Key Insights

You can earn up to 7.10% interest by choosing non-callable deposits for certain periods, such as 555 days with the Canara Bank RD interest rate.

You can start saving with as little as ₹50 per month, making it easy and flexible to build your savings regularly with the help of Canara Bank RD interest rate.

Senior citizens get an extra 0.50% interest, while super seniors receive 0.60% more on 444-day and 555-day plans.

Are you looking to grow your savings with a reliable public sector bank?

You can check out Canara Bank RD interest rates 2025 and see how they can help boost your savings. You can try the Canara Bank RD interest rates 2025 calculator to see your potential growth.

A Canara Bank RD can help you save regularly. You deposit a fixed amount each month, and the bank adds interest every quarter, helping your savings grow over time.

This system works for everyone, and Canara Bank RD interest rates for senior citizens get special interest rates.

Example:

I use the calculator to help me plan my savings. When I invest ₹7,500 each month with Canara Bank RD interest rates for 5 years, I can see how much I’ll have at maturity. This helps me work toward my goals. The Canara Bank RD interest rates 1 year option is also great for short-term plans.

Canara Bank RD Interest Rates Based on Tenure

You can plan for your financial future with Canara Bank RD interest rates 1 year , available for a range of investment periods.

Here is the list of the Canara Bank RD Interest Rate based on tenure:

Term Deposits (All Maturities)	Callable				Non-Callable
	General Public		Senior Citizen		General Public		Senior Citizen
	Rate of Interest (% p.a.)	Annualised Interest yield (% p.a.)	Rate of Interest (% p.a.)	Annualised Interest yield (% p.a.)	Rate of Interest (% p.a.)	Annualised Interest yield (% p.a.)	Rate of Interest (% p.a.)	Annualised Interest yield (% p.a.)
7 Days to 45 Days	3.00	3.03	3.00	3.03	N/A	N/A	N/A	N/A
46 Days to 90 Days	4.00	4.06	4.00	4.06	4.10	4.16	4.10	4.16
91 Days to 179 Days	4.25	4.32	4.25	4.32	4.35	4.42	4.35	4.42
180 Days to 269 Days	5.25	5.35	5.75	5.87	5.35	5.46	5.85	5.98
270 Days to less than 1 Year	5.50	5.61	6.00	6.14	5.60	5.72	6.10	6.24
1 Year & above to 1 year 3 months Only (Expect 444 days)	6.25	6.40	6.75	6.92	6.35	6.50	6.85	7.03
444 Days	6.45	6.60	6.95	7.13	6.55	6.71	7.05	7.24
555 Days	6.50	6.66	7.00	7.19	6.60	6.76	7.10	7.29
Above 1 Year, 3 months to less than 2 Years (Expect 555 days)	6.25	6.40	6.75	6.92	6.35	6.50	6.85	7.03
2 Years & above to less than 3 Years	6.25	6.40	6.75	6.92	6.35	6.50	6.85	7.03
3 Years & above to less than 5 Years	6.25	6.40	6.75	6.92	N/A	N/A	N/A	N/A
5 Years & above to 10 Years	6.25	6.40	6.75	6.92	N/A	N/A	N/A	N/A

You can choose non-callable deposits with important terms to get the best yields and higher interest rates.

Bonus Tip: Super Senior Citizens (age 80 and above) can get an extra 0.60% interest rate on Canara 444 and Canara 555 deposits. This offer applies to both Callable and Non-Callable deposit options.

Canara Bank RD Key Highlights (Features and Benefits)

Do you know? Canara Bank RDs are a dependable way to save regularly and earn good, secure returns, and these features also allow Canara Bank RD interest rates for senior citizens to take advantage of these features.

Here is the list of the Canara Bank RD features and benefits:

Key Benefits of the Canara Bank RD

Key Features of the Canara Bank RD

Enjoy a competitive interest rate.
Make payments easily with monthly instalments.
Get a loan for up to 90% of your requirement.
Senior citizens can benefit from a special rate.

Amount of Deposit: Minimum Rs.50/- per month (and in multiples thereof). No ceiling on maximum amount

Note: You deposit a fixed amount every month for a set period.

Period of Deposit: Minimum 6 months & Maximum 120 months (multiples of 3 months)

Nomination Facility: Available

Loan Facility: Available upto 90% of the available deposit balance

TAX Deducted at Source: Applicable as per prevailing Income Tax rules

You can grow your savings over time with low minimum deposits, access to loans, and special benefits for senior citizens.

Types of Canara Bank Recurring Deposit Accounts

Canara Bank offers a range of RD accounts to suit different savers, from simple plans to options designed for specific goals, and you can use canara bank rd interest rates 2025 calculator to calculate your return in advance.

Here are the types of RD provided by Canara Bank:

Recurring Deposits	Eligibility: Accounts can be opened by individuals, joint account holders, guardians for minors, Hindu Undivided Families (HUF), proprietorship firms, companies, associations, trusts, and institutions. Documents Required: Application in the Bank’s prescribed form. Copy of PAN Card / Form 60 or 61 (if customer does not have PAN Card). Photograph of Depositor/s (2 copies). Proof of Identity and address as per KYC Norms. Any other documents as applicable to proprietorship concern, partnership firm, company, HUF, etc.
Dhanvarsha RD
Nitya Nidhi Scheme
Canara Dhanvarsha

Choose either our standard RDs or the higher-interest Dhanvarsha scheme to help you reach your savings goals.

Canara Bank RD Tenure & Minimum Deposit

You can start saving with Canara Bank’s flexible RD terms and low minimum deposit options.

Here is the list of the Canara Bank tenure and minimum deposit:

These rates are available only for single deposits of ₹5,00,000 or more. If your deposit is less than ₹5,00,000, the minimum period is 15 days
Senior citizens from the general public can earn an extra 0.50% interest on deposits below ₹3 Crore, as long as the term is 180 days or more. This does not apply to NRO/NRE and CGA deposits.
The approximate annualised yield is shown as a percentage at the beginning of each slab. For the Bank’s Re-investment Deposit Plan (Kamadhenu Deposit), the effective annualised return is calculated with quarterly compounding.
Super Senior Citizens (80 years and above) get an extra 0.60% interest, but only on Canara 444 and Canara 555 products. This applies to both Callable and Non-Callable deposits.

You can boost your savings with special senior citizen bonuses and Canara’s 444 and 555-day deposit plans.

Conclusion

Canara Bank recurring deposits offer a smart way to save, with competitive rates that increase based on the amount and term. You can choose non-callable, longer-term options and taking advantage of senior citizen bonuses can help customers earn more while keeping their savings flexible and secure.

FAQS

Which is the best bank to open an RD account with?

The best bank for a Recurring Deposit (RD) account depends on what matters most to you: getting the highest interest rate or choosing a major bank for security and convenience.

Are recurring deposits good for savings/investment?

Recurring deposits (RDs) are a solid choice if you want a safe and disciplined way to save money over time. However, if you are aiming for higher returns and have long-term investment goals, market-linked options might be better.

What are the pros and cons of a recurring deposit?

Recurring Deposits (RDs) help you save regularly and offer guaranteed returns that are usually higher than those of savings accounts. They are safe from market risks and can provide loan options, which makes them useful for short-term goals. On the downside, you might face penalties if you miss payments or withdraw early.

Can I break my RD account before the completion of tenure?

You can usually close your Recurring Deposit (RD) before it matures, but there are often penalties. These may include a lower interest rate, sometimes as low as the savings account rate, and a fee of 0.5% to 1%, depending on your bank and how long the RD has been open. Most banks do not allow partial withdrawals, so you will need to close the whole account.

Is it possible to withdraw from an RD account before the maturity date?

Yes, you can withdraw your RD account before it matures, but there will be charges for closing it early.