Calculators · Savings & Fixed Income
Canara Bank FD calculator
Use this free Canara Bank FD calculator to work out the maturity amount and interest on a Canara Bank fixed deposit. Canara Bank's official FD interest rates and senior citizen rates are preloaded, with monthly interest, premature withdrawal rules and post-tax returns.
What your FD actually earns
Five calculation modes on one engine — cumulative growth, monthly payout, goal sizing, laddering and loan-against-FD. Every mode shows the post-tax and inflation-adjusted figure beside the headline number, because the headline rate is rarely the one you keep.
Worth is independent and is not affiliated with, or endorsed by, Canara Bank. Rates are taken from Canara Bank's official rate card (17 March 2026), checked on 14 October 2026.
The method
How to calculate Canara Bank FD interest
Canara Bank compounds interest on cumulative fixed deposits quarterly. Pick a tenure in the Canara Bank FD calculator and it applies that tenure's rate, then shows the maturity amount, total interest and what you keep after tax and inflation.
Canara Bank FD interest rates (effective 17 March 2026)
| Tenure | General | Senior citizen |
|---|---|---|
| 7 to 45 days (single deposit of ₹5 lakh or more) | 3.00% | 3.00% |
| 46 to 90 days | 4.00% | 4.00% |
| 91 to 179 days | 4.25% | 4.25% |
| 180 to 269 days | 5.25% | 5.75% |
| 270 days to under 1 year | 5.50% | 6.00% |
| 1 year to 1 year 3 months (except 444 days) | 6.25% | 6.75% |
| 444 days | 6.50% | 7.00% |
| 555 days | 6.60% | 7.10% |
| Above 1 year 3 months to under 2 years (except 555 days) | 6.25% | 6.75% |
| 2 years to under 3 years | 6.25% | 6.75% |
| 3 years to under 5 years | 6.25% | 6.75% |
| 5 years to 10 years | 6.25% | 6.75% |
Canara Bank is a public sector bank, majority-owned by the Government of India. Its deposits are covered by DICGC insurance up to ₹5 lakh per depositor, principal and interest combined. Banks revise rates without notice, so confirm the rate on your deposit advice and enter it in the calculator.
Worked example: Canara Bank FD, 3 years, 30% slab
- Deposit
- ₹5,00,000
- Canara Bank 3-year rate
- 6.25%, compounded quarterly
- Period
- 3 years
- Interest earned
- ₹1,02,241
- Maturity amount
- ₹6,02,241
- Tax on interest (30%, new regime)
- ₹30,672
- Post-tax maturity
- ₹5,71,569
These are the calculator's default inputs on this page, so you can check every figure in the tool.
Key facts
Canara Bank FD rules: premature withdrawal and senior citizen rates
Only terms confirmed on the lender's own website are listed. Check your deposit advice for the terms that apply to you.
| Minimum tenure | 15 days for deposits below ₹5 lakh; the 7–45 day rate applies only to a single deposit of ₹5 lakh or more |
| Senior citizen rate | 0.50% above the general rate on deposits of 180 days and above |
| Super senior citizen rate | An extra 0.60% for customers aged 80 and above, only on the 444-day and 555-day deposits |
| Premature withdrawal penalty | 1.00% below the lower of the applicable rates (deposits under ₹3 crore accepted or renewed from 12 March 2019) |
| Deposits closed before day 7 | No interest is paid |
Source: Canara Bank term deposit rates. Effective: 17 March 2026. Checked by Worth on 14 October 2026. Rates are for deposits below ₹3 crore and can change without notice.
Breaking a Canara Bank FD early: worked example
- Deposit
- ₹5,00,000
- Booked
- 3 years at 6.25%
- Closed after
- 18 months
- Base rate
- 6.25%
- Penalty
- 1.00%
- Rate applied
- 5.25%
- Interest received
- ₹40,690
- Without the penalty
- ₹48,745
- Cost of the penalty
- ₹8,055
Base rate: lower of the 18-month rate, 6.25%, and the contracted rate, 6.25%. Assumes Canara Bank's current card rates and quarterly compounding, before tax. The bank pays the lower of the rate for the period run and the contracted rate, minus the penalty.
The essentials
Canara Bank FD returns: monthly interest, senior citizen rates and comparison
Monthly interest on a Canara Bank FD
With a monthly payout Canara Bank FD at the 1-year rate of 6.25%, interest is about ₹521 a month on ₹1 lakh, ₹2,604 on ₹5 lakh and ₹5,208 on ₹10 lakh, before tax. Banks usually pay monthly interest at a slightly discounted rate, so treat these as close estimates. Switch the calculator to Monthly income mode to see the post-tax figure. Payout deposits earn less in total than cumulative ones, because the interest is paid out instead of compounding.
Canara Bank FD for senior citizens
0.50% above the general rate on deposits of 180 days and above. Tick "Senior citizen" in the calculator and it loads the senior rate for the tenure you pick. For example, ₹10 lakh for 5 years at 6.75% grows to about ₹13.97 lakh. Senior citizens under the old tax regime can also claim the 80TTB deduction on up to ₹50,000 of interest a year, and can submit Form 15H to avoid TDS if their total income is below the taxable limit.
How Canara Bank FD rates compare, and doubling time
At one year, Canara Bank's 6.25% ranks 7th of the 15 lenders in this calculator (level with 6 others); the highest is 7.50% from Unity Small Finance Bank. At five years, Canara Bank's 6.25% ranks 10th of the 15 lenders in this calculator (level with 1 other); the highest is 7.77% from Jana Small Finance Bank. At the 5-year rate of 6.25%, a deposit doubles in about 11.2 years. Rate cards are revised on different dates, so compare like with like in the table below or in the main FD calculator.
Rate comparison
How Canara Bank FD rates compare with other banks
1, 3 and 5-year general rates from each lender's official rate card, checked on 14 October 2026. Rate cards change on different dates, so the last column shows each one's effective date. The highlighted row is this page's lender.
| Lender | 1 year | 3 years | 5 years | Rate card |
|---|---|---|---|---|
| State Bank of India | 6.25% | 6.30% | 6.05% | 15 Dec 2025 |
| HDFC Bank | 6.25% | 6.45% | 6.40% | 19 Aug 2026 |
| ICICI Bank | 6.25% | 6.45% | 6.50% | 14 Oct 2026 |
| Axis Bank | 6.25% | 6.50% | 6.50% | 30 Sep 2026 |
| Kotak Mahindra Bank | 6.50% | 6.40% | 6.25% | 15 Apr 2026 |
| Punjab National Bank | 6.25% | 6.30% | 6.35% | 1 Jun 2026 |
| Bank of India | 6.25% | 6.25% | 6.00% | No date shown |
| Canara Bank | 6.25% | 6.25% | 6.25% | 17 Mar 2026 |
| Union Bank of India | 6.20% | 6.10% | 6.00% | 4 Aug 2026 |
| Central Bank of India | 6.10% | 6.00% | 6.00% | 10 Aug 2026 |
| Post Office Time Deposit | 6.90% | 7.10% | 7.50% | Oct–Dec 2026 |
| Jana Small Finance Bank | 7.00% | 8.00% | 7.77% | 29 Sep 2026 |
| Equitas Small Finance Bank | 7.00% | 7.00% | 7.00% | 3 Nov 2025 |
| AU Small Finance Bank | 6.35% | 7.40% | 6.75% | 1 Sep 2026 |
| Unity Small Finance Bank | 7.50% | 6.75% | 6.75% | 15 Jul 2026 |
Common questions
Canara Bank FD Calculator: frequently asked questions
How do I calculate interest on a Canara Bank FD?
What are the current Canara Bank FD interest rates?
What is the penalty for breaking a Canara Bank FD early?
How much monthly interest will I get on ₹1 lakh in Canara Bank?
In how many years will a Canara Bank FD double?
Is a Canara Bank FD safe?
Is Canara Bank FD interest taxable?
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