Canara Bank NRO Scheme

The Canara Bank NRO tenure ranges from min 7 Days to max 10 Year 2 Days . The ROI ranges from 4.00% to 6.85 % 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	4.00% p.a.	4.00% p.a.
1 Months 16 Days Upto 3 Months	5.25% p.a.	5.25% p.a.
3 Months 1 Days Upto 5 Months 29 Days	5.50% p.a.	5.50% p.a.
6 Months Upto 8 Months 29 Days	6.15% p.a.	6.65% p.a.
9 Months Upto 1 Year	4.65% p.a.	5.15% p.a.
1 Year 1 Days Upto 2 Year	6.85% p.a.	7.35% p.a.
2 Year Upto 3 Year	6.85% p.a.	7.35% p.a.
3 Year Upto 5 Year 1 Days	6.80% p.a.	7.30% p.a.
5 Year 1 Days Upto 10 Year 2 Days	6.70% p.a.	7.20% p.a.
Upto 1 Year	6.85% p.a.	7.35% 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	4.00% to 6.85 %
Senior Citizen	4.00% to 7.35 %
Amount	--

*Interest rates are subject to change at the discretion of the bank. These Interest rates are with effect from 10 November 2021.