Punjab National Bank (PNB) and Canara Bank have updated their fixed deposit (FD) interest rates in November 2026. The revised rates took effect on November 1 for PNB and November 2 for Canara Bank. These changes apply to domestic term deposits below ₹3 crore.
Following the revisions, Canara Bank offers maximum returns of 6.75% to general customers and 7.25% to senior citizens. Meanwhile, PNB provides interest rates of up to 6.60% for general customers and 7.10% for senior citizens.
Canara Bank has increased rates on selected deposit periods by up to 15 basis points. Its 555-day special FD scheme now offers the highest return. PNB’s best rate is available on its 444-day special FD.
Canara Bank FD Interest Rates for General Customers
Canara Bank’s updated FD rates became effective on November 2, 2026, for domestic deposits below ₹3 crore.
The bank now offers 6.75% interest on its 555-day special FD, compared with 6.60% previously. Its 444-day special deposit scheme provides an interest rate of 6.65%.
For shorter investment periods, the bank offers:
- 7–45 days: 3%
- 46–90 days: 4%
- 91–179 days: 4.25%
- 180–269 days: 5.25%
- 270 days to less than one year: 5.50%
Deposits ranging from one year to one year and three months, excluding the 444-day special scheme, earn 6.40%.
For deposits exceeding one year and three months but less than two years, excluding the 555-day scheme, the rate stands at 6.25%. The same rate applies to deposits with tenures of two to three years, three to five years and five to ten years.
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Canara Bank FD Interest Rates for Senior Citizens
Senior citizens can receive up to 7.25% interest on the 555-day special FD scheme, compared with the earlier rate of 7.10%.
The 444-day scheme offers 7.15%. Other applicable rates include:
- 180–269 days: 5.75%
- 270 days to less than one year: 6%
- One year to one year and three months, excluding the 444-day scheme: 6.90%
- More than one year and three months but less than two years, excluding the 555-day scheme: 6.75%
Additionally, eligible senior citizens receive an extra 0.50 percentage point on domestic deposits with a tenure of 180 days or longer, subject to the bank’s terms.
PNB FD Interest Rates for General Customers
PNB introduced its revised FD rates on November 1, 2026. For domestic deposits below ₹3 crore, general customers can earn interest ranging from 3% to 6.60%.
The 444-day special FD offers the highest rate of 6.60%, while the 666-day scheme provides 6.50%.
Here are some other rates offered by the bank:
- 7–45 days: 3%
- 46–90 days: 5.50%
- 91–179 days: 5.75%
- 180–270 days: 6%
- One year: 6.25%
- More than one year up to 443 days: 6.30%
- More than three years up to 1,203 days: 6.35%
- 1,205 days to five years: 6.35%
PNB FD Interest Rates for Senior Citizens
Senior citizens investing in PNB fixed deposits can earn a maximum interest rate of 7.10% on the 444-day special FD scheme.
The 666-day deposit offers 7%, while a one-year FD provides 6.75%.
Other applicable rates include:
- 7–45 days: 3.50%
- 46–90 days: 6%
- 91–179 days: 6.25%
- 180–270 days: 6.50%
- More than three years up to 1,203 days: 6.85%
PNB also provides additional interest benefits to super senior citizens aged 80 and above, according to its applicable rules and conditions.
Axis Bank Revises Bulk FD Rates
Separately, Axis Bank has changed its interest rates for domestic bulk fixed deposits of ₹3 crore and above. The revised rates came into effect on November 3, 2026.
These rates apply specifically to bulk deposits and should not be confused with the bank’s regular retail FD interest rates.
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Note: FD interest rates and eligibility conditions may change. Investors should check the respective banks’ official rate charts before booking a deposit.
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