
| Above 1 year to less than 2 years | 6.85 | 7.35 |
| 2 years to less than 3 years | 6.85 | 7.35 |
| 3 years to less than 5 years | 6.80 | 7.30 |
| 5 years to 10 years | 6.70 | 7.20 |
Note: Rates as of 11th November 2024
Note:
- *Rates applicable only for a single deposit of Rs.5 lakhs & above
- Minimum tenure of the deposit is 15 days for deposits below Rs 5 lakhs
- Additional senior citizen interest rates of 0.50% are applicable to only domestic deposits
Looking for Higher FD rates? Book an FD @7% p.a. and get a lifetime free credit card
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The maturity value depends on the tenure of the fixed deposit, amount and type of FD chosen, i.e., cumulative and non-cumulative
Under non-cumulative FD, Canara Bank offers monthly, quarterly, half-yearly and annual options for tenures of 15 days to 120 months.
In case of cumulative FD, also known as Kamadhenu Deposit (Re-investment Plan), the interest is compounded quarterly and the interest component remains invested until maturity. The tenure for Kamadhenu Deposit varies from 5 months to 120 months.
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Benefits of Using Canara Bank FD Calculator
Free of Cost
Canara Bank FD Calculator is free of cost and can be used several times for comparing and analysing returns for various combinations of FD tenure, interest rates and principal amount.
Time Saving
Canara Bank Fixed Deposit Calculator is automated and hence, makes the calculation process easier and time saving which reduces the chances of human errors. Manually calculating the maturity value is laborious, time consuming and more prone to errors.
Know Your Returns in Advance
Individuals can use the Canara Bank FD Calculator to have a rough idea of their FD earnings even before opening the FD account. This helps them in making an informed financial decision based on their liquidity requirements and cash flows.
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