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Canara Bank


Canara Bank is a major majority state owned commercial bank in India that offers various financial products and banking services to its customers including personal, SME, NRI and Corporate banking. 

It was founded in 1906 and the Government of India nationalized Canara Bank in 1969. While it is a state owned bank, in the 2010 Annual Report it mentioned that the central government will not hold less than 51% of the bank and it has its shares listed on the NSE India and Mumbai (Bombay) stock exchanges.

It has a significant physical presence within the country with as at June 2010 having 3057 branches (2681 with internet and mobile banking) including 2000 ATMs.  It also has branches abroad in the UK (London, Leicester),  China (Hong Kong, Shanghai), UAE and Qatar.

Canara provides savings & deposit products for customers excess funds including fixed deposit accounts, current accounts, savings bank accounts, gold deposit accounts, and recurring deposit accounts.

Interest Rates

Account DetailsAPYCurrencyUpdateWebsite
Canara Bank 1 Year Fixed Deposit9.36%INRUpdated
Jul, 2014
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Account DetailsAPYCurrencyUpdateWebsite
Canara Bank Savings Account4.00%INRUpdated
Jul, 2014
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Personal Banking

  • Savings Accounts
  • Deposit Accounts
  • Current Accounts
  • Fixed Deposits
  • Loans
  • Mortgages
  • Life Insurance
  • General Insurance
  • Forex
  • International Banking Services
  • Credit Cards
  • Debit Cards Prepaid Cards
  • Consultancy Services
  • Depository Services
  • Safe Deposit Lockers
  • NRI Banking Services

Individual Investments

  • Mutual Funds
  • Savings Accounts
  • Deposit Accounts

Business Banking

  • Current Deposits
  • Fixed Deposits
  • Kamadhenu Deposits
  • Recurring Deposits
  • Cash Management Services
  • Loans
  • Working Capital Finance
  • Term Loans
  • Infrastructure Financing
  • Export Finance
  • Syndication Services
  • IPO Monitoring Activity
  • SME Schemes
  • SME Business Services
  • SME Marketing
  • Agri-Marketing
  • Agri-Consultancy
  • Rural Development
  • CED for Women
  • Rural Services

Corporate Banking

  • Current Deposits
  • Fixed Deposits
  • Kamadhenu Deposits
  • Recurring Deposits
  • Cash Management Services
  • Loans
  • Working Capital Finance
  • Term Loans
  • Infrastructure Financing
  • Export Finance
  • Syndication Services
  • IPO Monitoring Activity

Commercial Banking

  • Equity Issue Management
  • Debt Issue Management
  • Structured Placements
  • Project Appraisals
  • Monitoring Agency Assignments
  • IPO Funding
  • Security Trustee Services
  • Agriculture Consultancy Services
  • Buy Back Assignments
  • Share Valuations
  • Syndication
  • ESOS Certification
  • Debenture Trusteeship
  • Demat Services- DP Cell
  • Issuing & Paying Agent (IPA) for Commercial Paper Issues

Business Investments

  • Mutual Funds
  • Savings Accounts
  • Deposit Accounts

Other india Banks

Bank NameNumber of Branches
State Bank of IndiaSBI10000 (-6235)
Punjab National BankPNB6000 (-2235)
Bank of BarodaBank of Baroda4718 (-953)
Bank of IndiaBank of India4545 (-780)
Union Bank of IndiaUnion Bank of India3500 (+265)