PNB and Canara Bank FD rates have been revised on selected deposit tenures, giving fixed deposit investors an opportunity to earn higher returns.
The revised rates came into effect from November 1 at Punjab National Bank and November 2 at Canara Bank in 2026.
Following the changes, Canara Bank is offering a maximum interest rate of 6.75% to general customers and 7.25% to senior citizens.
PNB is offering up to 6.60% to general customers and 7.10% to senior citizens. The revised rates apply to domestic term deposits below ₹3 crore.
 Canara Bank FD Interest Rates After Revision
Canara Bank increased interest rates on selected fixed deposit tenures by up to 15 basis points from November 2, 2026.
Its 555-day special FD now offers 6.75% interest to general customers, compared with the earlier rate of 6.60%.
Senior citizens investing in the same 555-day deposit can earn 7.25%, up from 7.10%. The bank also offers 6.65% to general customers and 7.15% to senior citizens on its 444-day special FD.
The revised rates for deposits below ₹3 crore are as follows:
| FD tenure | General customers | Senior citizens |
|---|---|---|
| 7–45 days | 3.00% | 3.00% |
| 46–90 days | 4.00% | 4.00% |
| 91–179 days | 4.25% | 4.25% |
| 180–269 days | 5.25% | 5.75% |
| 270 days to less than 1 year | 5.50% | 6.00% |
| 1 year to 1 year 3 months, excluding 444 days | 6.40% | 6.90% |
| 444 days | 6.65% | 7.15% |
| 555 days | 6.75% | 7.25% |
| Above 1 year 3 months to less than 2 years, excluding 555 days | 6.25% | 6.75% |
| 2 years to less than 3 years | 6.25% | 6.75% |
| 3 years to less than 5 years | 6.25% | 6.75% |
| 5 years to 10 years | 6.25% | 6.75% |
All rates are annual interest rates. The actual return will depend on the deposit amount, tenure and applicable interest payout option.
PNB FD Interest Rates From November 1, 2026
Punjab National Bank revised its fixed deposit interest rates from November 1, 2026. After the revision, general customers can earn between 3% and 6.60%, depending on the deposit period.
Senior citizens are eligible for higher rates, with the maximum interest rate reaching 7.10% on the 444-day special FD.
The revised rates for deposits below ₹3 crore include:
| FD tenure | General customers | Senior citizens |
|---|---|---|
| 7–14 days | 3.00% | 3.50% |
| 15–45 days | 3.00% | 3.50% |
| 46–90 days | 5.50% | 6.00% |
| 91–179 days | 5.75% | 6.25% |
| 180–270 days | 6.00% | 6.50% |
| 271–302 days | 6.00% | 6.50% |
| 303 days | 5.95% | 6.45% |
| 304 days to less than 1 year | 6.00% | 6.50% |
| 1 year | 6.25% | 6.75% |
| More than 1 year to 443 days | 6.30% | 6.80% |
| 444 days | 6.60% | 7.10% |
| 445–665 days | 6.30% | 6.80% |
| 666 days | 6.50% | 7.00% |
| 667 days to 2 years | 6.30% | 6.80% |
| More than 2 years to 3 years | 6.30% | 6.80% |
| More than 3 years to 1,203 days | 6.35% | 6.85% |
| 1,204 days | 6.30% | 6.80% |
| 1,205 days to 5 years | 6.35% | 6.85% |
| More than 5 years to 10 years | 6.00% | 6.80% |
The 444-day deposit offers PNB’s highest stated rates under this revision. Investors should check the bank’s latest deposit terms before booking an FD.
 Which Bank Offers the Higher FD Interest Rate?
For the special deposit periods highlighted in the revision, Canara Bank offers up to 6.75% to general customers and 7.25% to senior citizens on its 555-day FD. PNB offers up to 6.60% and 7.10%, respectively, on its 444-day FD.
The highest rate alone should not determine where an investor places their money.
The deposit tenure, maturity date, interest payout frequency and premature withdrawal conditions are also important.
FD Investors Should Check Before Investing
Both banks’ revised rates apply to domestic term deposits below ₹3 crore.
Customers planning to invest should confirm the applicable rate for their chosen tenure, as special FD rates may be available only for specific periods.
Senior citizens should also compare the additional interest benefit offered by each bank.
Before booking a deposit, investors should review premature withdrawal rules and consider whether they may need access to the money before maturity.
FD interest is generally taxable according to the depositor’s applicable income tax slab. Therefore, the effective post-tax return may be lower than the advertised interest rate.
