CanaraBank Logo   Thursday, 23 May 2013  |   Select Languagearrowdown  |  Skip to Main Content    Twitter  Call Us 1800 425 0018
  Home  |  About Us  |  Announcements  |  Careers  |  Contact Us  |  Sitemap  
Search
spacer
Personal Banking bullet
Corporate Banking bullet
NRI Banking bullet
Internet Banking bullet
Priority & SME Banking bullet
 
Interest Rates  
spacer
QUICK ACCESS
Rail Tickets Interest Rates
Rail Tickets COMMISSION ON FOREX TRANSACTIONS
Rail Tickets Product Enquiry
Rail Tickets Reach Us
Rail Tickets Tools & Calculators
Rail Tickets Locators
Rail Tickets Service Charges
Rail Tickets Download Center
Rail Tickets Do Not Call Registry
Rail Tickets Mortgaged Asset Sale
Rail Tickets Other Links
 
hrline
 
LOCATE US
 
Leftnavbotbg
 
Home >> Interest Rates >> Deposit Accounts
 
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. 03-05-2011 		4.00% 4.00%
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:                                                              4.00% p.a.
CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE:      Rs. 20/- per month
B.Non Resident
a. NRO (03-05-2011) 4.00% 4.00%
b. NRE (03-05-2011) 4.00% 4.00%


  2. TERM DEPOSITS
A. Domestic Rate of Interest (%) p.a.
  For Deposits less than Rs.1 crore
w.e.f.30.04.2013
Term Deposits (All Maturities) General Public Senior Citizen
Rate of
Interest (% p.a)		 Annualised
Interest yield **		 Rate of
Interest (% p.a)		 Annualised
Interest yield **
7 days to 14 days *

4.00

4.00

4.50

4.50
15 days to 30 days

4.50

4.50

5.00

5.00
31 days to 45 days

6.50

6.50

7.00

7.00
46 days to 90 days

7.00

7.00

7.50

7.50
91 days to 179 days

7.30

7.30

7.80

7.80
180 days to 269 days

7.25

7.32

7.75

7.83
270 days to less than 1 year

8.50

8.68

9.00

9.20
1 year & above to less than 2 years

9.00

9.31

9.50

9.84
2 years & above to less than 1000 days

9.00

9.74

9.50

10.33
1000 days (CANARA-K Deposit)
9.10
10.19
9.60
10.82
1001 days & above to less than 3 years
9.00
9.74
9.50
10.33
3 years & above to less than 5 years

9.00

10.20

9.50

10.84
5 years & above to less than 8 years

9.00

11.21

9.50

11.98
8 years & above to 10 years

8.75

12.48

9.25

13.48
*Rates are applicable only for single deposit of Rs.5 lakhs & above.
** Approximate Annualized Yield in % terms at the beginning of the slab. Effective Annualized rates of return on Bank’s Re-investment Deposit Plan (Kamadhenu Deposit) is based on quarterly compounding of interest.

Bank offers 9.00% p.a for deposit of less than Rs.1 crore for a period of 555 days and 1200 days for General Public and an additional 0.50% p.a is extended to Senior Citizens for these maturity slabs.


  2. TERM DEPOSITS
A. Domestic Rate of Interest (%) p.a.
  For Deposits Rs.1 crore & above
W.e.f. 30.04.2013
Term Deposits (All Maturities) General Public Senior Citizen
Rate of Interest (% p.a) Annualised Interest yield ** Rate of Interest (% p.a) Annualised Interest yield **
7 days to 14 days *

4.00

4.00

4.50

4.50
15 days to 30 days

4.50

4.50

5.00

5.00
31 days to 45 days

6.50

6.50

7.00

7.00
46 days to 90 days

7.50

7.50

8.00

8.00
91 days to 179 days

8.00

8.00

8.50

8.50
180 days to 269 days

8.25

8.34

8.75

8.85
270 days to less than 1 year

8.30

8.47

8.80

8.99
1 year & above to less than 2 years

9.00

9.31

9.50

9.84
2 years & above to less than 3 years

8.80

9.51

9.30

10.09
3 years & above to less than 5 years

8.80

9.95

9.30

10.59
5 years & above to less than 8 years

8.75

10.83

9.25

11.59
8 years & above to 10 years

8.75

12.48

9.25

13.48

* Rates are applicable only for single deposit of Rs.5 lakhs & above.
** Approximate Annualized Yield in % terms at the beginning of the slab. Effective Annualized rates of return on Bank’s Re-investment Deposit Plan (Kamadhenu Deposit) is based on quarterly compounding of interest.

For deposit of Rs.1 crore & above, Bank offers 9.00% for a period of 555 days & 8.80% for 1000 days and 1200 days for General Public and an additional 0.50% p.a is extended to Senior Citizens for these maturity slabs.

Senior Citizens are not eligible for additional interest rate for their Recurring Deposits, Capital Gains Account Scheme and NRO term deposits (i.e, interest rates as applicable to General Public be offered).
For Employees / Ex-employees of Canara Bank, who are eligible for preferential interest rate as per Bank’s Guidelines, additional 1.00% over and above the rate applicable for General Public is extended, irrespective of the size of the deposit.
For Ex-employee Senior Citizens (60 years and above) of Canara Bank, who are eligible for preferential interest rate as per Bank’s Guidelines, additional 1.00% over and above the rate offered for General Public is extended for deposit period of less than 5 years, irrespective of the size of the deposit. For deposit period of 5 years and above to 10 years, additional 1.50% over and above the rate for General public, irrespective of the size of the deposit, is extended.
Employees/Ex-employees/Ex-employee Senior citizens of Canara Bank are not eligible for additional interest rate for their Capital Gain Account Scheme and NRO term deposits.

PENALTY:
A penalty of 1.00% will be levied for premature closure/part withdrawal/premature extension of Domestic /NRO term deposits of less than Rs.1 Crore that are placed/renewed on or after 04.02.2011.
No penalty will be levied for premature closure/part withdrawal/premature extension of Domestic /NRO term deposits of Rs.1 Crore & above that are placed/renewed on or after 13.10.2012. However, a penalty of 1.00% shall be levied for premature closure/part withdrawal/premature extension of Domestic/NRO term deposits of Rs.1 crore & above that are placed /renewed from 04.02.2011 to 12.10.2012.
No interest will be payable on term deposits prematurely closed/prematurely extended before completion of 7th day.



NON RESIDENT ACCOUNTS  
a. NRO – all maturities Same as applicable to Domestic Term Deposits
   
b. NRE –Term deposits Rate of interest (%) per annum
Period of Deposit Less than Rs.1 crore
(w.e.f.30.04.2013)		 Rs.1 crore & above
(w.e.f. 30.04.2013)
Rate of Interest
(% per annum)		 Annualised
Interest Yield
*		 Rate of Interest
(% per annum)		 Annualised
Interest Yield
*
1 year & above to less than 2 years    

9.00

9.31

9.00

9.31
2 years & above to less than 3 years

9.00

9.74

8.80

9.51
3 years & above to less than 4 years

9.00

10.20

8.80

9.95
4 years & above to less than 5 years

9.00

10.69

8.80

10.41
5 years & above to less than 6 years

9.00

11.21

8.75

10.83
6 years & above to less than 7 years

9.00

11.76

8.75

11.35
7 years & above to less than 8 years

9.00

12.35

8.75

11.90
8 years & above to less than 9 years

8.75

12.48

8.75

12.48
9 years & above to less than 10 years

8.75

13.10

8.75

13.10
10 years

8.75

13.76

8.75

13.76
* Approximate Annualized Yield in % terms at the beginning of the slab. Effective Annualized rates of return on Bank’s Re-investment Deposit Plan (Kamadhenu Deposit) is based on quarterly compounding of interest.

PENALTY:
  • A penalty of 1.00% will be levied for premature closure/premature extension of NRE term deposits of less than Rs.1 Crore that are placed/renewed on or after 29.12.2011.
  • No penalty will be levied for premature closure/premature extension of NRE term deposits of Rs.1 Crore & above that are placed/renewed on or after 13.10.2012. However, a penalty of 1.00% shall be levied for premature closure/premature extension of NRE term deposits of Rs.1 crore & above that are placed /renewed from 29.12.2011 to 12.10.2012.
  • No interest will be payable for the period run on NRE term deposits prematurely closed/prematurely extended before completion of one year from the effective date of the deposit.

w.e.f. 01.05.2013 (Interest rate percent per annum)

FCNR (B)

PERIOD OF DEPOSIT

CURRENCY OF DEPOSIT

1 Year & above but less than 2 years

2 years & above but less than 3 years

3 years only

3 years and above but less than 4 years

4 years and above but less than 5 years

Five years

USD

2.70

2.36

3.45

3.45

3.60

3.82

GBP

2.89

2.59

3.65

3.65

3.75

3.90

EUR

2.40

2.39

3.48

3.48

3.60

3.75

CAD

3.76

3.29

4.36

-

-

-

AUD

5.51

4.78

5.92

-

-

-

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

Interest on RFC Deposits w.e.f. 01.05.2013
RFC DEPOSITS
PERIOD OF DEPOSIT CURRENCY OF DEPOSITS
USD GBP EUR CAD AUD

SAVINGS BANK   (May 2013)

Nil

Nil

Nil

Nil

1.35

1 week & above but less than 1 month

Nil

0.15

Nil

0.60

2.40

1 month & above but less than 3 months

Nil

0.15

Nil

0.67

2.93

3 months & above but less than 6 months

0.12

0.36

Nil

0.82

2.73

6 months & above but less than 1 year

0.20

0.34

0.03

1.09

2.93

1 year & above but less than 2 years

2.70

2.89

2.40

3.76

5.51

2 years & above but less than 3 years

2.36

2.59

2.39

3.29

4.78

3 years only

3.45

3.65

3.48

4.36

5.92
 
spacer
BCSBI's Code   |   Grievance Redressal   |   Customer Education   |   Basel II Disclosures   |   RTI Act   |   Regulations   |   Browser Compatibility   |   Disclaimer    |   Screen Reader Accessibility Screen Reader Accessibility
  Copyright © 2011. Canara Bank. All rights reserved. Best viewed in IE 6.5 & above and 1024 x 768 resolution.