Canara Bank FD Calculator

Domestic Term Deposits for General Public (Below Rs. 2 crore)

Domestic Term Deposits for Senior Citizens Customers (Below Rs. 2 crore)

Canara Bank Tax Savings FD Rates for Less than Rs.2 crore

Canara Bank NRI Fixed Deposit Rates

Canara Bank NRE FD Rates for Less than Rs.2 crore

Canara Bank NRO FD Rates

Canara Bank FCNR (B) Interest Rates

Canara Bank RFC FD Rates

Canara Bank FD Calculator

Fixed deposits are one of the most trusted modes of investment in India. This is because fixed deposits offer stable returns and are risk-free as they do not get impacted by market conditions. You can consider investing in Canara Bank fixed deposit since it offers attractive interest rates.

An investment term of 666 days in Canara Bank can earn you an interest rate of up to 7.00% on your fixed deposit for investments less than ₹2 crore. However, an additional 0.50% interest rate is also applicable to senior citizens. You can easily determine the maturity with an online FD calculator. Here’s more.

Canara Bank Fixed Deposit (FD) Calculator

Canara Bank is one of the largest nationalised banks in India, offering attractive interest rates to investors on their fixed deposits. You can start an FD account by investing only ₹1000 initially. Besides, you can choose favourable tenure between 15 days (7-14 days for a single deposit of up to ₹5 lakh) and 10 years. However, Canara Bank fixed deposit interest rate varies depending on your chosen tenure.

For example, when you select a tenure between 6 months and less than 1 year, you are eligible for a 5.50% interest rate. On the other hand, when you invest your fixed deposit for one year, the interest rate rises to 6.75%. These rates are applicable for general citizens investing up to ₹2 crore.
Considering this difference in interest rates for different investment terms, it is difficult to calculate FD interest manually. So, you can use an online FD calculator to make your calculation error-free and easy.

Let’s look at how the Canara Bank fixed deposit calculators work!

How Does the Canara Bank FD Calculator Work?

Canara Bank FD calculator is a feasible online tool for investors to compute their fixed deposit interest in no time. Here are the easy steps one can follow to calculate their FD interest rates using this online tool:

1. Enter the amount you want to invest in your Canara Bank FD on the ‘Total Investment’ box
2. You can fill the ‘Number of years’ box with desired investment tenure
3. Finally, enter the interest rate according to your chosen tenure or drag the purple line until it reaches the proper percentage.
4. You can find the result on right side of this page displaying an estimated return and total value earned.

By changing the numbers in each box, you can compute interest amounts for different tenures and deposit amounts.

There are two mathematical formulas to calculate Canara Bank interest rate for fixed deposit: simple interest and compound interest.

Formula for simple interest goes as follows:

M= P+ (PXRXT/100)

In the above formula, “M” represents the maturity amount

“P” denotes the amount you invested

“R” implies the rate of interest

“T” stands for the investment term in years

However, formula for compound interest is different. Check it out below:

A = P (1 + r/n) ^ n*t

Here, “A” denotes the total amount earned on FD maturity

“P” stands for your investment amount or principal

“r” denotes the annual interest rate

“n” represents the number of times the interest rate is compounded

“t” implies the tenure for investment

The Canara Bank fixed deposit calculator is designed to deliver the correct output against the proper input you provide. So, always enter the right investment amount, tenure and interest rate to calculate the actual interest amount.

Benefits of An Online Canara Bank FD Calculator

Canara Bank FD calculator features a user-friendly interface to benefit you in the following ways:

• Flexible: Canara Bank FD calculators help determine the maturity amount before you invest your money. By changing the investment tenure, the investment amount and interest rates, you can determine a suitable FD scheme based on your financial objective. You can change the figures flexibly and determine your investment returns beforehand. So, Canara Bank fixed deposit calculator helps you plan your investment goals conveniently.
• Easy to use: This online tool is extremely easy to use. So, you can compute your fixed deposit returns conveniently by entering the proper credentials. The best part is you don’t need to pay anything to calculate your FD returns through an online calculator.
• Timesaving: It saves time as you don’t need to calculate using a complicated mathematical formula manually. All you need to do is enter the investment amount and set the investment term and interest rates accordingly. Canara Bank FD calculator will produce the result in no time.
• Accurate: The most significant benefit of this online tool is that it produces an error-free result. You will get accurate results each time.

Before investing in Canara Bank fixed deposits you can choose to use Upstox’s Canara Bank fixed deposit calculator. It helps plan your investment goals without any hassles of complex calculations. Besides, you don’t need to depend on any broker or agent to understand which FD scheme would be suitable for you. This online tool helps you calculate and determine the best investment term for your FDs.

Canara Bank FD Calculator: Check Interest Rates & Maturity Amount

Planning to invest in a Canara Bank Fixed Deposit? Canara Bank FD Calculator can help you identify how much your money will grow in a given period and thus estimate your maturity amount in just a few seconds.

Enter your investment amount, expected interest rate and investment period. The calculator instantly shows your estimated returns and the total amount you will receive at maturity.

What is a Canara Bank FD Calculator?

A Canara Bank FD Calculator is an online tool that estimates the maturity value of your fixed deposit based on the amount invested, the applicable interest rate and the deposit tenure.

Instead of calculating returns manually, the calculator provides instant and accurate estimates.

How to Use the Canara Bank FD Calculator

• Enter the amount you want to invest
• Enter the applicable Canara Bank FD interest rate
• Select the investment tenure
• The calculator will instantly display estimated interest earned and total maturity amount

You can change the investment amount, tenure or interest rate as many times as you want to compare different scenarios.

Rates as per Canara Bank's official rate chart, applicable from 17 March 2026.

What are Non-Callable Deposits?

Non-callable fixed deposits don't allow premature withdrawal. Once you book the deposit, your money gets locked for the entire tenure. You can not break it early even if you need the funds. In exchange for giving up this flexibility, banks usually offer a slightly higher interest rate compared to regular (callable) FDs, since the bank has certainty that the money will stay with them for the full term.

Canara Bank offers non-callable deposits for amounts above ₹1 crore and below ₹3 crore, where rates run about 0.10% higher than regular FDs across most tenures, going up to 6.70% for general citizens and 7.20% for senior citizens under the 555-day scheme. These deposits are only accepted for tenures between 46 days and less than 3 years, and auto-renewal is not available on them. You will need to manually reinvest once the deposit matures.

Canara Bank FD interest rates (Domestic deposits below ₹3 crore)

As of July 2026, Canara Bank FD interest rates range from 3.00% to 6.60% p.a. for general citizens, and 3.00% to 7.10% p.a. for senior citizens, depending on tenure.

*Rates for the 7 to 45 day, 444-day, and 555-day tenures apply only to a single deposit of ₹5 lakh and above.

*Below ₹5 lakh, the minimum tenure is 15 days.

*Senior citizens get the additional 0.50% only on tenures of 180 days and above. Super senior citizens (aged 80+) get a further 0.60% premium, but only under the 444-day and 555-day schemes.

Source: canarabank.bank.in, official term deposit rate chart applicable from 17 March 2026.

Non-callable deposits (above ₹1 crore, below ₹3 crore)

Canara Bank also offers non-callable deposits, where the interest rate is marginally higher than regular FDs, in exchange for giving up the option of premature withdrawal.

Note: Non-callable deposits under this slab are not accepted for maturities below 46 days or 3 years and above.

How Canara Bank FD returns are calculated

Canara Bank compounds interest quarterly on regular fixed deposits. The maturity value is calculated using:

A = P (1 + r/n)^(n×t), where

• P is your principal.
• r is the annual interest rate.
• n is the compounding frequency.
• t is the tenure in years.

Example: If you invest ₹1,00,000 for 555 days at 6.60% per annum, compounded quarterly, your investment grows to approximately ₹1,10,300. Thus, you earn about ₹10,300 in interest.

Features of Canara Bank FD

• Minimum deposit: ₹1,000 for regular tenures; ₹5 lakh minimum for the 7-45 day, 444-day, and 555-day special tenures
• Tenure: 7 days to 10 years
• Premature withdrawal allowed for callable deposits, with a 1% penalty on deposits below ₹3 crore accepted or renewed on or after 12 March 2019
• Non-callable deposits do not allow premature withdrawal at all
• Loan against FD available, up to 90% of the deposit value
• Auto-renewal applies by default at maturity, at the rate prevailing on that date, except for Tax Saver, Capital Gains, Court Deposits and non-callable deposits

Benefits of a Fixed Deposit

• Assured returns. Once you book your FD, the interest rate gets fixed right then and there. It does not matter what happens to the stock market or interest rates afterward, you already know exactly how much you will get back on maturity.
• Capital safety. Your investment value never reduces. As long as the bank stays financially sound, your original deposit stays exactly as it is, only growing with interest. And even in the rare case a bank runs into trouble, deposits up to ₹5 lakh per bank are protected by DICGC insurance, so your money is still protected.
• Flexible tenure. You are not locked into one fixed duration. Whether you want to park money for just a week or commit it for 10 years, FDs let you pick a tenure that actually matches what you are saving for.
• Higher rates for seniors. For senior citizen, many banks offer an extra 0.50% interest on top of the regular rate, on nearly every tenure. It is a small but genuine boost, especially useful if you are depending on this income after retirement.
• Loan against FD. Need cash urgently but do not want to break your FD and lose out on interest? You can borrow against it instead, keeping your deposit intact while still getting to use money at nominal interest.
• Flexible payouts. You get to choose how you receive your interest, monthly, quarterly, annually or all at once when the FD matures. This makes it easy to plan around whether you want regular income or a lump sum later.
• Auto-renewal. Even if you forgot to give instructions for renewal on your maturing FD, it renews on its own for the same tenure at the prevailing rate. This ensures that renewal is seamless, does not require intervention and your money keeps earning without any gap.