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Canara Bank NRO Scheme
The Canara Bank NRO tenure ranges from min 7 Days to max 10 Year 2 Days . The ROI ranges from 2.90% to 5.75 % for the general public. The lock-in period for this scheme is 5 Year
Canara Bank NRO Scheme for amount below ₹ 2.0 Cr
The rate of interest for deposited amount less than ₹ 2.0 Cr is as below
Tenure | Interest Rate for General Public (p.a.) | Interest Rates for Senior Citizens (p.a.) |
|---|---|---|
| 7 Days Upto 1 Months 15 Days | 2.90% p.a. | 2.90% p.a. |
| 1 Months 16 Days Upto 3 Months | 4.00% p.a. | 4.00% p.a. |
| 3 Months 1 Days Upto 5 Months 29 Days | 4.05% p.a. | 4.05% p.a. |
| 6 Months Upto 8 Months 29 Days | 4.65% p.a. | 5.15% p.a. |
| 9 Months Upto 1 Year | 4.65% p.a. | 5.15% p.a. |
| 1 Year 1 Days Upto 2 Year | 5.55% p.a. | 6.05% p.a. |
| 2 Year Upto 3 Year | 5.60% p.a. | 6.10% p.a. |
| 3 Year Upto 5 Year 1 Days | 5.75% p.a. | 6.25% p.a. |
| 5 Year 1 Days Upto 10 Year 2 Days | 5.75% p.a. | 6.25% p.a. |
| Upto 1 Year | 5.50% p.a. | 6.00% p.a. |
Key features of Canara Bank NRO Scheme
Summary of Canara Bank NRO Scheme features :
| Mutual Fund Schemes | NRO |
| CRISIL Rating | AA+CRISIL Rating |
| Lock-in Days | 5 Year |
| Loan Against FD | NA |
| Pre-mature Withdrawal | -- |
| FD Nominee | Yes |
| Tenure | 7 Days to 10 Year 2 Days |
| General Public | 2.90% to 5.75 % |
| Senior Citizen | 2.90% to 6.25 % |
| Amount | -- |
*Interest rates are subject to change at the discretion of the bank. These Interest rates are with effect from 10 November 2021.
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