Canara Bank Deposit Rates

Canara Bank Fixed Deposit Interest Rate Calculator calculates the interest earned on a fixed deposit with the help of outlined components:

(1) Deposit Amount

It is an amount which an FD account holder wants to invest in the fixed deposit. It is also called principal. It is to be remembered that this amount can be deposited only once hence you have to decide the amount to be invested according to your investment objectives.

(2) Interest Rate

Find Canara Bank NRE FD Interest Rates (as on 27 Feb 2021). The interest rates for below 1 crore and above 1 crore on fixed deposit depend on which category you fall under and your choice between. See full list on bankbazaar.com. Effective Annualized rate of return on Bank’s Re-investment Deposit Plan (Kamadhenu Deposit) is based on quarterly compounding of interest. Bank Offers 5.50% p.a. For Canara Tax Saver Deposit scheme (General Public). Maximum deposit acceptable is Rs 1.50 Lakh. The above Rate of interest is applicable to Recurring deposits also.

It is the rate of interest offered by the bank where you open the FD. It differs for different tenures. Once FD is opened for a specific tenure then the interest rate will remain the same for the whole tenure.

Interest Rates - Canara Bank

(3) Term of Deposit (FD Tenure)

It is the duration for which the amount is invested in an FD which may vary from 7 days to 10 years. In the calculator, you can select the tenure in days, months or year.

Canara Bank India Fixed Deposit Rates

(4) Compounding of Interest

Interest can be compounded on monthly, quarterly, half yearly or annual basis. It can be a simple interest as well. You need to enter it based on the offer by the bank.

Make saving habit a rewarding recurring habit...

Ideal for convenient savings.
Enables to build up a sizeable capital in a regular and systematic way.
Amount of Deposit

• As low as Rs.50/- per month ( in multiples of Rs. 50/-)
• No ceiling on maximum amount..

High Returns

• Attractive rates as applicable from time to time.
• Interest compounded every quarter

Easy liquidity
Closure before maturity

• Loan against deposit permissible.

Nomination facility
Available

• Canara Dhanvarsha a flexible Recurring Deposit with facility to deposit additional instalments in a month and earn contracted rate of interst for additional installments also

See Full List On Etmoney.com

Scheme available at all branches.
Open a Recurring Deposit Account at our nearest branch and fulfill your future plans.