You can check here latest Canara bank FD interest rates 2023 and also you can check latest Canara bank saving interest rates 2023.
This is what you are going to learn
UCO bank FD interest rates 2023
Canara bank FD interest rates 2023 for Domestic Term Deposits, are revised with effect from 18th January 2023 and after that there is no official change in Canara bank FD interest rates 2023 from Canara bank ( for reference you can also visit Canara bank official website )
Canara bank FD interest rates 2023 for amount less than 2 crore
Also watch vedio on Canara bank FD interest rates 2023 : Latest Canara bank interest rates
Tips on Fixed deposit before doing FDR
Pro tips –
1. Before investing in Fixed deposit check interest rates for all the tenure as different tenure have different rate of interest. More rate of interest with same or maximum tenure attracts good returns.
Example – one lakh in one year at 7 % gives 7185 rupees interest in one year
and one lakh in two years at 7 % gives 14888 rupees interest in two years or 7444 rupees in one year (this is because interest is paid quarterly). Hence, two year Fixed deposit will be more beneficial
2. Also before investing choose compounding frequency carefully as less compounding frequency attracts more interest. Usually banks offer quarterly compounding frequency but if you get option for monthly frequency than you must opt for monthly compounding frequency.
Lets illustrate this with an example-
Suppose you made a Fixed deposit of rupees one lakh for 1 year with monthly compounding frequency at 7 percent then you will get 7229
And for same amount at quarterly compounding frequency you will get 7185
for half-yearly you will get 7122
for annually frequency you will get 7000
From above example you can choose you compounding frequency
3. Tax on maturity is also one of the major factor which you should keep in mind as this will reduce you maturity amount. On Fixed deposit tax deduction at source is applied by banks quarterly or at period when interest is paid on fixed deposit. So to avoid this you have to submit for 15G/H at the time of opening fixed deposit account and thereafter every year in the month of April every year.
And in another scenario if Tax deduction at source is already deducted on your fixed deposit account than you have to collect TDS certificate from bank or download it from here. After this you need to file your income tax return to claim this deduction.
Canara bank FD interest rates 2023 for amount less than 2 crore
These fixed deposit rates are applicable from 18th January 2023
| Serial Number | Time period for FDR | Canara Bank FD interest rates For Non staff and non senior citizen ( Annualized interest yield per annual ) | Canara Bank FD Interest rates For Non staff and non Senior citizen ( rate of interest per annual ) | Existing Canara FD rates for senior citizen ( Annualized interest yield per annual ) | Existing Canara FD rates for senior citizen ( Annualized interest rate per annual ) |
| 1 | 7 to 45 Days | 3.29% | 3.25% | 3.29% | 3.25% |
| 2 | 46 to 90 Days | 4.58% | 4.50% | 4.58% | 4.50% |
| 3 | 91 to 179 Days | 4.58% | 4.50% | 4.58% | 4.50% |
| 4 | 180 to less than 1 year | 5.61 % | 5.50% | 6.14 % | 6.0 % |
| 5 | 1 year only | 6.92% | 6.75% | 7.45 % | 7.25% |
| 6 | Above 1 year to less than 2 years | 6.98% | 6.80% | 7.50 % | 7.30% |
| 7 | 2 years and above to less than 3 years | 6.98% | 6.80% | 7.50% | 7.30% |
| 8 | 3 years and above to less than 5 years | 6.66% | 6.50% | 7.19 % | 7.00% |
| 9 | 5 years and above to 10 years | 6.66% | 6.50% | 7.19 % | 7.00% |
Note – Non-callable bulk deposit means you can not withdraw you Fixed deposit before maturity date.
Canara bank FD interest rates 2023 for amount more than 2 crore and amount less than rupees 10 crore
These fixed deposit rates are applicable from 18th January 2023
| Serial Number | Time period for FDR | Canara Bank FD interest rates For callable deposit ( Annualized interest yield per annual ) | Canara Bank FD Interest rates For callable deposit ( rate of interest per annual ) | Canara FD rates for non callable deposit ( Annualized interest yield per annual ) | Canara FD rates for non callable deposit ( Annualized interest rate per annual ) |
| 1 | 7 to 45 Days | 2.93% | 2.90% | na | na |
| 2 | 46 to 90 Days | 3.14% | 3.10% | 3.19% | 3.15% |
| 3 | 91 to 179 Days | 3.39% | 3.35% | 3.44% | 3.40% |
| 4 | 180 to 269 days | 3.39% | 3.35% | 3.44% | 3.40% |
| 5 | 270 days to less than 1 year | 5.88% | 5.75% | 5.93% | 5.80% |
| 6 | 1 year only | 6.14% | 6.00% | 6.29% | 6.15% |
| 7 | Above 1 year to less than 2 years | 6.14% | 6.00% | 6.40% | 6.25% |
| 8 | 2 years and above to less than 3 years | 6.14% | 6.00% | 6.40% | 6.25% |
| 9 | 3 years and above to less than 5 years | 6.14% | 6.00% | 6.40% | 6.25% |
| 10 | 5 years and above to 10 years | 3.44% | 3.40% | 3.70 % | 3.65 % |
Canara bank FD interest rates 2023 for NRE accounts
Canara bank FD interest rates 2023 for NRE accounts for amount less than 2 crore
These Canara bank FD interest rates on NRE accounts are applicable from 18th January 2023
| Serial Number | Time period of maturity ( Maturity period) | Canara bank FD interest rates 2023 ( Yield per annum ) | Canara bank FD interest rates 2023 ( rate per annum ) |
| 1 | 1 year | 6.92 % | 6.75 % |
| 2 | More than 1 Year and up to less than 2 Years | 6.98 %% | 6.80 % |
| 3 | 2 Year and up to less than 3 Years | 6.98 %% | 6.80 % |
| 4 | 3 Years and up to less than 5 years | 6.66 % | 6.50 % |
| 5 | 5 Years and up to 10 Years | 6.66 % | 6.50 % |
Canara bank FD interest rates 2023 for NRE accounts for amount more than 2 crore but less than 10 crore
These Canara bank FD interest rates on NRE accounts are applicable from 18th January 2023
| Serial Number | Time period of maturity ( Maturity period) | Canara bank FD interest rates 2023 ( Yield per annum ) | Canara bank FD interest rates 2023 ( rate per annum ) |
| 1 | 1 year | 6.14 % | 6.00 % |
| 2 | More than 1 Year & above and less than 2 Years | 6.14 % | 6.00 % |
| 3 | 2 Year & above and less than to 3 Years | 6.14 % | 6.00 % |
| 4 | 3 Years & more and less than to 5 years | 6.14 % | 6.00 % |
| 5 | 5 Years & more and up to 10 Years | 3.44 % | 3.40 % |
Note – Canara bank FD interest rates on NRE accounts are applicable to change so do check updated and current Canara bank interest rates from union bank official website.
Canara bank Saving interest rates 2023 for different amount and time period
These Canara bank saving interest rates are applicable from 18th January 2023
| Serial Number | Amount outstanding slab | Canara bank saving interest rate |
| 1 | For amount outstanding is less than 50 lakh rupees | 2.90 % |
| 2 | For amount outstanding is more than 50 lakh rupees and less than 5 crore rupees | 2.90 % |
| 3 | For amount outstanding is more than 10 crore rupees and less than 100 crore rupees | 3.05 % |
| 4 | For amount outstanding is more than 100 crore rupees and less than 200 crore rupees | 3.50 % |
| 5 | For amount outstanding is more than 200 crore rupees and less than 500 crore | 3.10 % |
| 6 | for amount 500 crore and more than 1000 crore | 3.40% |
Always check latest interest rates from Canara bank official website click her to visit website
Also check other useful links of Canara bank below :
Canara bank ATM pin generation process step by step
Frequently asked questions on Canara bank FD interest rates 2023
What is Canara bank non callable bulk deposit?
Canara bank Non callable bulk term deposit in deposit which you can not withdraw before maturity date means their is a lock in period in canara bank non callable deposits and before that lock in period you can not withdraw or close your fixed deposits.
usually lock in period is equal to that of maturity period of fixed deposit.
What is Canara bank callable bulk deposit?
Canara bank Callable bulk deposit is opposite of Canara bank non callable bulk deposit. Which means you can withdraw your Canara bank fixed deposit at any time before maturity subjected to some penalty charges. There is no lock in period in Canara bank callable bulk deposits.
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