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Introduction
Fixed Deposits (FDs) remain one of the most popular and secure investment options in India. If you are considering an FD with Canara Bank, it is important to estimate your potential returns before investing. That’s where our Canara Bank FD Calculator comes in handy.
In this blog, we will walk you through how to use the FD calculator, its benefits, and the current Canara Bank FD interest rates for 2025.
Canara Bank FD Calculator
🧮 What is a Canara Bank FD Calculator?
A Canara Bank FD Calculator is a free online tool that helps you calculate the maturity amount and interest earned on your fixed deposit. In this calculator, you need enter the the details such as deposit amount, tenure, and interest rate, to get accurate estimate of your returns.
📝 How to Use the Canara Bank FD Calculator?
Using our FD calculator is easy and requires the following inputs:
- Deposit Amount: The amount you wish to invest.
- Tenure: The duration of the fixed deposit.
- Interest Rate: The applicable Canara Bank FD interest rate.
- Compounding Frequency: Usually quarterly or annual.
📊 Latest Canara Bank FD Interest Rates for 2025
Here are the latest FD interest rates offered by Canara Bank:
| Tenure | Interest Rate (General) | Senior Citizens |
|---|---|---|
| 7–45 days | 4.00% | 4.50% |
| 46–179 days | 5.00% | 5.50% |
| 180 days – 1 year | 6.00% | 6.50% |
| 1 year – 5 years | 6.75% | 7.25% |
| Above 5 years | 6.70% | 7.20% |
📌 Rates are subject to change. Please check the official Canara Bank website for updates.
📈 Sample Calculation
💡 Example:
Investing ₹1,00,000 for 2 years at 6.75% p.a. (compounded quarterly) gives a maturity value of approximately ₹1,14,000.
🧾 Comparison of Interest rates with Other Banks
| Bank | 1-Year Rate | Senior Citizen Rate |
|---|---|---|
| Canara Bank | 6.75% | 7.25% |
| SBI | 6.80% | 7.30% |
| HDFC Bank | 7.00% | 7.50% |
✅ Benefits of Using the FD Calculator
- Time-Saving: Instant results without manual math.
- Accuracy: Avoids errors in interest computation.
- Comparison: Helps you compare different tenures and deposit amounts.
- Planning Tool: Useful for financial planning and goal setting.
🛡️ Why Choose Canara Bank for Fixed Deposits?
- Trusted public sector bank
- Flexible tenure options
- Higher interest for senior citizens
- Auto-renewal options
- Tax-saving FD options
❓ Frequently Asked Questions (FAQs)
What is the current FD rate in Canara Bank for 2025?
As of now, rates go up to 7.25% for general public and 7.75% for senior citizens.
How is Canara Bank FD interest calculated?
It is usually compounded quarterly, based on deposit amount, tenure, and applicable rate.
Is Canara Bank FD safe?
Yes, it’s a government-backed bank and deposits up to ₹5 lakh are insured under DICGC.
Which is better: Canara Bank or SBI FD?
Both the options are safe. Compare interest rates and tenure benefits using our calculator.
📢 Final Thoughts
Using our Canara Bank FD Calculator is a smart first step for anyone planning to invest in fixed deposits. It not only gives you a clear picture of your returns but also it helps you to plan your finances better.
