Updated 05 Sep 2023
For decades, Fixed Deposits (FDs) have been one of the most trusted investment avenues in India. Not only do they offer safety but also a fixed return on your hard-earned money. Canara Bank, one of the pioneer banking institutions in India, provides an array of FD schemes, tailored to meet various financial needs. If you're contemplating opening an FD account with Canara Bank, here’s a comprehensive guide to help you through the process.
If you're already a Canara Bank account holder, opening an FD is straightforward. Both online and offline methods are available:
Online way
Offline way
To invest in Canara Bank's Fixed Deposits, the following entities/persons are eligible:
Identity Proofs
Address Proofs
If a PAN card is unavailable, one should present forms 60 and 61.
What is the minimum amount of FD one can open in Canara Bank?
One can open an FD with a minimum amount of ₹1000/- in Canara Bank.
Can investors apply for a loan against all Canara Bank FDs?
No, investors cannot secure a loan against the Canara Tax saver term deposit scheme.
Is Canara Bank FD safe?
Yes, Canara Bank fixed deposits are secure. They are insured for up to ₹ 5 lakh, which includes both the principal and interest amount, under the Deposit Insurance and Credit Guarantee Corporation (DICGC) as per RBI guidelines.
Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.