Canara Bank FD Calculator

Canara Bank Fixed Deposits Explained

The Canara Bank FD calculator above applies the quarterly compounding Canara Bank uses, so the maturity figure matches the bank's own working. Following the amalgamation of Syndicate Bank into it on 1 April 2020, Canara operates one of the largest public sector branch networks in India with particular depth across Karnataka and the south, and its deposit range is unusually broad for a public sector bank — including a flexible-withdrawal variant most peers do not offer.

Canara Bank FD Schemes You Can Open

Canara Bank's deposit family is worth knowing by name, because the flexible variants behave quite differently from a plain deposit:

• •Canara Fixed Deposit — The standard non-cumulative deposit, paying interest at monthly or quarterly intervals rather than reinvesting it.
• •Kamadhenu Deposit — The reinvestment variant, where interest is compounded quarterly and paid with the principal at maturity. This is the structure the calculator above models.
• •Flexible / partial-withdrawal deposit — Canara has offered a flexible variant permitting partial withdrawal in units without closing the account, so a short cash need need not cost you the contracted rate on the whole balance. Confirm the current name and terms at a branch.
• •Tax-saving deposit (5-year) — The five-year lock-in deposit qualifying under Section 80C. No premature closure, no loan against it.

Canara Bank FD Tenure Slabs and Deposit Rules

Tenure decides how the interest is worked out, not just how long the money is tied up. Below roughly six months there is no completed quarter, so interest is simple; past that it compounds quarterly.

How to Check Canara Bank FD Interest Rates

Canara Bank FD rates are quoted per tenure slab and revised as policy and funding needs shift, so a one-year and a three-year deposit opened on the same morning can price differently.

Canara Bank publishes its domestic term deposit card on canarabank.com and inside the ai1 mobile app, which consolidated what were previously several separate Canara applications. Rates are quoted per tenure slab with a separate senior citizen column, and special-tenure buckets appear alongside the standard slabs when open.

Take the current Canara Bank fixed deposit rates for your exact tenure from the official card, then enter that number above.

What Is Specific to a Canara Bank FD

• •A partial-withdrawal facility on a term deposit is uncommon among public sector banks and is worth asking about specifically at the counter.
• •Kamadhenu is the reinvestment variant, a long-standing piece of Canara branding; a plain Canara Fixed Deposit pays interest out instead, so the two return different amounts at the same rate.
• •Former Syndicate Bank branches now operate under Canara IFSC codes.
• •Senior citizens receive the standard increment across eligible tenures.
• •The ai1 app handles opening, renewal and closure, and shows the accumulated value of running deposits.

Enter the rate Canara Bank quotes for your chosen tenure above to see the exact maturity value and the year-by-year accrual of interest.

Compare lenders on the master FD calculator, or a monthly commitment on the RD calculator.