Canara bank revises FD, savings interest rate: Check latest rates Savings account interest rates vary from 2.70% to 4.00%, depending on the account balance
Canara Bank has revised its fixed deposit (FD) and savings account interest rates, with the new rates effective from May 21, 2025, for FDs, and May 19, 2025, for savings accounts. The fixed deposit rate reduction applies to deposits less than Rs 3 crore.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
Latest Canara BankFD interest rates
Following the revision, interest rates on callable fixed deposits now range between 4% and 7% for general customers, and between 4% and 7.50% for senior citizens. Previously, on April 10, 2025, the rates stood at 4%–7.25% for the general public and 4%–7.75% for senior citizens.Here’s the updated interest rate chart:
CallableTerm Deposits (All Maturities)General PublicSenior CitizenRate of Interest (% p.a.)Rate of Interest (% p.a.) #7 Days to 45 Days4446 Days to 90 Days5.255.2591 Days to 179 Days5.55.5180 Days to 269 Days6.156.65270 Days to less than 1 Year6.256.751 Year Only6.857.35444 Days77.5Above 1 Year to less than 2 Years6.857.352 Years & above to less than 3 Years6.97.43 Years & above to less than 5 Years77.55 Years & above to 10 Years6.77.2
FDs for senior and super senior citizens
Senior citizens receive an additional 0.50% interest for FDs above 180 days and under Rs 3 crore (excluding NRE/NRO and CGA deposits).7.9% rate on 444 day-FD: Check highest interest rate of SBI, Indian Bank, Bank of Baroda and Canara bank
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Super senior citizens (aged 80 and above) benefit from a 0.60% additional interest under the Canara-444 scheme, bringing the rate to 7.60% for callable deposits.
Canara Bank Tax-Saver FD
Under its tax-saving deposit scheme, Canara Bank offers 6.70% per annum to the general public. The maximum investment limit is Rs 1.5 lakh under this scheme.Latest savings account interest rates
Effective May 19, 2025, Canara Bank’s savings account interest rates now range from 2.70% to 4.00%, depending on the account balance:S.No.
SlabsROI(%)1For outstanding Balance of less than Rs. 50 Lakh2.72For outstanding Balance of Rs. 50 Lakh to less than Rs 5 Cr2.753For outstanding Balance of Rs. 5 Cr to less than Rs 10 Cr2.84For outstanding Balance of Rs. 10 Cr to less than Rs 100 Cr3.055For outstanding Balance of Rs. 100 Cr to less than Rs 200 Cr3.56For outstanding Balance of Rs. 200 Cr to less than Rs 300 Cr3.17For outstanding Balance of Rs. 300 Cr to less than Rs 500 Cr3.18For outstanding Balance of Rs. 500 Cr to less than Rs 1000 Cr3.49For outstanding Balance of Rs. 1000 Cr & less than Rs. 2000 Cr3.5510For outstanding Balance of Rs. 2000 Cr & above4 With returns on some deposit slabs dropping by up to 0.25%, savers relying on FDs for stable income may need to reassess their investment approach. This move raises broader questions: Are FDs still worth locking your money into amid falling rates? While FDs remain a safe and predictable option, the declining trend in rates across several banks may signal a shift in the broader interest rate cycle—prompting both conservative and strategic savers to reconsider how they balance safety with returns. #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
This story originally appeared on: India Times - Author:Faqs of Insurances
