Key Insights

The bank offers a tiered interest system, so customers with higher savings balances receive better rates.
Customers can pick from several account types, from basic savings to the premium Power Plus, each offering its own benefits.
Choosing an account that matches their balance and usage helps customers get the best value for fees and features.

Are you hoping to get the most from your savings with a trusted public sector bank?

Take a look at Canara Bank’s savings account interest rates to find out how your money can grow. Knowing these rates can help you make the best choice, especially when comparing them to options like the Canara Bank 444 days FD interest rate.

Your savings account can be an ongoing and reliable way to earn extra money. The bank calculates interest on your closing balance every day, so your money keeps growing. This method is used for all customers, and Canara Bank savings account interest rate for senior citizens.

I like seeing my savings grow. With a Canara Bank savings account interest rate per month in my account at the current annual rate, I can quickly figure out my monthly Canara Bank savings account interest rate. This helps me compare it to the specific Canara Bank savings account interest rate for 1 lakh and plan better.

Latest Canara Bank Savings Account Interest Rates 2025-26

Do you know? You can take advantage of Canara Bank's new 2025-26 interest rates to help your public sector savings grow.

Here is the list of the Canara Bank Savings Account Interest Rate 2025-26:

Slabs	ROI(%)
For outstanding Balance of less than ₹50,00,000	2.55%
For the outstanding Balance of ₹50,00,000to less than ₹5 Cr	2.55%
For outstanding Balance of ₹5 Cr to less than ₹10 Cr	2.55%
For outstanding Balance of ₹10 Cr to less than ₹100 Cr	2.55%
For the outstanding Balance of ₹100 Cr to less than ₹200 Cr	2.65%
For outstanding Balance of ₹200 Cr to less than ₹300 Cr	2.65%
For outstanding Balance of ₹ 300 Cr to less than ₹ 500 Cr	3.10%
For outstanding Balance of Rs. 500 Cr to less than ₹1000 Cr	3.40%
For outstanding Balance of ₹1000 Cr & less than ₹2000 Cr	3.55%
For outstanding Balance of ₹2000 Cr & above	4.00%

You can grow your savings by maintaining a higher account balance and enjoy Canara Bank's premium interest rates.

Bonus Tip: A 1.00% penalty applies for premature closure, part withdrawal, or premature extension of Domestic or NRO term deposits under ₹3 Crore accepted or renewed on or after 12.03.2019.

Canara Bank Savings Account Features & Benefits

Canara Bank offers the dependability of a well-established public sector bank along with modern savings account features for its customers.

Here is the list of the Canara Bank Savings Account Features and Benefits:

Types of Features and Benefits of Canara Bank	Details
Minimum Balance	Average Monthly Balance of ₹2000/- for Urban/Metro branches, ₹1000/- for Semi-Urban branches and ₹500/- for Rural branches.
Requirements For Opening an Account	Application in the Banks’ prescribed form, Proof of identity, Address proof, Passport-size photograph.
Nature of Deposit	Running (Operative) account.
Periodicity of Interest Payment	The interest is calculated on a daily product basis and credited to the SB accounts on quarterly intervals in every financial year on 27th of June, 27th of September, 27th of December and 27th of March.
Special Rate for Senior Citizen	Not applicable
TDS	Not applicable
Nomination Facility	Applicable
Loan Against Deposit	Not permitted
Other Facilities	ATM-cum-Debit Card, Passbook/Pass sheet, Standing Instructions, Cheque Collection, Internet Mobile Banking(Canara ai1 app), etc.

Save with Canara Bank and watch your money grow. You’ll have easy access to your funds, flexible balance options, and interest added to your account every three months.

Canara Bank Savings Account Fees & Charges

You can find out about the main fees and charges for your Canara Bank Savings Account to help make your banking experience simpler.

Here is the list of the Fees and Charges of the Canara Bank Savings account:

Types of Fees	SB GENERAL	SB SELECT	SB POWER PLUS
MINIMUM BALANCE	MINIMUM BALANCE Average Monthly Balance of: ₹2000/- for Urban/Metro branches, ₹1000/- for Semi-Urban branches ₹500/- for Rural branches.	Average Monthly Balance of: ₹25,000/- for Metro branches, ₹20,000/- for Urban branches, ₹15,000/- for Semi-Urban branches,and ₹10,000/- for Rural branches.	₹1,00,000 Average Quarterly Balance to be maintained.
CASH REMITTANCE / DEPOSITS FACILITY	Available	Available	Free
CHEQUE BOOK	Available	Free 25 Cheque Leaves in a Calendar Year	Free, up to 300 Cheque Leaves per annum.
NEFT/RTGS FACILITY	Available	Free	Free

You can choose a premium account to enjoy higher balance benefits, unlimited cheques, and free NEFT or RTGS transactions.

Canara Bank Savings Account Types

Canara Bank offers different types of savings accounts to meet the needs of a wide range of customers.

Here is the list of the Types of Canara Bank savings accounts:

Types of Account	Details
SB GENERAL	Resident Individuals, Joint Accounts, Guardian on behalf of Minors, Associations, Trusts & Institutions, Clubs, etc. NRE / NRO Customers
SB SELECT	Individual
SB POWER PLUS ELIGIBILITY	Resident Individuals, Joint Accounts, Guardian on behalf of Minors, Associations, Trusts & Institutions, Clubs, etc. NRE / NRO Customers

You can pick from essential, premium, or NRI accounts, depending on your banking needs and where you live.

Conclusion

Canara Bank’s savings account gives you higher interest rates as your balance increases. If you pick the right account tier, you get extra features, save on fees, and use simple digital tools to help your money grow.

FAQs

What does Canara Bank offer the best foreign exchange rates?

Canara Bank sets its foreign exchange rates through its Integrated Treasury in Mumbai. This means all branches offer the same rates, which may change depending on market conditions.

Canara Bank for helping us relive the dial-up era in 2025. Who needs convenience when you can have nostalgia?

Canara Bank has been criticised for the reliability and speed of its digital services. Some customers have shown their frustration by comparing it to the old “dial-up era” of the internet.

How can I check the interest rate of my savings account?

To find out your savings account interest rate, look on your bank’s website, mobile app, or monthly statements. You can also call customer service for help. Most banks list the current Annual Percentage Yield (APY) or rate on their savings account pages.

Will it make a difference in savings bank account interest received if I make a big payment today or after 10 days in India?

Yes, if you delay a large payment by 10 days, you will earn a bit more interest on your savings account. Indian banks calculate interest daily based on your closing balance, so keeping a higher balance for those extra days helps you earn more. Even though the interest is credited quarterly or monthly, this small change can slightly increase your overall earnings over time.

Can I use UPI if my mobile number is not linked to the bank account?

No, you cannot use UPI if your mobile number is not linked to your bank account. Please make sure to register your number first to use UPI services.