Canara offers up to 7.03% p.a. · Federal up to 6.70% p.a. · Side-by-side across all tenures, general & senior citizen rates.
Highlighted cells show the higher rate for each tenure. Dataset refreshed 1 Oct 2026.
| Tenure | Canara | Federal | ||
|---|---|---|---|---|
| General | Senior | General | Senior | |
| 6 months | 6.28% | 5.85% | 5.50% | 6.00% |
| 1 year | 6.85% | 6.85% | 6.40% | 6.90% |
| 2 years | 6.78% | 6.85% | 6.50% | 7.00% |
| 3 years | 6.88% | 6.75% | 6.50% | 7.00% |
| 5 years | 7.03% | 6.75% | 6.40% | 6.90% |
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 →
Canara is a public sector bank; Federal is a private sector bank. Both are RBI-regulated with DICGC deposit insurance up to ₹5 lakh. Canara holds a slim rate advantage right now. For most depositors the difference is modest; branch proximity and existing banking relationships are equally worth weighing.
This is informational only — always verify the current rate on the bank's official website and consult a financial adviser for personalised guidance.
Canara Bank currently offers a higher maximum FD rate of 7.03% p.a., compared to 6.70% p.a. from Federal Bank (as of 1 Oct 2026).
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.
Federal Bank offers 6.40% p.a. for general depositors on 1-year FDs, and 6.90% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Federal Bank's official website before investing.
Yes. Both Canara Bank and Federal 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.
Yes, both banks offer additional interest for senior citizens (aged 60 and above), typically 0.25%–0.50% p.a. above the general rate. Canara Bank's 1-year senior rate: 6.85% p.a. Federal Bank's 1-year senior rate: 6.90% p.a.
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).
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