Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port town in Karnataka. The Bank has gone through the various phases of its growth trajectory over hundred years of its existence. Growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. Eighties was characterized by business diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry.


Less than 1 Crores

  General Public Senior Citizen
7 days to 14 days
5.25 %
5.75 %
15 days to 30 days
5.25 %
5.75 %
31 days to 45 days
5.50 %
6.00 %
46 days to 60 days
6.50 %
7.00 %
61 days to 90 days
6.50 %
7.00 %
91 days to 179 days
6.50 %
7.00 %
180 days to 269 days
7.00 %
7.50 %
270 days to less than 1 year
7.15 %
7.65 %
1 year only
7.15 %
7.65 %
Above 1 year to less than 2 years
7.50 %
8.00 %
2 years & above to less than 3 years
7.40 %
7.90 %
3 years & above to less than 5 years
7.40 %
7.90 %
5 years & above to less than 8 years
7.00 %
7.50 %
8 years & above to 10 years
7.00 %
7.50 %
* Interest rates last updated on 5th Nov 2016

1 crore & above

  General Public
7 days to 14 days
5.25 %
15 days to 30 days
5.25 %
31 days to 45 days
5.50 %
46 days to 60 days
6.30 %
61 days to 90 days
6.30 %
91 days to 179 days
6.30 %
180 days to 269 days
6.30 %
270 days to less than 1 year
6.30 %
1 year only
6.60 %
Above 1 year to less than 2 years
6.80 %
2 years & above to less than 3 years
6.80 %
3 years & above to less than 5 years
6.75 %
5 years & above to less than 8 years
6.75 %
8 years & above to 10 years
6.75 %
* Interest rates last updated on 5th Nov 2016