Canara vs HDFC FD Rates October 2026

Canara offers up to 7.03% p.a. · HDFC up to 6.50% 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 6.85% vs 6.25%
Savings account Canara
Tenure Canara HDFC
GeneralSenior GeneralSenior
6 months 6.28% 5.85% 5.50% 6.00%
1 year 6.85% 6.85% 6.25% 6.75%
2 years 6.78% 6.85% 6.45% 6.95%
3 years 6.88% 6.75% 6.45% 6.95%
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 →

Savings Account Rates

Canara
2.70% p.a.
vs
HDFC
—

Which bank should you choose?

Canara is a public sector bank; HDFC is a private 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

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 →

HDFC Bank

Type
Private Sector Bank
HQ
Mumbai
Est.
1994
Best FD rate
6.50% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
HDFC deposit rates →

Frequently Asked Questions

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

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

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.

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

HDFC 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 HDFC Bank's official website before investing.

Are fixed deposits with Canara Bank and HDFC Bank safe?

Yes. Both Canara Bank and HDFC 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 Canara Bank and HDFC 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. Canara Bank's 1-year senior rate: 6.85% p.a. HDFC Bank's 1-year senior rate: 6.75% p.a.

What is the highest FD rate available between Canara Bank and HDFC 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).