Founded in 1906, Canara Bank is one of India’s largest and most trusted public sector banks. Over the decades, it has built a reputation for stability, reliability, and customer-first services. From innovative deposit schemes to specialized loan products, Canara Bank continues to evolve in line with the changing needs of customers. Whether you’re looking for fixed deposits, loans, or digital banking solutions, Canara Bank offers something for everyone.
Canara Bank Deposit Services Overview
Canara Bank FD Rates 2025
Fixed deposits remain a cornerstone for risk-free investments in India. Canara Bank FD rates in 2025 are highly competitive, ranging between 3.50% and 7.25% depending on the tenure. Customers can choose flexible deposit terms from 7 days to 10 years, making it suitable for both short-term savers and long-term investors.
Canara Bank Senior Citizen FD Rates
Senior citizens enjoy an additional 0.50% interest rate across most tenures. For example, if a standard depositor receives 6.50%, a senior citizen could lock in at 7.00%. This ensures retirees have a safe and steady income stream, which is vital in today’s unpredictable financial environment.
Canara Bank Deposit Rates vs. Market Competitors
Compared with private banks, Canara Bank deposit rates often offer better returns for longer tenures. While some banks reduce long-term interest payouts, Canara Bank ensures customer-friendly rates with transparency and reliability.
Canara Bank 666 Scheme Explained
The Canara Bank 666 Scheme is a special fixed deposit option introduced for customers seeking higher returns within a limited timeframe. It runs for 666 days (approximately 22 months), offering higher-than-usual interest rates, making it popular among both regular and senior depositors.
Key Features of Canara Bank 666 Scheme
- Tenure: 666 days
- Higher FD interest rates compared to standard schemes
- Premature withdrawal allowed (with nominal penalty)
- Available for both individuals and senior citizens
Eligibility and Benefits
Any Indian resident with a savings account at Canara Bank can apply. The Canara Bank 666 Scheme is ideal for short- to mid-term savers who want to maximize their returns without committing to a 5-year lock-in.
Canara Bank Loan Offerings
Canara Bank Agriculture Gold Loan Interest Rate 2021
Agriculture remains the backbone of India, and Canara Bank supports farmers with its agriculture gold loan schemes. In 2021, the interest rate started from just 7.25%, providing affordable credit for crop cultivation, equipment purchase, and other farm needs. The bank continues to revise rates periodically, ensuring farmers receive cost-effective credit.
Canara Bank Foreign Education Loan
For students aspiring to study abroad, Canara Bank foreign education loans are a lifeline. These loans cover tuition fees, living expenses, travel costs, and even exam fees. With competitive interest rates and moratorium periods extending until course completion plus one year, students can focus on academics without worrying about immediate repayments.
Other Personal and Business Loans
Beyond agriculture and education, Canara Bank offers a wide range of loans including:
- Housing loans
- MSME loans
- Personal loans
- Vehicle loans
Each product is tailored with flexible repayment terms and competitive interest rates.
Canara Bank Insurance Products
Canara Bank Term Insurance
Canara Bank term insurance provides financial protection to families at affordable premiums. It ensures that in case of unforeseen events, dependents are financially secure.
Canara Bank Term Plan vs. Term Policy
While Canara Bank term plan refers to structured packages offering life cover for a specific period, Canara Bank term policy emphasizes policyholder benefits such as claim settlement ratios, flexibility, and premium affordability.
Canara HSBC Oriental Bank of Commerce Life Insurance
Through a joint venture, Canara Bank collaborates with HSBC and Oriental Bank of Commerce to provide a wide range of life insurance products. These plans combine global expertise with local understanding, offering robust coverage options.
Canara Bank Digital Banking Solutions
Canara Internet Banking
Digital transformation is central to Canara Bank’s strategy. Canara internet banking empowers customers to transfer funds, pay bills, and access banking services without visiting a branch.
Canara Bank Net Banking Features
- Fund transfers via NEFT, RTGS, IMPS
- Online FD booking
- Loan applications and insurance renewals
- 24/7 account monitoring
Security Measures and User Benefits
The bank incorporates two-factor authentication, OTP-based logins, and encryption to ensure safe transactions.
Canara Bank Interest Rates: Comprehensive Insights
Canara Bank interest rates span across deposits, loans, and specialized schemes. From fixed deposits to agriculture loans, the rates are customer-friendly, balancing both affordability and profitability.
Why Choose Canara Bank in 2025?
- Competitive FD and loan rates
- Digital-first banking convenience
- Specialized schemes like the Canara Bank 666 Scheme
- Strong insurance and term plan offerings
- Legacy of trust and customer satisfaction
Frequently Asked Questions (FAQs)
Q1. What is the Canara Bank 666 Scheme?
It’s a special FD scheme with a 666-day tenure offering higher returns.
Q2. What are Canara Bank senior citizen FD rates?
Senior citizens enjoy an additional 0.50% interest across most FD tenures.
Q3. Does Canara Bank provide foreign education loans?
Yes, Canara Bank offers education loans for studying abroad, covering tuition and living expenses.
Q4. What was the Canara Bank agriculture gold loan interest rate in 2021?
It started at around 7.25%, benefiting farmers with affordable credit.
Q5. What is the difference between Canara Bank term plan and term policy?
A term plan refers to structured coverage, while a term policy emphasizes features like flexibility and settlement ratios.
Q6. How secure is Canara Bank net banking?
It uses OTPs, two-factor authentication, and encryption for secure transactions.
Conclusion
Canara Bank’s offerings in 2025 span FDs, loans, insurance, and digital services, ensuring something usefull for all citizens