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How to Open Canara Bank Fixed Deposit Account

Updated 05 Sep 2023

For decades, Fixed Deposits (FDs) have been one of the most trusted investment avenues in India. Not only do they offer safety but also a fixed return on your hard-earned money. Canara Bank, one of the pioneer banking institutions in India, provides an array of FD schemes, tailored to meet various financial needs. If you're contemplating opening an FD account with Canara Bank, here’s a comprehensive guide to help you through the process.

How to Open an FD account in Canara Bank

If you're already a Canara Bank account holder, opening an FD is straightforward. Both online and offline methods are available:

Online way

  • Login to the Canara Bank Net banking option.
  • Enter the user ID and password.
  • Fill in the required details.
  • Enter the deposit amount, choose the FD tenure, and input nominee details.
  • Click confirm and continue.

Offline way

  • Visit your nearest Canara Bank branch.
  • Request the FD application form.
  • Fill in the necessary details and attach required documents.
  • Submit the application to the branch.

Eligibility Criteria

To invest in Canara Bank's Fixed Deposits, the following entities/persons are eligible:

  • Resident Indian
  • Sole proprietorship firms
  • Partnership firms
  • Trust accounts
  • Hindu undivided families (HUF)
  • Limited companies

Documents Required

Identity Proofs

  • PAN Card
  • Driving License
  • Passport
  • Voter’s ID
  • Aadhar Card

Address Proofs

  • PAN Card
  • Driving License
  • Passport
  • Voter’s ID
  • Aadhar Card
  • Utility Bill (not older than 3 months)
  • Bank account Passbook (Updated and not more than 3 months old)

If a PAN card is unavailable, one should present forms 60 and 61.


What is the minimum amount of FD one can open in Canara Bank?

One can open an FD with a minimum amount of ₹1000/- in Canara Bank.

Can investors apply for a loan against all Canara Bank FDs?

No, investors cannot secure a loan against the Canara Tax saver term deposit scheme.

Is Canara Bank FD safe?

Yes, Canara Bank fixed deposits are secure. They are insured for up to ₹ 5 lakh, which includes both the principal and interest amount, under the Deposit Insurance and Credit Guarantee Corporation (DICGC) as per RBI guidelines.


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