Canera Bank Fixed Deposit Rate: Canara Bank has shocked its millions of customers at the beginning of the month of June. Canara Bank has reduced interest on FDs of one year and more than 3 years but less than 5 years. The bank has reduced the interest of 0.25 per cent on FD. RBI is going to announce the repo rate soon. Before that, the bank is reducing the interest rates on FD. These new rates have come into force from 1 June 2025.
Canara Bank’s new FD interest rates – 1 June 2025
Canara Bank has reduced interest on FDs of one year and more than 3 years but less than 5 years. The bank has reduced interest by 0.25 per cent on these FDs. Canara Bank has changed the interest rates of fixed deposits (FD) since 21 May 2025. Now the bank is paying 4% interest on FDs from 7 to 45 days and 5.25% interest on 46 to 90 days deposit. At the same time, 5.50% on FD of 91 to 179 days and 6.15% interest on FD of 180 to 269 days.
What is the difference between collar and non -collar FD
Canara Bank has two types of FDs – collar and non -collable. In the option FD, you can withdraw money ahead of time if needed, while non -collar FD is not allowed to withdraw money before maturity. If you remove, you have to pay penalty. Therefore, before getting FD, it is important to understand when and how you may need money.
According to Canara Bank’s website, General and senior citizens are getting interest so much
| Time period |
General citizen |
Senior citizen (Colleable) |
General citizen (Non -collar – 1 crore to 3 crore rupees) |
Senior citizen (Non -collar – 1 crore to 3 crore rupees) |
||||
| Interest Rate (in%) | Interest Rate (Yield) | Interest Rate (in%) | Interest Rate (in%) | Interest Rate (in%) | Interest Rate (in%) | Interest Rate (in%) | Interest Rate (in%) | |
|
7 days to 45 days |
4.00 |
4.06% |
4.00 |
4.06% |
Na |
Na |
Na |
Na |
|
46 days to 90 days |
5.25 |
5.35% |
5.25 |
5.35% |
5.35 |
5.46% |
5.35 |
5.46% |
|
91 days to 179 days |
5.50 |
5.61% |
5.50 |
5.61% |
5.60 |
5.72% |
5.60 |
5.72% |
|
180 days to 269 days |
6.15 |
6.29% |
6.65 |
6.82% |
6.25 |
6.40% |
6.75 |
6.92% |
|
270 days less than 1 year |
6.25 |
6.40% |
6.75 |
6.92% |
6.35 |
6.50% |
6.85 |
7.03% |
|
One year |
6.75 |
6.92% |
7.25 |
7.45% |
6.90 |
7.08% |
7.40 |
7.61% |
|
444 days |
7.00 |
7.19% |
7.50 |
7.98% |
7.40 |
7.61% |
7.90 |
8.14% |
|
More than one year but less than 2 years |
6.85 |
7.03% |
7.35 |
7.56% |
7.00 |
7.19% |
7.50 |
7.71% |
|
More than 2 years but less than 3 years |
6.90 |
7.08% |
7.41 |
7.61% |
7.00 |
7.19% |
7.50 |
7.71% |
|
More than 3 years but less than 5 years |
6.75 |
6.92% |
7.25 |
7.45% |
Na |
Na |
Na |
Na |
|
From more than 5 years to 10 years |
6.70 |
6.87% |
7.20 |
7.40% |
Na |
Na |
Na |
Na |