Canara Bank FD/KD/RD/NNND/CARD Form PDF

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Canara Bank FD/KD/RD/NNND/CARD Form

This is an Application for open a Fixed Deposit/Recurring Deposit and form.

2. TERM DEPOSITS
A. Domestic Rate of Interest (%) p.a.
  For Deposits less than Rs.2 Crore
w.e.f. 07.05.2020
Term Deposits (All Maturities)

General Public

Senior Citizen

Rate of Interest (% p.a.) Annualised Interest yield ** Rate of Interest (% p.a.) # Annualised Interest yield **
7 days to 45 days*

4.00

4.06%

4.00

4.06%

46 days to 90 days

4.50

4.58%

4.50

4.58%

91 days to 179 days

4.50

4.58%

4.50

4.58%

180 days to less than 1 Year

5.10

5.20%

5.60

5.72%

1 year only

5.75

5.88%

6.25

6.40%

Above 1 year to less than 2 years

5.75

5.88%

6.25

6.40%

2 years & above to less than 3 years

5.75

5.88%

6.25

6.40%

3 years & above to less than 5 years

5.70

5.82%

6.20

6.35%

5 years & above to 10 Years

5.70

5.82%

6.20

6.35%

* Rates are applicable only for single deposit of Rs.5 Lakh & above. Minimum period for renewal of domestic/NRO term deposits is 7 days irrespective of the size of deposit. Below Rs.5 Lakh, Minimum tenor of deposit is 15 Days.

# Additional interest of 0.50% for Senior Citizens is to be made available for Deposits (Other than NRO/NRE and CGA Deposits) less than Rs. 2 Cr and with tenor of 180 Days and above.

** Approximate Annualized Yield in % terms at the beginning of the slab. Effective Annualized rate of return on Bank’s Re-investment Deposit Plan (Kamadhenu Deposit) is based on quarterly compounding of interest.

Bank Offers 5.70 % p.a. for Canara Tax Saver Deposit scheme (General Public). Maximum deposit acceptable is Rs 1.50 Lakh.

The above Rate of interest is applicable to Recurring deposits also.

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