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 |
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| Term Deposits (All Maturities) |
General Public |
Senior Citizen |
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| 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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