Use the Canara Bank FD Calculator to determine the maturity amount for your FD by providing the Invested FD Amount, interest rate (p.a), and tenure details.

₹

%

Maturity Date | : |

Invested Amount | : ₹10,000 |

Interest Amount | : ₹666 |

Maturity Amount | : ₹10666 |

The Canara Bank FD Calculator helps you determine the interest you'll earn and maturity value for different FD amounts and tenures. Canara Bank FD offers competitive interest rates, with the highest rate being 6.90% for 1 year tenure. Just enter the principal amount, the fixed deposit tenure, and the fixed deposit interest rates in the calculator to instantly get the interest income and maturity value.

The **Canara Bank FD Calculator** enables you to swiftly estimate potential returns on fixed deposits, aiding in informed decision-making.

Here is the step-by-step guide:

1. Open the **FD Calculator page**.

2. Input the principal amount and interest rate, specifying the tenure in days, months, or years.

3. The calculator instantly generates results, displaying the maturity amount based on the provided information.

4. Users can experiment with different combinations of principal, tenure, and interest rates to find an investment strategy aligned with their financial goals.

The interest rates for Canara Bank Fixed Deposits change depending on the tenure. This gives depositors the freedom to choose what suits them best. For regular citizens, the FD rates range from 4.00% to 7.25% per annum, and for senior citizens, the rates range between 4.00% to 7.75% per annum. You can choose any time period between 7 days and 10 years for these rates to apply.

FD Tenure | Interest Rates (% p.a.) for Regular Citizens | Interest Rates (% p.a.) for Senior Citizens |
---|---|---|

7 days to 45 days* | 4.00 | 4.00 |

46 days to 90 days | 5.25 | 5.25 |

91 days to 179 days | 5.50 | 5.50 |

180 days to 269 days | 6.15 | 6.65 |

270 days to less than 1 year | 6.25 | 6.75 |

1 year | 6.90 | 7.40 |

444 days | 7.25 | 7.75 |

Above 1 year to less than 2 years | 6.85 | 7.35 |

2 years to less than 3 years | 6.85 | 7.35 |

3 years to less than 5 years | 6.80 | 7.30 |

5 years to 10 years | 6.70 | 7.20 |

Read More

Read Less

The Canara Bank Fixed Deposit Calculator plays a major role in calculating the maturity amount. The formula for calculating the maturity amount is as follows:

**A = P(1 + r/n)^(nt)**

where,

A is the maturity amount.

P is the principal amount,

r is the annual interest rate,

n is the number of times interest is compounded per year,

t is the tenure in years.

Suppose you invest ₹3,00,000 in a Canara Bank Fixed Deposit with the following details:

Principal amount (P): ₹3,00,000

Rate of interest (r): 7.75% per annum

Compounding frequency (n): Annual compounding (1 time a year)

Tenure (t): 3 years

Using the formula:

A = 3,00,000×(1+ 0.0775/1)^1×3

A = 3,00,000×(1.0775)^3

A = 3,00,000×1.2340

A = ₹3,77,684/-

Thus, the maturity amount after 3 years would be approximately ₹3,77,684. This calculation reflects the potential returns on a ₹3,00,000 deposit in Canara Bank Fixed Deposit with an annual interest rate of 7.75%.

The compound interest formula plays a crucial role in understanding how the interest accumulates. The formula is expressed as

**C.I = P {(1 + r/100)^t – 1}]**

Here,

C.I represents the compound interest,

P is the principal amount,

r is the annual interest rate, and

t is the tenure in years.

**Example:**

Consider an Canara Bank Fixed Deposit with the following details:

Principal amount (P): ₹3,00,000

Rate of interest (r): 7.75% per annum

Tenure (t): 3 years

Using the compound interest formula:

C.I = (3,00,000(1+ 0.0775)^3)) −3,00,000

C.I = (3,00,000×(1.0775)^3) −3,00,000

C.I = (3,00,000×1.1627) −3,00,000

C.I = ₹75,295/-

In this example, the compound interest earned on a ₹3,00,000 Canara Bank Fixed Deposit with a 7.75% annual interest rate over 3 years would be approximately ₹75,295. This calculation accounts for the compounding effect, reflecting the total interest accrued on the investment.

The Canara Bank FD calculator offers a seamless process, ensuring hassle-free calculations for interest income and maturity values. With its user-friendly interface, you can explore multiple scenarios, customizing values to align your investment strategy with your financial goals.

**Choosing the Right Tenure:**By inputting different tenures such as days, months and years, users can assess how the duration of their fixed deposit affects the interest earned and the maturity value.**User-Friendly and Hassle-Free Calculation:**The simple interface make it easy for individuals to navigate and use the calculator efficiently.**Multiple Use and Value Customization:**Users can utilize the calculator multiple times and experiment with different values. This flexibility empowers users to choose their fixed deposit plans according to their financial preferences and goals.

**Are you in need of a personal loan? Apply online and get instant approval**

- Buddy Calculators
- FD Calculator
- RD Calculator
- EMI Calculator
- SIP Calculator
- MF Calculator
- PPF Calculator
- NSC Calculator
- EPF Calculator
- GST Calculator
- Simple Interest Calculator
- Compound Interest Calculator
- Sukanya Samriddhi Yojana (SSY) Calculator
- Mahila Samman Saving Certificate Calculator
- NPS Calculator
- APY Calculator
- Gratuity Calculator
- TDS Calculator
- Senior Citizen Saving Scheme Calculator
- KVP Calculator
- Post Office FD Calculator
- Post Office RD Calculator
- Post Office Monthly Income Scheme Calculator

- SBI Personal Loan EMI Calculator
- PNB Personal Loan EMI Calculator
- HDFC Bank Personal Loan EMI Calculator
- IDFC Bank Personal Loan EMI Calculator
- ICICI Bank Personal Loan EMI Calculator
- Bank of Baroda Personal Loan EMI Calculator
- Kotak Personal Loan EMI Calculator
- Axis Bank Personal Loan EMI Calculator
- Bank of India Personal Loan EMI Calculator
- Induslnd Bank Personal Loan EMI calculator
- IDBI Bank Personal Loan EMI Calculator
- Bandhan Bank Personal Loan EMI Calculator
- Union Bank of India Personal Loan EMI Calculator
- Indian Bank Personal Loan EMI Calculator
- RBL Bank Personal Loan EMI Calculator
- Yes Bank Personal Loan EMI Calculator
- Canara Bank Personal Loan EMI Calculator
- Indian Overseas Bank Personal Loan EMI Calculator
- Standard Chartered Personal Loan EMI Calculator
- UCO Bank Personal Loan EMI Calculator
- Citi Bank Personal Loan EMI Calculator
- Central Bank of India Personal Loan EMI Calculator
- Federal Bank Personal Loan EMI Calculator

- Navi EMI Calculator
- Bajaj Finance Personal Loan EMI Calculator
- Mpokket EMI Calculator
- LoanTap Personal Loans EMI Calculator
- KreditBee Personal Loan EMI Calculator
- MoneyView EMI Calculator
- Tata Capital EMI Calculator
- L&T Finance Personal Loan EMI Calculator
- Fullerton Personal Loan EMI Calculator
- Cashe Personal Loan EMI Calculator
- Stashfin Personal Loan EMI Calculator
- Muthoot Finance Personal Loan EMI Calculator
- Incred Personal Loan EMI Calculator
- Lendingkart Business Loan EMI Calculator
- Fibe Personal Loan EMI Calculator
- Dhani Loans EMI Calculator
- Faircent EMI Calculator
- Money Tap Personal Loan EMI Calculator
- HDB Personal Loan EMI Calculator

- SBI FD Calculator
- HDFC FD Calculator
- Axis Bank FD Calculator
- ICICI Bank FD Calculator
- PNB FD Calculator
- Bank of Baroda FD Calculator
- Kotak Mahindra Bank FD Calculator
- IndusInd Bank FD Calculator
- Union Bank FD Calculator
- Yes Bank FD Calculator
- Bank of India FD Calculator
- Indian Bank FD Calculator
- IDFC Bank FD Calculator
- UCO Bank FD Calculator
- IDBI Bank FD Calculator
- RBL Bank FD Calculator
- Central Bank of India FD Calculator
- Karnataka Bank FD Calculator
- Bank of Maharashtra FD Calculator
- Federal Bank FD Calculator
- KVB FD Calculator
- TMB FD Calculator
- CUB Bank FD Calculator
- Indian Overseas Bank FD Calculator
- South Indian Bank FD Calculator
- Allahabad Bank FD Calculator
- JK Bank FD Calculator
- Dhanlaxmi Bank FD Rates
- Catholic Syrian Bank FD Calculator
- LVB FD Calculator
- Nainital Bank FD Calculator

**Canara Bank FD Calculator** helps estimate the interest and maturity amount for fixed deposits. It works by using the provided principal amount, tenure, and applicable interest rates to perform calculations based on the compound interest formula.

**Buddy Loan** website, navigate to the FD Calculator page, and input the required details such as principal amount, tenure, and interest rate to access the calculator.

Yes, the calculator takes compounding interest into account when estimating fixed deposit returns.

Display of trademarks, trade names, logos, and other subject matters of Intellectual Property displayed on this website belongs to their respective intellectual property owners & is not owned by Bvalue Services Pvt. Ltd. Display of such Intellectual Property and related product information does not imply Bvalue Services Pvt. Ltd company’s partnership with the owner of the Intellectual Property or proprietor of such products.

Please read the Terms & Conditions carefully as deemed & proceed at your own discretion.