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INTEREST RATES - DEPOSIT ACCOUNTS
 

CANARA BANK

RATES AT A QUICK GLANCE

DEPOSIT ACCOUNTS

Earn more from your Canara Bank Savings Bank A/c - Starting from 1st April 2010, interest will be calculated on Daily SB Balance

NATURE RATE OF INTEREST (%)p.a. MINIMUM BALANCE
ACCOUNT NORMAL SENIOR CITIZEN Rural Semi Urban Urban
1. SAVINGS BANK A/C
A. Domestic
w.e.f. 01-10-2003
3.50% 3.50%
a. With cheque Book facility Rs.500/- Rs.500/- Rs1000/-
b. Without cheque book facility Rs.100/- Rs.100/- Rs.500/-
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
A. Domestic Rate of Interest (%) p.a. w.e.f. 09.08.2010
Term Deposits ( All Maturities) For Deposits Less than  Rs.1 crore For Deposits
Rs.1 crore  &
above to less than Rs.10 crore  #
General Public Senior Citizen
7 days to 14 days * 1.50 2.00 2.00
15 days to 30 days 2.75 3.25 3.00
31 days to 45 days 3.00 3.50 3.50
46 days to 90 days 4.00 4.50        4.00  **
91 days to 179 days 5.25 5.75         5.25   ##
180 days to 269 days 5.75 6.25      5.75  +
270 days to less than 1 year 6.00 6.50      6.00  $
1 year & above to less than 2 years 7.00 7.50   6.75 
2 years & above to less than 3 years 7.00 7.50 7.00
3 years & above to less than 5 years 7.25 7.75 7.25
5 years & above to less than 8 years 7.50 8.50 7.25
8 years & above to 10 years 7.65 8.65 7.25
* Rates are applicable only for single deposit of Rs.5 lakhs & above.
# Contact the nearest branch for single domestic term deposit of Rs.10 crore and above
 " Canara Festival Deposit " – Fixed Deposit – Less than Rs.1 crore
Period General Public Senior Citizens
266 days 6.06 6.56

Rates for single domestic term deposit of Rs.10 Crore and above w.e.f. 16.08.2010

**  For single domestic term deposit of Rs.10 crore & above - 5.50 %  p.a
##  For single domestic term deposit of Rs.10 crore & above - 6.25 %  p.a
+    For single domestic term deposit of Rs.10 crore & above -  6.60 % p.a
$    For single domestic term deposit of Rs.10 crore & above -  6.90 % p.a

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 01-09-2010

1 year & above but < 2 years

2 years & above but < 3 years

3 years only

2.59

2.42
2.70
Annualised Yield
2.62
2.47
2.80


FCNR ( B )
w.e.f.01/09/2010
(Interest rate percent per annum)

CURRENCY OF DEPOSITS

PERIOD OF DEPOSIT
1 year & above but less than 2 years 2 years & above but less than 3 years 3 years and above but less than 4 years 4 years and above but less than 5 years 5 Years
USD

1.84

1.67

1.95

2.27

2.57

GBP

2.46

2.23

2.51

2.79

3.04

EUR

2.39

2.26

2.39

2.56

2.73

CAD

2.87

2.34

2.56

-

-

AUD

6.42

5.67

5.71

-

-



RFC DEPOSITS
w.e.f.01/09/2010
[Interest rate   percent per annum]
PERIOD OF DEPOSIT CURRENCY OF DEPOSITS
USD GBP EUR CAD AUD
SAVINGS BANK   (August 2010)

NIL

NIL

NIL

NIL

2.25

1 week & above but less than 1 month

NIL

0.15

NIL

0.35

3.30

1 month & above but less than 3 months

NIL

0.16

0.25

0.67

4.53

3 months & above but less than 6 months

0.40

0.38

0.38

0.70

4.48

6 months & above but less than 1 year

0.65

0.77

0.64

0.82

4.85

1 year & above but less than 2 years

2.04

2.48

2.39

2.92

6.60

2 years & above but less than 3 years

1.74

2.39

2.44

2.58

5.92

3 years only

2.07

2.77

2.68

2.94

5.98

 
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CASH WITHDRAWAL IN OTHER BANK ATMs : As per the advice / directions of IBA, five free cash transactions per month is allowed in other bank ATMs for Savings Bank Customers w.e.f. 15th Oct 2009. Also, the maximum withdrawal limit per transaction is Rs.10,000/-. || Notice to existing customers and new customers on KYC compliance. Click Here

 
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