How to Open a Canara Bank Fixed Deposit
Canara Bank offers various fixed deposit (fd) schemes at competitive interest rates in various tenure ranges. One can easily apply for a Canara Bank fd online without any hassle by with minimal documentation.
The minimum investment one can make towards a Canara Bank fd is Rs.1,000 and there is no upper limit on the maximum amount that can be invested.
The minimum tenure for which one can hold a deposit in this bank is 15 days, while the maximum is 120 months. All senior citizens will be eligible to avail an additional 0.50% interest, which is over and above the interest rate provided to other individuals.
Stepwise Process To Apply For Canara Bank Fixed Deposit Online
Step 1: Log on to the Canara Bank website and login to internet banking by providing username and password
Step 2: Go to the term deposit opening window and select the 'New Account' option to open a fresh term deposit
Step 3: From the drop down menu, choose the 'Deposit Product' and source account from where funds will be transferred
Step 4: Choose other details such as the type of deposit, amount of investment and tenure range
Step 5: Choose the interest pay plan, which is the frequency at which interest should be paid
Step 6: Select the mode of interest payment, which falls under 'Interest Instructions'. Go to 'Account Transfer' and 'Add to Principal' to do so
Step 7: Choose the account to which interest should be paid. Key in the account number
Step 8: Go to 'Principal Instructions' and choose how and where the money should be credited upon maturity
Step 9: After filling in all details, verify the same and click on 'Open Deposit'
Step10: Click 'Confirm' and provide the transaction password. An account opening confirmation message will be displayed on the screen.
Documents required for Canara Bank fixed deposit
Identity Proof :
- Passport
- Aadhaar card
- PAN card
- Voter ID card
- Driving Licence
- Government ID card
- Photo ration card
- Senior citizen ID card
Address Proof :
- Passport
- Telephone bill
- Electricity bill
- Bank Statement with Cheque
- Certificate/ ID card issued by Post office
Apply for Other Banks FD
- Apply for SBI FD
- Apply for HDFC FD
- Apply for Axis Bank FD
- Apply for Post Office FD
- Apply for IDBI Bank FD
- Apply for Bank of India FD
- Apply for Bank of Maharashtra FD
- Apply for Union Bank FD
- Apply for Indian Bank FD
- Apply for Central Bank of India FD
- Apply for IOB FD
- Apply for Abhyudaya Bank FD
- Apply for Oriental Bank FD
- Apply for IndusInd Bank FD
- Apply for Standard Chartered Bank FD
- Apply for Yes Bank FD
- Apply for Kotak Bank FD
- Apply for PNB FD
- Apply for RBL Bank FD
- Apply for HSBC Bank FD
- Apply for Bank of Baroda FD
- Apply for KVB FD
- Apply for Federal Bank FD
FAQs on Canara Bank FD Application
- Is it required to hold an account with Canara Bank to open an fd online?
Internet banking services are only provided for existing customers. New users will first have to ask the bank for an internet banking ID and password.
- Who is eligible to avail net banking services?
All Canara Bank customers are eligible to avail internet banking facilities. One can apply for the service by filing an application with a respective Canara Bank branch.
- Is it possible to open an fd in Canara Bank offline?
Yes.
- Does Canara Bank levy any fee for opening an fd?
No.
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