Canara Bank - Interest Rates : Deposit Accounts http://www.canarabank.com/English/Scripts/Depo...

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INTEREST RATES - DEPOSIT
ACCOUNTS

CANARA BANK

RATES AT A QUICK GLANCE

DEPOSIT ACCOUNTS
Interest Rates
Earn more from your Canara Bank Savings Bank A/c - Starting from 1st April 2010, interest will be Product Enquir
calculated on Daily SB Balance
Reach Us

RATE OF INTEREST Tools & Calcu

NATURE MINIMUM BALANCE
(%)p.a. Locators
SENIOR
ACCOUNT NORMAL Rural Semi Urban Urban Service Charg
CITIZEN
1. SAVINGS BANK A/C Download Cen

A. Domestic Do Not Call R

3.50% 3.50%
w.e.f. 01-10-2003
Mortgaged Ass
a. With cheque Book
Rs.500/- Rs.500/- Rs1000/- Other Links
facility
b. Without cheque
Rs.100/- Rs.100/- Rs.500/-
book facility
c. No Frills Account Rs.25/- Rs.25/- Rs.25/-
d. SB Canchamp deposit Scheme: 3.50%p.a.
CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE: Rs. 20/- per month
B.Non Resident
a. NRO (01-03-2003) 3.50% 3.50%
b. NRE (18.11.2005) 3.50% 3.50%

2. TERM DEPOSITS
Rate of Interest (%) p.a.
A. Domestic
w.e.f. 04.02.2011
For Deposits Less than Rs.1 For Deposits
crore Rs.1 crore &
Term Deposits ( All Maturities) above to less
General than Rs.10
Senior Citizen
Public crore #

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Canara Bank - Interest Rates : Deposit Accounts http://www.canarabank.com/English/Scripts/Depo...

7 days to 14 days ** 3.00 3.50 3.00

15 days to 30 days 4.25 4.75 4.00
31 days to 45 days 4.50 5.00 4.25
46 days to 90 days 5.50 6.00 6.25 *
91 days to 179 days 6.25 6.75 7.25 *
180 days to 269 days 7.75 8.25 7.50 *
270 days to less than 1 year 7.75 8.25 7.75 *
1 year & above to 554 days 8.75 9.25 8.75 *
555 days 9.10 9.60 9.10
556 days & above to less than 2 years 8.75 9.25 8.75 *
2 years & above to 999 days 8.75 9.25 8.75 *
1000 days 9.10 9.60 9.10
1001 days & above to less than 3 years 8.75 9.25 8.75 *
3 years & above to 1199 days 8.50 9.00 8.50
1200 days 9.25 9.75 9.25
1201 days & above to less than 5 years 8.50 9.00 8.50
5 years & above to less than 8 years 8.75 9.75 8.75
8 years & above to 10 9.50 10.50 9.50
years
* Rates offered on daily basis. Contact the nearest branch.
** Rates are applicable only for single deposit of Rs.5 lakhs & above.
# Contact the nearest branch for deposits of Rs.10 crore and above
PENALTY: The Bank imposes a penalty of 1.00% for premature closure/part withdrawal of
Domestic term deposits.

Payment/Renewal of Overdue Term Deposits:

Overdue term deposit shall be renewed with effect from the date of presentation for a minimum
period of 15 days or more, as specified by the depositor, beyond the date of presentation and
interest shall be at the rate prevailing on the date of presentation as applicable for the period for
which the deposit is renewed.
The overdue deposit will be paid interest at Savings Bank rate for the overdue period,
irrespective of whether the deposit is renewed or encashed.

B. Non-Resident Accounts Rate of Interest (%) per annum

a. NRO (All Maturities) same as applicable to Domestic Term Deposit
b. NRE All Maturities) Rate of Interest (%) per annum w.e.f. 01-03-2011
1 year & above but < 2 years 2 years & above but < 3 years 3 years only

2.54 2.66 3.19

Annualised Yield
2.56 2.72 3.33

FCNR ( B )
w.e.f.01/03/2011
(Interest rate percent per annum)
CURRENCY PERIOD OF DEPOSIT

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Canara Bank - Interest Rates : Deposit Accounts http://www.canarabank.com/English/Scripts/Depo...

OF 1 year & above 2 years & above 3 years and 4 years and
DEPOSITS but less than 2 but less than 3 above but less above but less 5 Years
years years than 4 years than 5 years
USD 1.79 1.91 2.44 2.94 3.36
GBP 2.58 2.89 3.34 3.70 3.98
EUR 2.70 3.11 3.41 3.64 3.83
CAD 2.94 2.91 3.25 - -
AUD 6.65 6.26 6.39 - -

* FCNR (B) deposits in currencies in Canadian Dollars (CAD) & Australian Dollars (AUD)
can only be accepted upto three years.

RFC DEPOSITS
w.e.f.01/03/2011
[Interest rate percent per annum]
CURRENCY OF DEPOSITS
PERIOD OF DEPOSIT
USD GBP EUR CAD AUD
SAVINGS BANK (March 2011) NIL NIL NIL NIL 2.70
1 week & above but less than 1 month NIL 0.15 0.60 0.60 3.75
1 month & above but less than 3 months NIL 0.16 0.55 0.67 4.53
3 months & above but less than 6 months 0.10 0.68 0.77 1.14 4.63
6 months & above but less than 1 year 0.23 0.77 1.01 1.38 5.08
1 year & above but less than 2 years 1.79 2.58 2.70 2.94 6.65
2 years & above but less than 3 years 1.91 2.89 3.11 2.91 6.26
3 years only 2.44 3.34 3.41 3.25 6.39

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