Know the Latest Canara Bank RD Interest Rates in 2025

If you want a stable and rewarding option to grow your savings through disciplined monthly deposits, understanding Canara Bank RD interest rates is a great way to start. These offer a reliable way to grow your wealth, whether saving for a future goal or simply looking for a disciplined investment option while earning assured returns. Canara Bank’s RD schemes and their latest rates are tailored to suit different tenures and customer segments. 

Read more to learn about the rate of interest available on Canara Bank’s recurring deposit accounts in 2025. 

Canara Bank RD Interest Rates in 2025 

Recurring deposits are often considered the preferred investment option if you are looking for consistent returns with minimal risk.  

Check out the Canara Bank RD interest rates in 2025 for deposits below ₹3 Crores: 

Maturity Period	Interest Rates for Regular Citizens (p.a.)	Interest Rates for Senior Citizens (p.a.)
120 Days to 179 Days	5.50%	5.50%
180 Days to 269 Days	6.15%	6.65%
270 Days to Less Than 1 Year	6.25%	6.75%
1 Year	6.85%	7.35%
444 Days	7.25%	7.75%
Over 1 Year to Less Than 2 Years	6.85%	7.35%
2 Years & Above to Less Than 3 Years	7.15%	7.65%
3 Years & Above to Less Than 5 Years	7.20%	7.70%
5 Years and Above to 10 Years	6.70%	7.20%

Disclaimer: The interest rates added above may change based on the Canara Bank’s policies.  

Features and Benefits of Canara Bank RD Schemes 

Canara Bank’s RD offerings are a smart choice for conservative and goal-based savers alike.  

Here are some of the features and benefits you can enjoy: 

• Deposit Amount: These accounts allow you to invest a fixed amount through monthly instalments for a pre-designated period. The minimum investment amount can be ₹50 (and in multiples thereof) without any ceiling.   
• Flexible Maturity Period: You can enjoy a maturity period ranging between 120 days and 10 years, depending on your financial capability and goal.  
• Loan Against RD: Canara Bank also allows you to get a loan against RD, ranging up to 90% of the deposited sum.  
• Higher Rates for Senior Citizens: You can get a marginally higher Canara Bank RD rare of interest of 0.50% if you are older than 60 years and invest for more than 180 days. 
• Premature Closure: If you decide to close your RD account before it attains maturity, the bank will levy an interest penalty of 1%. This means you will get 1% less than the regular rate of interest.   
• Delayed Instalments: If you don’t make payments for the instalment, the bank will charge you ₹1.50 for every ₹100 instalments per month for RD accounts for 5 years. For an FD account for over 5 years, the bank will collect a penalty of ₹2 for every ₹100 instalment per month. 
• Frequent Non-payment: If there is a delay in remittance of over four instalments, the bank will repay your recurring deposits at simple interest on a monthly basis.  

Eligibility Criteria for Canara Bank Recurring Deposits 

If you are thinking of starting a Recurring Deposit account, knowing the eligibility requirement is crucial. These include: 

• You can open an individual or a joint account 
• You can also open an RD account as a guardian on behalf of a minor 
• Hindu Undivided Families (HUFs), proprietorship firms, companies, associations, trusts and institutions can also open these accounts 

The following are some of the essential documents you need when opening an RD account: 

• Completely filled in the RD account opening form 
• A copy of a PAN card or Form 60 or 61 (if you don’t have a PAN card) 
• 2 copies of your photograph 
• Proof of your identity and address 
• Other documents as applicable to Hindu Undivided Families (HUFs), proprietorship firms, companies, associations, trusts and institutions 

Whether you’re saving for a short-term goal or planning ahead for the long haul, it’s worth checking out RD accounts available with Canara Bank.  

But if you’re in need of immediate funds for big plans or an unexpected expense, waiting months to access your RD might not cut it.  
 
That’s where Fibe’s Instant Personal Loan comes into the picture. You can get up to ₹5 lakhs at attractive rates within minutes. Enjoy a 100% digital application process and 0 foreclosure charges. Download the Fibe App to apply for a loan today! 

Frequently Asked Question 

What is the interest rate for RD in Canara Bank 2025? 

For the general public with a deposit of less than ₹3 Crores, the Canara Bank RD interest rates range between 4% and 7.25% p.a. On the other hand, the interest rates for Senior Citizen RD accounts range between 4% and 7.75% for the same amount.