Rates verified from official source

Canara Bank interest rates · November 2026

Top FD rate
6.75%
555 Days ## · Canara 555
Senior citizen FD
7.25%
555 Days ## · Canara 555
Top RD rate
6.40%
1 Year & above to 1 year 3 months Only (Except 444 days)
Savings rate
4.00%
₹2000 crore & above
Top NRE FD rate
6.75%
555 days
Top FCNR(B) rate
5.05%
USD · 1 year to less than 2 years

Canara FD rates

1 year6.40%Senior 6.90%3 years6.25%Senior 6.75%5 years6.25%Senior 6.75%
All tenures, calculator and comparison →

What will my FD earn at Canara?

Estimated value after 1 year · before tax ₹5,32,776 6.40% p.a. · ₹32,776 interest · quarterly compounding
Compare 1 year across banks → Save or plan this →

Plan your recurring deposit at Canara

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Before opening an RD

Estimates assume on-time monthly installments and quarterly compounding. Confirm the term, minimum installment, late payment rules, and early closure terms with the bank.

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Overview

Canara Bank (Canara) is a nationalised public sector bank, headquartered in Bengaluru, established in 1906. Its headline 1-year FD rate of 6.40% is 0.15% above the public sector average of 6.25%, ranking #710 of 1033 banks on RateScan.in.

Headquarters
Bengaluru
Established
1906
Branches
~9,500 approx.
ATMs
~10,000 approx.
Total business
~₹22 lakh crore approx.
Monitored since
18 Sept 2026
Ownership
Government of India (majority stakeholder)
Operates in
All India (nationwide)

Figures marked “approx.” are rounded public estimates as of 2024.

Financial health
CRAR
16.28%
Capital adequacy
Net NPA
0.89%
Bad loans (net)
Credit rating CARE, CRISIL, ICRA
AAA
Rating details ↓

Health indicators sourced from official 2025 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.

Rates as of 2 Nov 2026, verified from official source. Majority Government-of-India owned: deposits insured by DICGC up to ₹5,00,000.

RBI record

Every RBI press release since 1 Jan 2024 that names Canara Bank, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.

A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.

  1. RBI fined the bank ₹41.80 lakh

    RBI's reason: “for non-compliance with certain provisions of directions issued by RBI on ‘Know Your Customer (KYC)’ and ‘Unclaimed Deposits / Inoperative Accounts in banks’”

    What RBI found

    “the bank did not upload KYC records of certain customers onto Central KYC Records Registry (CKYCR) within the prescribed timeline. the bank classified certain accounts as inoperative, despite the last customer induced transaction being less than one year old in such accounts.”

    RBI says: “The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2026-2027/398

  2. RBI fined the bank ₹1,63,60,000

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Priority Sector Lending - Targets and Classification’, ‘Interest Rate on Deposits’ and ‘Financial Inclusion - Access to Banking Services - Basic Savings Bank Deposit Account (BSBDA)’”

    What RBI found

    “The bank collected loan related charges in certain Priority Sector loans upto ₹25,000; The bank did not pay any interest on certain Savings Bank Deposit accounts; and The bank simultaneously maintained Savings Bank Deposit accounts and Basic Savings Bank Deposit (BSBD) accounts of same customers.”

    RBI says: “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2024-2025/2002

  3. RBI fined the bank ₹32.30 lakh

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures’, ‘Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs)’ and ‘Resolution Framework - 2.0: Resolution of Covid-19 Related Stress of Individuals and Small Businesses’”

    What RBI found

    “Non-compliance with the aforesaid directions by the bank, to the extent it (i) failed to rectify the rejected data and upload the same with the Credit Information Companies (CICs) within seven days of receipt of such rejection report from the CICs and (ii) restructured certain accounts which were not standard assets as on March 31, 2021 under the extant directions.”

    RBI says: “This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2023-2024/1939

This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.

Branches

11,740 branches in 596 districts

Most branches: Bengaluru Urban 394, Delhi 351, Mumbai 175

From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.

Canara Fixed Deposit rate changes

Changes to Canara's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 18 Sept 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.

9 Nov 2026
▲ 6 raised+0.50 to +0.85 pp
  • 180 Days to 269 Days · ₹10 crore & above · General6.50% → 7.35% 0.85 pp
  • 180 Days to 269 Days · ₹10 crore & above · General6.53% → 7.38% 0.85 pp
  • 270 Days to less than 1 Year · ₹10 crore & above · General6.75% → 7.35% 0.60 pp
Show all 6 changesShow fewer
  • 270 Days to less than 1 Year · ₹10 crore & above · General6.78% → 7.38% 0.60 pp
  • 71 Days to 90 Days · ₹10 crore & above · General6.41% → 6.91% 0.50 pp
  • 71 Days to 90 Days · ₹10 crore & above · General6.44% → 6.94% 0.50 pp
Bank's rate page ↗
2 Nov 2026
▲ 16 raised+0.15 pp
  • 1 Year & above to 1 year 3 months Only (Except 444 days) · General · Above ₹1 crore to below ₹3 crore6.35% → 6.50% 0.15 pp
  • 444 Days ## · General · Above ₹1 crore to below ₹3 crore6.60% → 6.75% 0.15 pp
  • 444 Days ## · General6.50% → 6.65% 0.15 pp
Show all 16 changesShow fewer
  • 1 Year & above to 1 year 3 months Only (Except 444 days) · General6.25% → 6.40% 0.15 pp
  • 555 Days ## · General · Above ₹1 crore to below ₹3 crore6.70% → 6.85% 0.15 pp
  • 555 Days ## · General6.60% → 6.75% 0.15 pp
  • 1 Year & above to 1 year 3 months Only (Except 444 days) · Senior · Above ₹1 crore to below ₹3 crore6.85% → 7.00% 0.15 pp
  • 444 Days ## · Senior · Above ₹1 crore to below ₹3 crore7.10% → 7.25% 0.15 pp
  • 444 Days ## · Senior7.00% → 7.15% 0.15 pp
  • 1 Year & above to 1 year 3 months Only (Except 444 days) · Senior6.75% → 6.90% 0.15 pp
  • 555 Days ## · Senior · Above ₹1 crore to below ₹3 crore7.20% → 7.35% 0.15 pp
  • 555 Days ## · Senior7.10% → 7.25% 0.15 pp
  • 444 Days ## · Super senior · Above ₹1 crore to below ₹3 crore7.20% → 7.35% 0.15 pp
  • 444 Days ## · Super senior7.10% → 7.25% 0.15 pp
  • 555 Days ## · Super senior · Above ₹1 crore to below ₹3 crore7.30% → 7.45% 0.15 pp
  • 555 Days ## · Super senior7.20% → 7.35% 0.15 pp
Bank's rate page ↗
29 Oct 2026
▲ 4 raised+0.10 to +0.15 pp
  • 1 year · General7.60% → 7.75% 0.15 pp
  • 366–456 days · General7.60% → 7.75% 0.15 pp
  • 1 year · General7.55% → 7.65% 0.10 pp
Show all 4 changesShow fewer
  • 366–456 days · General7.55% → 7.65% 0.10 pp

Showing the latest 26 of 37 recorded changes.

See all Canara rate changes →

Compare Canara with other banks

See Canara FD rates side by side against India's top banks.

Canara vs SBICanara vs PNBCanara vs BoBCanara vs UnionCanara vs BOICanara vs HDFCCanara vs ICICICanara vs AxisCanara vs KotakCanara vs IndusIndCanara vs YesCanara vs IDFC FirstCanara vs FederalCanara vs BandhanCanara vs RBLCanara vs AUCanara vs EquitasCanara vs Ujjivan

Credit rating

What independent credit rating agencies say about Canara Bank. Every rating links to the document it comes from, so you can check it yourself.

AAA
Headline rating
Basel III Tier II bonds · CARE, CRISIL, ICRA · Stable
Highest safety: lowest credit risk
Latest rating action: 31 Mar 2026
AgencyInstrument RatingOutlook PublishedSource
CARE Basel III Tier II bonds
As listed in the bank's half-yearly debt-securities statement for 31 March 2026
 AAA Stable Listed by bank
31 Mar 2026
 Exchange filing
CRISIL Basel III Tier II bonds ₹3,000 cr AAA Stable Reaffirmed
18 Feb 2026
 Agency rationale
ICRA Basel III Tier II bonds ₹11,500 cr
New ₹5,000 crore issue assigned; ₹6,500 crore reaffirmed
 AAA Stable Assigned
13 Feb 2026
 Agency rationale
CRISIL Infrastructure / long-term bonds ₹10,000 cr AAA Stable Reaffirmed
18 Feb 2026
 Agency rationale
CRISIL Basel III Tier I (AT1) bonds AA+ Stable Reaffirmed
18 Feb 2026
 Agency rationale
CRISIL Certificates of deposit (short-term) ₹65,000 cr A1+ – Reaffirmed
18 Feb 2026
 Agency rationale
ICRA Basel III Tier I (AT1) bonds ₹11,000 cr AA+ Stable Reaffirmed
13 Feb 2026
 Agency rationale
How to read these ratings
  • Scale: AAA is the highest long-term grade (lowest credit risk), then AA (very low risk), A (low risk) and BBB (moderate risk, the lowest investment grade). A + or − moves a grade up or down a notch. Short-term ratings such as A1+ cover obligations of up to a year.
  • Outlook: Stable, Positive or Negative is the agency's view of where the rating is likely to go over the next one to two years. Rating watch means the agency is reviewing the rating after a specific event, such as a change of owner.
  • Instrument: a rating belongs to a specific instrument, not to the whole bank. Tier I (AT1) and Tier II bonds can be written down if the RBI declares a bank non-viable, so they are usually rated no higher than the bank's deposits.
  • Headline grade: we use the rating on fixed deposits where an agency gives one; otherwise the issuer or Tier II rating. We take each agency's latest rating and show the lowest, so the headline is never more generous than any agency's latest view.
  • A rating is an opinion about the ability to repay on time. It is not a guarantee or a recommendation. Whatever the rating, deposits in a bank are insured by DICGC up to ₹5 lakh per depositor per bank (principal and interest together).

Sources: we list a rating only when we can point to the document that states it: the agency's own rating rationale, the bank's Regulation 30 filing on the NSE or BSE, a rating letter, or the bank's own rating page. A weekly automated check re-opens each linked document to confirm it still shows the grade and scans stock-exchange announcements for new rating filings. Last checked: 9 Nov 2026.

Check it yourself: CRISIL · ICRA · CARE · India Ratings · Infomerics

Ratings change. Confirm the current rating with the agency before you invest. This is information, not investment advice.

Good to know

  • Deposits with Canara Bank are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
  • Canara is a public sector bank, majority owned by the Government of India. Deposit insurance is still the DICGC cover above.
  • Senior citizens (60+) earn up to 0.50% p.a. more than general customers at Canara, depending on the tenure.
  • Canara's FD table includes 8 special schemes; check eligibility and end dates.
official Effective 2 Nov 2026 · Ingested 18 Sept 2026 · Verified 11 Nov 2026 · View source

Informational only. Always confirm the current rate on the official Canara website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.