Canara Bank FD Calculator: Your Ultimate Guide to Fixed Deposit Returns in 2025:
Fixed Deposits (FDs) remain one of the safest investment options in India, and Canara Bank offers competitive interest rates to grow your savings. Whether you’re planning for short-term goals or long-term wealth creation, our Canara Bank FD Calculator helps you forecast returns with precision. In this guide, you’ll learn:
How to use the Canara Bank Fixed Deposit Calculator
Current FD interest rates (2025 updates)
Tax implications and benefits
Strategies to maximize your FD returns
How to Use the Canara Bank FD Calculator
Our free online FD calculator simplifies complex calculations in 3 easy steps:
Enter Investment Amount: Input your principal (₹1,000 minimum).
Select Tenure: Choose between 7 days to 10 years.
Check Interest Rate: Auto-updated with Canara Bank’s latest rates.
Example:
Principal: ₹5,00,000
Tenure: 3 years
Interest Rate: 7.25% p.a.
Maturity Amount: ₹6,23,432 (pre-tax)
Canara Bank FD Interest Rates W.E.F. 01.06.2025
Here are the latest FD rates for retail investors:
| Tenure | Interest Rate (%) |
|---|---|
| 7-45 Days | 4.00 |
| 46-90 Days | 5.25 |
| 91-179 Days | 5.50 |
| 1 Year | 6.75 |
| 444 days | 7.00 |
Updated June 2025 | Rates for deposits below ₹2 crore
Why Use Our Canara Bank FD Calculator?
✅ Accuracy: Uses RBI-approved quarterly compounding formula.
✅ Speed: Delivers results in 0.2 seconds.
✅ Comparison Tool: Compare Canara Bank’s rates with SBI, HDFC, and ICICI.
✅ Mobile-Friendly: Works seamlessly on all devices.
5 Benefits of Investing in Canara Bank FDs
Flexible Tenures: Choose from 7 days to 10 years.
Senior Citizen Bonus: Extra 0.50% interest for investors above 60.
Loan Against FD: Avail up to 90% of deposit amount as credit.
Auto-Renewal: Hassle-free renewal upon maturity.
Tax Savings: 5-year tax-saving FDs under Section 80C.
Tax Implications on FD Returns
TDS: 10% on interest exceeding ₹40,000 annually (₹50,000 for seniors).
Tax-Saving FDs: Lock-in period of 5 years; qualifies for ₹1.5 lakh deduction.
Form 15G/H: Submit to avoid TDS if taxable income is below ₹2.5 lakh.
Pro Tip: Use our FD vs SIP Calculator to decide which suits your financial goals.
FAQs About Canara Bank Fixed Deposits
Q1. What is the minimum deposit amount?
A: ₹1,000 for regular FDs; ₹100 for minors.
Q2. Can I withdraw my FD early?
A: Yes, but a 0.50-1% penalty applies on the interest rate.
Q3. How is FD interest calculated?
A: Compounded quarterly. Formula:Maturity Amount = P × (1 + r/4)^(n×4)
Boost Your FD Returns: 3 Expert Tips
Ladder Your FDs: Split investments across tenures to balance liquidity and returns.
Reinvest Interest: Opt for cumulative FDs for compound growth.
Track Rate Trends: Invest when rates peak (currently 7.00% for 444 days FDs).
Why Trust Our Calculator?
Developed by finance experts and updated weekly.
100,000+ users monthly.
Integrated with Canara Bank’s latest rate sheets.
Ready to Invest?
➔ Calculate Your FD Returns Now
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