Earn 8% interest rate on this Canara Bank special fixed deposit

The interest rate on Canara Bank fixed deposits varies depending on whether the customer is a regular citizen, a senior citizen, or a super senior citizen. FD rates may differ based on whether the FD is callable or non-callable. Canara Bank revised its fixed deposit interest rates on April 5, 2023.

Canara Bank's Special Deposit Scheme offers higher rate of interest at 8% per annum on a tenure of 444 days for super senior citizen customers(above 80).



According to the Bank website, “Additional rate of interest 0.60% for Super Senior Citizen(80 years and above) is introduced under Canara-444 product only i.e. 7.85% for callable deposits and 8% for non callable deposits.”

According to the Canara Bank tweet, “Discover the power of financial security with Canara Bank's Special Deposit Scheme. Benefit from our higher rate of interest at 8% p.a. and watch your savings grow steadily over 444 days.”



Eligibility to avail this offer

• Customers who are super senior citizens can earn 8% interest on fixed deposit for tenure of 444 days.
• As these are non-callable term deposits so these there will not be option for premature withdrawal.
• Minimum investing in non-callable deposit in Canara Bank is above 15 Lakh and below Rs 2 crore.

Senior citizens FD rates (Callable)
Canara Bank offers interest rate between 4 to 7.75% for callable deposits for senior citizens. The highest interest rate of 7.75% is offered on tenure of 444 days.

Senior citizens FD rates (Non- callable)
Canara Bank offers interest rate between 5.30 to 7.90% for callable deposits for senior citizens. The highest interest rate of 7.90% is offered on tenure of 444 days.

Super Senior citizens FD rates (Non- callable)
Canara Bank offers interest rate between 5.40 to 8% for callable deposits for senior citizens. The highest interest rate of 8% is offered on tenure of 444 days.

Non callable deposits
Non callable deposit is a term deposit product wherein premature withdrawal is not allowed during the tenure of the deposit. Overdraft facility not allowed. Note that non-callable deposits should not be used as security/ margin money.

Latest Canara Bank FD rates

	callable	Non-callable
Term Deposits (All Maturities)	Senior Citizen	Senior Citizen
	Rate of Interest (% p.a.) #	Rate of Interest (% p.a.) #
7 Days to 45 Days	4	NA
46 Days to 90 Days	5.25	5.3
91 Days to 179 Days	5.5	5.55
180 Days to 269 Days	6.75	6.8
270 Days to less than 1 Year	7	7.05
1 Year Only	7.5	7.75
444 Days	7.75	7.9
Above 1 Year to less than 2 Years	7.4	7.65
2 Years & above to less than 3 Years	7.35	7.6
3 Years & above to less than 5 Years	7.3	NA
5 Years & above to 10 Years	7.2	NA

Source: Bank website