Axis vs Canara FD Rates October 2026

Axis offers up to 6.50% p.a. · Canara up to 7.03% p.a. · Side-by-side across all tenures, general & senior citizen rates.

FD Rate Comparison — All Tenures

Highlighted cells show the higher rate for each tenure. Dataset refreshed 1 Oct 2026.

1-year FD winner Canara 6.25% vs 6.85%
Savings account Canara 2.50% vs 2.70%
Tenure Axis Canara
GeneralSenior GeneralSenior
6 months 5.50% 6.00% 6.28% 5.85%
1 year 6.25% 6.75% 6.85% 6.85%
2 years 6.50% 7.00% 6.78% 6.85%
3 years 6.50% 7.00% 6.88% 6.75%
5 years 6.50% 7.25% 7.03% 6.75%

Rates for retail deposits below ₹3 crore. Senior citizen rate typically +0.25–0.50% p.a. Green cells show the higher general rate for each tenure. Calculate your maturity amount →

Savings Account Rates

Axis
2.50% p.a.
vs
Canara
2.70% p.a.

Which bank should you choose?

Axis is a private sector bank; Canara is a public sector bank. Both are RBI-regulated with DICGC deposit insurance up to ₹5 lakh. On current data, Canara leads on headline FD rates by 0.53 percentage points — a meaningful difference for larger deposit amounts or longer tenures. Always verify the exact rate on the bank's official website before committing.

This is informational only — always verify the current rate on the bank's official website and consult a financial adviser for personalised guidance.

About These Banks

Axis Bank

Type
Private Sector Bank
HQ
Mumbai
Est.
1993
Best FD rate
6.50% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
Axis deposit rates →

Canara Bank

Type
Public Sector Bank
HQ
Bengaluru
Est.
1906
Best FD rate
7.03% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
Canara deposit rates →

Frequently Asked Questions

Which bank gives a higher FD interest rate — Axis Bank or Canara Bank?

Canara Bank currently offers a higher maximum FD rate of 7.03% p.a., compared to 6.50% p.a. from Axis Bank (as of 1 Oct 2026).

What is Axis Bank's current 1-year FD interest rate?

Axis Bank offers 6.25% p.a. for general depositors on 1-year FDs, and 6.75% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Axis Bank's official website before investing.

What is Canara Bank's current 1-year FD interest rate?

Canara Bank offers 6.85% p.a. for general depositors on 1-year FDs, and 6.85% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Canara Bank's official website before investing.

Are fixed deposits with Axis Bank and Canara Bank safe?

Yes. Both Axis Bank and Canara Bank are regulated by the Reserve Bank of India (RBI). Deposits at both banks are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5,00,000 per depositor per bank, covering principal and interest combined. Amounts above ₹5 lakh are not covered by deposit insurance.

Do Axis Bank and Canara Bank offer higher FD rates for senior citizens?

Yes, both banks offer additional interest for senior citizens (aged 60 and above), typically 0.25%–0.50% p.a. above the general rate. Axis Bank's 1-year senior rate: 6.75% p.a. Canara Bank's 1-year senior rate: 6.85% p.a.

What is the highest FD rate available between Axis Bank and Canara Bank?

The highest rate between the two is 7.03% p.a. from Canara Bank for the 5 years to 10 years tenure (general public, retail deposits below ₹3 crore, as of 1 Oct 2026).