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Canara Bank FD Calculator
Fixed Deposits (FDs) are among the safest investment options, offering guaranteed returns with minimal risk. Canara Bank, a trusted public sector bank, provides competitive FD interest rates across various tenures. The Canara Bank FD Calculator on this page helps you estimate the maturity amount and interest earned on your fixed deposit based on the investment amount, tenure, and applicable interest rate.
Features of the Canara Bank Fixed Deposits Calculator
- Accurate Maturity Calculation: Get precise estimations of your total maturity amount and interest earned based on your input values.
- Customizable Inputs: Choose your deposit amount, tenure, and applicable interest rates for personalized results.
- Compounding Frequency: The tool accounts for different compounding intervals, ensuring accurate calculations (monthly, quarterly, or yearly compounding).
- User-Friendly Interface: An intuitive and simple design, making it easy for anyone to use.
How to Use the Canara Bank FD Calculator?
- Enter the Principal Amount: Input the amount you wish to invest in a Canara Bank FD.
- Select the Tenure: Choose the duration of the FD, from a minimum of 7 days to a maximum of 10 years.
- Choose the Interest Rate: The calculator will automatically display the current interest rate for Canara Bank FDs. You can adjust this based on the specific scheme.
- Select Compounding Frequency: Choose how often the interest is compounded—monthly, quarterly, or annually.
- Click 'Calculate': Instantly view the maturity amount and total interest earned.
Canara Bank FD Interest Rates 2025
Canara Bank offers attractive interest rates across various FD tenures, making it an ideal choice for both short-term and long-term investments.
Tenure | Interest Rate (General Public) | Interest Rate (Senior Citizens) |
---|---|---|
7 days to 45 days | 3.25% | 3.75% |
46 days to 90 days | 3.75% | 4.25% |
91 days to 179 days | 4.25% | 4.75% |
180 days to 1 year | 5.25% | 5.75% |
1 year to 2 years | 6.00% | 6.50% |
2 years to 3 years | 6.25% | 6.75% |
3 years to 5 years | 6.50% | 7.00% |
5 years to 10 years | 6.75% | 7.25% |
Why Choose Canara Bank Fixed Deposits?
- Attractive Interest Rates: Canara Bank offers competitive rates for both regular and senior citizens, maximizing your returns.
- Flexible Tenure Options: With tenures ranging from 7 days to 10 years, you can choose the FD that best suits your financial goals.
- Safety & Security: Canara Bank, being one of the top public sector banks in India, ensures that your investment is safe and returns are guaranteed.
- Premature Withdrawal Facility: Canara Bank allows premature withdrawal of FDs, although penalties may apply.
Canara Bank FD Interest Rate Calculation Formula
The interest earned on a Canara Bank FD can be calculated using the following formula: A = P (1 + r/n)^(nt) Where:
A = Maturity Amount
P = Principal Amount (deposit)
r = Annual Interest Rate
n = Compounding frequency (quarterly, monthly, or annually)
t = Time period (tenure of the FD)
Benefits of Using Our Canara Bank FD Calculator
Time-Saving: Calculate your potential returns in seconds without manual computations.
Tailored Results: Adjust the inputs based on the FD scheme you're interested in to get accurate estimates.
Improved Financial Planning: Knowing the exact maturity amount helps you plan your investments better.
- Fixed Deposit
- Introduction
- What is Fixed Deposit?
- Who offers FDs?
- Types of Fixed Deposits
- Current FD Interest Rates in India
- Eligibility Criteria for FDs
- Documents Required
- Lock-In Period for Fixed Deposits
- Benefits of Fixed Deposits
- Limitations of Fixed Deposits
- Loan against FD
- Who should invest in FDs?
- Taxation on FD Interest
- FD Interest Rates
- Introduction
- Factors Influencing FD Interest Rates
- Special Features of Bank FD Interest Rates
- FD Interest Rates in India 2024 – Regular & Senior Citizen Rates
- Key Terms Related to Fixed Deposit Interest Rates
- FD Interest Rate Calculator
- Taxation on FD Interest Rates
- Tax-Saving FDs
- Flexi Fixed Deposit