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Canara Bank FD Rates: Days after the Reserve Bank of India announced repo rate cut for June, top lenders, including Canara Bank revised their fixed deposit (FD rates), personal loan and home loan interest rates. While FD rates have been reduced making the investment instrument lesser attractive for risk-averse investors, reduction in loan interest rates may have made borrowing easier.
Canara Bank's revised home loan and personal loan rates came into effect from Thursday, June 12. Reduction in Canara Bank loan rates either reduces loan EMIs or leads to a shortening EMI loan tenure. Whereas, Canara Bank FD rates may result in falling returns on fixed deposits.
Canara Bank Home Loan And Personal Loan Rates
As per the revised Canara Bank update, if the home loan is based on RLLR from Canara Bank, then either the EMI will reduce or the loan period will decline. As a result, the revised interest rates would help improve the affordability of loans for the customers and boost credit facility.
Revision of loan and FD rates has come after reduced repo rate by 50 basis points from 6% to 5.5%. Canara Bank has decreased its Repo Linked Lending Rate (RLLR) from 8.75% to 8.25% from 12 June, 2025.
Canara Bank's decision aims to offer more affordable credit options to customers. If your loan is linked to Canara Bank's RLLR, you might see a reduction in your EMI or a shorter loan tenure. This adjustment aligns with the bank's goal of making loans more accessible.
HOUSING LOAN INTEREST RATES
| Segment | CRP-PRIME | CRP | ROI | ROI (Women) | EBR | Final ROI | Final ROI (Women) |
|---|---|---|---|---|---|---|---|
| Sanctioned Limit: Up to ₹30.00 Lakh | |||||||
| CRG - 1 | 8.25 | 0.00 | 8.25 | 8.25 | 4.75 | 7.50 | 7.50 |
| CRG - 2 | 8.25 | 0.20 | 8.45 | 8.45 | 4.75 | 7.70 | 7.70 |
| CRG - 3 | 8.25 | 0.45 | 8.70 | 8.70 | 4.75 | 7.95 | 7.95 |
| CRG - 4 | 8.25 | 1.45 | 9.70 | 9.70 | 4.75 | 8.95 | 8.95 |
| Segment | CRP-PRIME | CRP | ROI | ROI (Women) | EBR | Final ROI | Final ROI (Women) |
|---|---|---|---|---|---|---|---|
| Sanctioned Limit: Above ₹30.00 Lakh to ₹75.00 Lakh | |||||||
| CRG - 1 | 8.25 | 0.00 | 8.25 | 8.25 | 4.80 | 7.55 | 7.55 |
| CRG - 2 | 8.25 | 0.20 | 8.45 | 8.45 | 4.80 | 7.75 | 7.75 |
| CRG - 3 | 8.25 | 0.45 | 8.70 | 8.70 | 4.80 | 8.00 | 8.00 |
| CRG - 4 | 8.25 | 1.45 | 9.70 | 9.70 | 4.80 | 9.00 | 9.00 |
| Segment | CRP-PRIME | CRP | ROI | ROI (Women) | EBR | Final ROI | Final ROI (Women) |
|---|---|---|---|---|---|---|---|
| Sanctioned Limit: Above ₹75.00 Lakh to ₹200.00 Lakh | |||||||
| CRG - 1 | 8.25 | 0.00 | 8.25 | 8.25 | 4.85 | 7.40 | 7.40 |
| CRG - 2 | 8.25 | 0.20 | 8.45 | 8.45 | 4.85 | 7.60 | 7.60 |
| CRG - 3 | 8.25 | 0.45 | 8.70 | 8.70 | 4.85 | 7.85 | 7.85 |
| CRG - 4 | 8.25 | 1.45 | 9.70 | 9.70 | 4.85 | 8.85 | 8.85 |
| Segment | CRP-PRIME | CRP | ROI | ROI (Women) | EBR | Final ROI | Final ROI (Women) |
|---|---|---|---|---|---|---|---|
| Sanctioned Limit: Above ₹200.00 Lakh | |||||||
| CRG - 1 | 8.25 | 0.00 | 8.25 | 8.25 | 4.85 | 7.45 | 7.45 |
| CRG - 2 | 8.25 | 0.20 | 8.45 | 8.45 | 4.85 | 7.65 | 7.65 |
| CRG - 3 | 8.25 | 0.45 | 8.70 | 8.70 | 4.85 | 7.90 | 7.90 |
| CRG - 4 | 8.25 | 1.45 | 9.70 | 9.70 | 4.85 | 8.90 | 8.90 |
Canara Bank Revises FD Rates
Apart from boosting credit facility with reduced lending rates, Canara Bank has also slashed FD rates for deposits less than Rs 3 crore. Canara Bank has reduced FD rates in the range between 4-7% for general customers and 4-7.5% for senior citizens against 4-7.5% for senior citizens and 4.7-7.75% for general public and senior citizens as on 10 April, 2025.
Domestic Term Deposits (Callable) – Less than ₹3 Crore
| Term Deposits (All Maturities) | General Public Rate of Interest (% p.a.) | General Public Annualised Interest Yield (% p.a.) | Senior Citizen Rate of Interest (% p.a.) | Senior Citizen Annualised Interest Yield (% p.a.) |
|---|---|---|---|---|
| 7 Days to 45 Days | 3.50 | 3.55 | 4.00 | 4.06 |
| 46 Days to 90 Days | 4.50 | 4.58 | 5.00 | 5.10 |
| 91 Days to 179 Days | 4.75 | 4.84 | 5.25 | 5.35 |
| 180 Days to 269 Days | 5.75 | 5.88 | 6.25 | 6.40 |
| 270 Days to less than 1 Year | 6.00 | 6.14 | 6.50 | 6.66 |
| 1 Year & above to 1 year 3 months only | 6.50 | 6.66 | 7.00 | 7.19 |
| 444 Days | 6.60 | 6.77 | 7.10 | 7.29 |
| Above 1 Year 3 months to less than 2 Years | 6.50 | 6.66 | 7.00 | 7.19 |
| 2 Years & above to less than 3 Years | 6.50 | 6.66 | 7.00 | 7.19 |
| 3 Years & above to less than 5 Years | 6.50 | 6.66 | 7.00 | 7.19 |
| 5 Years & above to 10 Years | 6.50 | 6.66 | 7.00 | 7.19 |
The recent cuts in interest rates will help borrowers in completing their loans before their fixed duration and make lending more affordable. Lower EMIs can ease monthly budgets and also improve the possibility of taking new loans. These rate cuts have come into effect from June 12.
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