Canara Bank FD Interest Rates 2026: Updated Rate Card
11 June 2026 · Sachin Gadekar
Complete and updated Canara Bank FD interest rates for 2026 -tenure-wise rate table, senior citizen and super senior citizen rates, the 444-day special scheme, tax-saving FD details, post-tax return calculations, and how Canara Bank FD rates compare to other PSU banks and high-yield alternatives.
Canara Bank is one of India's largest public sector banks, with a deposit base that makes it a default choice for millions of conservative savers across the country. Its fixed deposit products are widely used for capital safety, retirement income, and emergency fund allocation — backed by government ownership and DICGC insurance coverage up to ₹5 lakhs per depositor.
Canara Bank FD interest rates in 2026 reflect the broader rate cycle following the RBI's 2025 repo rate cuts — but Canara Bank has also maintained one of the more competitive special scheme structures among PSU banks, with its 444-day deposit continuing to offer above-standard rates across all depositor categories.
This article provides the complete, updated Canara Bank FD interest rates for 2026 — covering all tenures, senior citizen and super senior citizen rates, the 444-day special scheme, tax-saving FDs, and a clear post-tax return analysis for HNI investors.
Canara Bank FD Interest Rates 2026: General Public (Below ₹3 Crore)
The following Canara Bank FD interest rates for 2026 apply to regular (non-senior) depositors on amounts below ₹3 crore, effective from the bank's latest rate revision.
| Tenure | Canara Bank FD Interest Rate 2026 (p.a.) | Interest Payout Options |
|---|---|---|
| 7 days to 45 days | 4.00% | At maturity |
| 46 days to 90 days | 5.25% | At maturity |
| 91 days to 179 days | 5.50% | At maturity |
| 180 days to 269 days | 6.15% | Monthly / Quarterly / At maturity |
| 270 days to less than 1 year | 6.25% | Monthly / Quarterly / At maturity |
| 1 year | 6.85% | Monthly / Quarterly / At maturity |
| Above 1 year to less than 2 years | 6.85% | Monthly / Quarterly / At maturity |
| 2 years to less than 3 years | 6.85% | Monthly / Quarterly / At maturity |
| 3 years to less than 5 years | 6.80% | Monthly / Quarterly / At maturity |
| 5 years to 10 years | 6.70% | Monthly / Quarterly / At maturity |
Note: Canara Bank FD interest rates 2026 are subject to revision at the bank's discretion based on RBI policy rate movements. Always verify current rates at Canara Bank's official website (canarabank.com) or at your nearest branch before booking a deposit.
Key highlights of Canara Bank FD interest rates in 2026:
The 1-year Canara Bank FD rate of 6.85% is among the most competitive 1-year rates in the PSU bank segment
Canara Bank FD interest rates for 2026 remain flat at 6.85% across the 1 to 3-year tenure band a relatively rare structure where the bank does not reduce rates for longer commitments in this range
Short-tenure Canara Bank FD interest rates (below 6 months) range from 4.00% to 5.50% meaningfully lower than the 1-year rate
The 5–10 year tenure offers 6.70% the lowest rate in the standard long-tenure band
Canara Bank FD Interest Rates 2026: Senior Citizens (60+ Years)
Senior citizens aged 60 years and above receive an additional 0.50% per annum on Canara Bank FD interest rates for deposits below ₹3 crore, with the premium applying across most tenure bands.
| Tenure | General Rate | Senior Citizen Premium | Canara Bank FD Rate for Senior Citizens 2026 |
|---|---|---|---|
| 180 days to 269 days | 6.15% | +0.50% | 6.65% |
| 270 days to less than 1 year | 6.25% | +0.50% | 6.75% |
| 1 year | 6.85% | +0.50% | 7.35% |
| Above 1 year to less than 2 years | 6.85% | +0.50% | 7.35% |
| 2 years to less than 3 years | 6.85% | +0.50% | 7.35% |
| 3 years to less than 5 years | 6.80% | +0.50% | 7.30% |
| 5 years to 10 years | 6.70% | +0.50% | 7.20% |
The Canara Bank FD interest rate for senior citizens on the 1-year, 1–2 year, and 2–3 year tenures is 7.35% among the highest standard rates available for senior depositors among PSU banks in 2026. Senior citizens also receive a quarterly interest payout option specifically designed for retirement income planning.
Canara Bank FD Interest Rates 2026: Super Senior Citizens (80+ Years)
Canara Bank offers an additional premium for super senior citizens depositors aged 80 years and above over and above the senior citizen rate, available on select special schemes.
| Scheme | Senior Citizen Rate | Super Senior Premium | Canara Bank FD Rate for Super Senior Citizens 2026 |
|---|---|---|---|
| 444-Day Special FD | 7.75% | +0.10%–0.15% | Up to 7.85%–7.90% |
| 555-Day Special FD | 7.10% | +0.10% | Up to 7.20% |
| Standard tenures (1–10 years) | 7.20%–7.35% | Not applicable on standard tenures | Same as senior citizen rate |
Important: Unlike some PSU banks that offer a blanket super senior citizen premium across all tenures, Canara Bank's super senior citizen benefit is concentrated in the 444-day and 555-day special schemes — an additional 0.10% over the senior citizen rate on these specific products. For standard tenure deposits, super senior citizens earn the same rate as regular senior citizens (60–80 years).
Canara Bank 444-Day Special FD Scheme 2026
The Canara Bank 444-day special fixed deposit is the bank's flagship high-yield scheme and consistently offers the highest Canara Bank FD interest rate available in 2026 across all depositor categories.
| Depositor Category | 444-Day Special Rate | Standard 1-Year Canara Bank FD Rate | Premium Over Standard |
|---|---|---|---|
| General Public | 7.25% | 6.85% | +0.40% |
| Senior Citizens (60+ years) | 7.75% | 7.35% | +0.40% |
| Super Senior Citizens (80+ years) | Up to 7.85%–7.90% (non-callable) | 7.35% | +0.50%–0.55% |
The 444-day scheme is the best Canara Bank FD interest rate available in 2026 for each depositor category offering 40 basis points above the standard 1-year rate. Super senior citizens earn up to 7.85%–7.90% on the non-callable variant of this scheme, making it the highest Canara Bank FD rate in 2026.
How to open: Available at any Canara Bank branch or via Canara ai1 mobile banking app and internet banking. Standard KYC documentation required. Both callable (premature withdrawal allowed with penalty) and non-callable (no premature withdrawal, slightly higher rate) variants are available.
Always verify current availability: Special schemes are subject to periodic review and may be modified or withdrawn. Confirm that the 444-day scheme is still active at the prevailing rate before booking.
Other Canara Bank FD Schemes: Kamadhenu, Green Deposit, Ashraya
Beyond the standard rate card and the 444-day scheme, Canara Bank offers several other fixed deposit products relevant to specific investor needs:
Canara Kamdhenu Deposit: A reinvestment FD scheme with tenure ranging from 5 months to 120 months. Interest is compounded quarterly and paid at maturity making it suitable for investors who want compounding growth rather than periodic income. Canara Bank FD interest rates 2026 under this scheme align with the standard rate card for the chosen tenure, with the compounding effect providing a marginally higher effective yield than simple-interest FDs of the same tenure.
Canara Green Deposit Scheme: A thematic fixed deposit where funds are deployed toward eco-friendly projects renewable energy and sustainable infrastructure. Available for tenures of 1111 days, 2222 days, and 3333 days. Interest rates are aligned with the standard rate card for comparable tenures. This scheme is relevant for ESG-conscious investors who want their deposit allocation to have a stated sustainability mandate, without sacrificing the safety profile of a regular Canara Bank FD.
Canara Ashraya Deposit Scheme: A special fixed deposit scheme exclusively for senior citizens, offering the senior citizen premium rate with flexible tenure from 15 days to 120 months and multiple interest payout options (monthly, quarterly, half-yearly).
Canara Bank Tax-Saving FD 2026
Canara Bank offers a 5-year tax-saving fixed deposit under the Canara Tax Saver Scheme, qualifying for deduction under Section 80C of the Income Tax Act up to ₹1.5 lakh per financial year.
Key features of Canara Bank Tax-Saving FD:
Tenure: Exactly 5 years (mandatory lock-in)
Interest rate: Aligned with Canara Bank's standard 5-year FD rate 6.70% for general public; 7.20% for senior citizens in 2026 (some sources cite a specific Tax Saver rate of 6.70% for general public)
80C deduction: Investment up to ₹1.5 lakh qualifies for deduction under the old tax regime
Tax on interest: Interest earned remains taxable at slab rate the 80C benefit applies only to the principal invested
Minimum deposit: ₹1,000
Premature withdrawal: Not permitted except in case of the depositor's death
Interest payment: Monthly, quarterly, or compounded quarterly options available
Tax-saving FD vs PPF comparison for HNIs: The Canara Bank tax-saving FD at 6.70% is fully taxable interest post-tax at 30% yields only 4.64%. PPF at 7.1% is fully tax-free (EEE status) significantly superior for investors in the 30%+ bracket. For HNIs, tax-saving FDs remain the least efficient 80C instrument relative to PPF, EPF, and ELSS.
Canara Bank FD Rates for Deposits Above ₹3 Crore
Canara Bank FD interest rates for bulk deposits (₹3 crore to ₹10 crore and above) are structured differently from the retail rate card and notably, the bulk deposit rate card for general citizens shows lower rates than the retail card for several tenures, with rates such as 6.60% on the 1-year tenure (versus 6.85% retail) as of the late-2025 revision.
Investors with large surplus capital above ₹3 crore deploying in Canara Bank FDs should request the current bulk deposit rate card directly from their branch or relationship manager, as these rates are subject to more frequent revision and negotiation based on amount and tenure.
Post-Tax Returns on Canara Bank FD: What You Actually Earn
Canara Bank FD interest is taxed as income at the investor's applicable slab rate no preferential tax treatment. This significantly reduces the effective return for HNIs.
| Annual Income | Effective Tax Rate | Canara Bank FD Gross Rate | Tax Deducted | Post-Tax Return | Real Return vs 4.5% Inflation |
|---|---|---|---|---|---|
| Up to ₹7 Lakhs (new regime zero tax) | 0% | 6.85% | 0% | 6.85% | +2.35% |
| ₹7–12 Lakhs | ~10% | 6.85% | 0.69% | 6.17% | +1.67% |
| ₹12–24 Lakhs (20% slab) | ~20% | 6.85% | 1.37% | 5.48% | +0.98% |
| ₹24–50 Lakhs (30% slab) | 31.2% | 6.85% | 2.14% | 4.71% | +0.21% |
| ₹50L–₹1 Crore | 34.32% | 6.85% | 2.35% | 4.50% | 0.00% (at inflation) |
| ₹1–2 Crore | 35.88% | 6.85% | 2.46% | 4.39% | -0.11% (below inflation) |
The critical insight for HNIs: At income above ₹50 lakhs, the Canara Bank FD interest rate of 6.85% delivers an essentially zero or negative real post-tax return your money is nominally safe but not building wealth after tax and inflation. For investors in these brackets, Canara Bank FDs are appropriate primarily as an emergency buffer (₹5 lakhs per bank, DICGC-covered) rather than as a primary income-generating instrument.
TDS on Canara Bank FD: Canara Bank deducts TDS at 10% if total annual interest from a single source exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G (non-seniors below taxable income) or Form 15H (senior citizens below taxable income) at the start of each financial year to avoid TDS deduction.
How to Open a Canara Bank FD in 2026
Online (Canara ai1 App / Internet Banking):
Log in to the Canara ai1 mobile app or Canara Bank internet banking
Navigate to "Deposits" → "Open Fixed Deposit"
Select tenure, amount, scheme (standard / 444-day / Kamadhenu / Green Deposit), and interest payout option
Review the applicable Canara Bank FD interest rate for your chosen tenure
Confirm funds are debited from your linked savings account and FD receipt is generated digitally
Offline (Branch):
Visit nearest Canara Bank branch
Carry PAN, Aadhaar, passport photo, and existing Canara Bank account details
Fill FD application form with tenure, amount, scheme, and nominee details
Submit FD receipt issued at the branch
Minimum deposit: ₹1,000 for most tenures and schemes
Maximum deposit: No maximum for regular FDs below ₹3 crore; bulk deposits (₹3 crore and above) follow a separate rate card
Premature Withdrawal and Loan Against FD
Premature withdrawal: Canara Bank allows premature withdrawal on callable FDs, subject to a penalty of up to 1% on the applicable interest rate. Non-callable deposits, which offer slightly higher rates, do not permit premature withdrawal (except in case of the depositor's death).
Exception: Canara Tax Saver Scheme FDs (5-year lock-in) cannot be withdrawn before maturity under any circumstances except depositor death.
Loan against Canara Bank FD:
Canara Bank offers loans up to 90% of the FD value against FD as collateral
The loan facility is not available on Tax Saver Scheme deposits
No need to break the FD useful for short-term liquidity needs while the FD continues to earn its locked-in rate
Canara Bank FD vs Other PSU Banks: Rate Comparison
| Bank | 1-Year FD Rate (General) | Senior Citizen Rate | Best Special Scheme Rate |
|---|---|---|---|
| Canara Bank | 6.85% | 7.35% | 7.25%–7.90% (444-day scheme) |
| Bank of India (BOI) | 6.80% | 7.30% | 7.25%–7.90% (Star Dhan Vriddhi, 333 days) |
| State Bank of India (SBI) | 6.60% | 7.10% | 6.60% standard |
| Punjab National Bank (PNB) | 6.60% | 6.90% | 6.60% (no active special scheme) |
| Bank of Baroda | 6.60% | 7.10% | 7.15% (400-day Baroda Tiranga scheme) |
| Union Bank of India | 6.50% | 7.00% | 7.05% (special tenure) |
Canara Bank FD interest rates in 2026 are among the most competitive in the PSU bank segment the 1-year rate of 6.85% is at or above every other major PSU bank, and the 444-day special scheme rate is one of the highest special-scheme rates available across the public sector banking space.
Canara Bank FD vs Higher-Yield Alternatives
While Canara Bank FD interest rates in 2026 are competitive within the PSU bank category, investors seeking meaningfully higher post-tax returns should understand what alternatives deliver.
| Instrument | Gross Yield | Post-Tax (30%) | vs Canara Bank FD Advantage | Key Trade-off |
|---|---|---|---|---|
| Canara Bank FD (1-year, baseline) | 6.85% | 4.71% | — | Baseline — fully liquid with penalty, DICGC to ₹5L |
| AA Corporate NCD (monthly payout) | 9.5%–10.5% | 6.65%–7.35% | +1.9%–2.6% | Credit risk on issuer; listed liquidity |
| Invoice Discounting (large corporate/PSU buyers) | 11%–13% | 7.70%–9.10% | +3.0%–4.4% | 30–90 day lock-in; buyer credit risk |
| Asset Leasing (solar/commercial vehicles) | 11%–15% | 7.70%–10.50% | +3.0%–5.8% | 24–60 month lock-in; lessee + asset risk |
| Tax-Free PSU Bonds (secondary market) | 5.5% YTM (tax-free) | 5.50% (no tax) | +0.79% | 5–10 year remaining tenure; capital loss at maturity |
| RBI Floating Rate Savings Bond | 8.05% | 5.64% | +0.93% | 7-year lock-in; sovereign safe; non-transferable |
The post-tax advantage of moving from Canara Bank FDs to higher-yield alternatives is substantial. On ₹10 lakhs at 30% tax bracket, the difference between Canara Bank FD (₹47,100 post-tax annually) and invoice discounting at 12% (₹84,000 post-tax annually) is ₹36,900 per year from the same corpus. Over 5 years, this compounds to approximately ₹2.3 lakhs in additional wealth purely from instrument selection.
For investors who need the liquidity and simplicity of FDs for their emergency buffer, Canara Bank FDs are appropriate. For surplus capital beyond the emergency buffer consider the alternatives above.
FAQs
Q1. What are the current Canara Bank FD interest rates in 2026?
The current Canara Bank FD interest rates for 2026 are: 1-year FD 6.85% for general public, 7.35% for senior citizens (60+ years). The 1–2 year and 2–3 year tenures also offer 6.85% general / 7.35% senior. Under the 444-day special scheme: 7.25% general, 7.75% senior citizens, and up to 7.85%–7.90% for super senior citizens on the non-callable variant. Rates below 6 months range from 4.00% to 5.50%.
Q2. What is the highest Canara Bank FD interest rate in 2026?
The highest Canara Bank FD interest rate in 2026 is up to 7.85%–7.90% available to super senior citizens (80+ years) on the non-callable variant of the 444-day special scheme. For general depositors, the highest rate is 7.25% under the same scheme. For the standard rate card, the peak is 6.85% (general public) across the 1 to 3-year tenure band.
Q3. What is the Canara Bank FD interest rate for senior citizens in 2026?
Senior citizens (60+ years) receive an additional 0.50% over standard rates on most Canara Bank FD tenures of 180 days or more. For 2026, the senior citizen rate on a 1-year FD is 7.35% the same rate applies across the 1, 1–2, and 2–3 year tenures. Under the 444-day special scheme, senior citizens earn 7.75%.
Q4. Does Canara Bank offer extra interest for super senior citizens (80+)?
Yes, but only on specific schemes. Canara Bank's super senior citizen benefit (an additional 0.10%–0.15% over the senior citizen rate) is concentrated in the 444-day and 555-day special schemes not applied as a blanket premium across all standard tenures. On the 444-day scheme, super senior citizens can earn up to 7.85%–7.90% on the non-callable variant.
Q5. What is the Canara Bank 444-day FD scheme interest rate in 2026?
The Canara Bank 444-day special FD scheme offers 7.25% for general public, 7.75% for senior citizens, and up to 7.85%–7.90% for super senior citizens (80+) on the non-callable variant in 2026. This is consistently the highest Canara Bank FD interest rate available across all depositor categories a 0.40% premium over the standard 1-year rate.
Q6. How does Canara Bank FD compare to other PSU bank FDs in 2026?
Canara Bank FD interest rates for 2026 are among the most competitive in the PSU segment. The 1-year Canara Bank FD rate of 6.85% is higher than SBI (6.60%), PNB (6.60%), Bank of Baroda (6.60%), and Union Bank (6.50%), and slightly above Bank of India (6.80%). For senior citizens, Canara Bank's 7.35% on the 1-year tenure is also among the higher PSU bank rates.
Q7. What is the post-tax return on Canara Bank FD for a 30% taxpayer?
On a 1-year Canara Bank FD at 6.85% gross, a taxpayer in the 31.2% effective bracket (income ₹24–50 lakhs) earns 4.71% post-tax only marginally above the 4.5% inflation rate (+0.21% real). For investors with income above ₹50 lakhs, the post-tax return on Canara Bank FD falls to roughly the inflation rate or below it, making FDs unsuitable as a primary income instrument for HNIs beyond the emergency buffer.
Disclaimer
Canara Bank FD interest rates 2026 mentioned in this article are based on publicly available Canara Bank rate communications and third-party rate aggregators as of the bank's latest rate revision. Rates are subject to change without notice and Canara Bank revises FD rates periodically based on RBI policy and market conditions. Always verify current Canara Bank FD interest rates directly at canarabank.com or your nearest Canara Bank branch before booking a deposit.