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PNB, Canara Bank revise FD interest rates: check list

By · Published by Everything Blog

In short

Canara Bank updated its returns for deposits under Rs 3 crore, lifting select tenures by as much as 15 basis points. Its highest returns appear on a specialized 555-day maturity, whereas Punjab National Bank concentrated its peak interest offering on a 444-day window. Both institutions continue to provide an additional 50-basis-point premium to senior citizens across their headline tenures.

Key points

  • Senior citizens obtain top yields between 7.10% and 7.25% across the two public sector le…: Senior citizens obtain top yields between 7.10% and 7.25% across the two public sector lenders.
  • General public deposit rates at Punjab National Bank start as low as 3.00% for short peri…: General public deposit rates at Punjab National Bank start as low as 3.00% for short periods of seven to 45 days.
  • Canara Bank deposits stretching from two to ten years provide a lower return of 6.25% to…: Canara Bank deposits stretching from two to ten years provide a lower return of 6.25% to general depositors.

Sources checked by our analysis pipeline: 1

Two public sector banks, Punjab National Bank (PNB) and Canara Bank , have revised their fixed deposit (FD) interest rates with effect from November 1 and 2, 2026, respectively. Following the revisions, Canara Bank offers a maximum interest rate of 6.75% to general public and 7.25% to senior citizens. PNB, meanwhile, offers up to 6.60% to general public and 7.10% to senior citizens.

Earlier, Bank of India had also revised FD interest rates.

Canara Bank is offering its highest interest rate on the 555-day special fixed deposit scheme. Canara Bank has increased the rate on this tenure from 6.60% to 6.75% for general public. On the same FD, senior citizens will now earn a 7.25% interest rate, up from the earlier 7.10% rate.

Canara Bank is also offering attractive rates on its 444-day special deposit scheme. General citizens can earn 6.65%, while senior citizens are eligible for an interest rate of 7.15% on the 444-day FD.

The revised Canara Bank FD interest rates apply to domestic term deposits below Rs 3 crore. Customers planning to invest in a Canara Bank…

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