If you are planning to invest your money in a bank fixed deposit (FD), there is an important update for you. Two major public sector banks, Punjab National Bank (PNB) and Canara Bank, have revised their fixed deposit interest rates in November 2026.
Following the latest changes, senior citizens can earn interest of up to 7.25% annually on selected FD schemes. However, this rate is not available across all deposit tenures. The interest offered depends on the duration of the fixed deposit and the bank’s applicable terms.
Both banks are offering different interest rates on special-tenure deposits, including 444-day and 555-day FDs. Here is a detailed look at the revised rates.
Canara Bank FD Rates: Earn Up to 7.25% Interest
Canara Bank has revised interest rates on selected fixed deposit schemes by up to 15 basis points. The revised rates came into effect on November 2, 2026.
Under the latest rates, the bank is offering 6.75% annual interest to general customers on its special 555-day fixed deposit. Senior citizens investing in this tenure can receive an interest rate of 7.25%.
The 444-day FD also offers attractive returns, with general customers receiving 6.65% and senior citizens earning 7.15%.
For deposits ranging from two years to 10 years, senior citizens can earn interest of up to 6.75%.
Selected Canara Bank FD Interest Rates
| FD Tenure | General Citizens | Senior Citizens |
|---|---|---|
| 444 days | 6.65% | 7.15% |
| 555 days | 6.75% | 7.25% |
| 2–3 years | 6.25% | 6.75% |
| 3–5 years | 6.25% | 6.75% |
| 5–10 years | 6.25% | 6.75% |
PNB FD Interest Rates: 444-Day Deposit Offers 7.10%
Punjab National Bank has also introduced revised fixed deposit interest rates, effective November 1, 2026.
Under the updated structure, PNB is offering 6.60% annual interest to general customers on its 444-day special FD. Senior citizens can earn 7.10% on the same deposit tenure.
The bank’s 666-day fixed deposit offers 6.50% interest to general customers and 7% to senior citizens.
For deposits with a tenure of more than three years and up to 1,203 days, senior citizens can receive an interest rate of 6.85%.
Selected PNB FD Interest Rates
| FD Tenure | General Citizens | Senior Citizens |
|---|---|---|
| 1 year | 6.25% | 6.75% |
| 444 days | 6.60% | 7.10% |
| 666 days | 6.50% | 7.00% |
| More than 3 years to 1,203 days | 6.35% | 6.85% |
| 5–10 years | 6.00% | 6.80% |
Important Things to Know Before Investing in an FD
The revised interest rates announced by PNB and Canara Bank apply to domestic fixed deposits below ₹3 crore.
Senior citizens receive additional interest benefits compared with regular customers, subject to the bank’s eligibility requirements and applicable deposit tenure.
Before opening a fixed deposit, investors should consider more than just the advertised interest rate. The maturity period, premature withdrawal charges and applicable tax rules are also important.
Interest earned from fixed deposits may be taxable depending on the investor’s tax position. Therefore, it is important to compare the available FD schemes and select a tenure that matches your financial requirements.
Disclaimer: This article is published for general informational and educational purposes only. FD interest rates are subject to revision and may vary according to deposit amount, tenure and customer category. Actual returns and tax liability depend on the applicable bank rules and individual circumstances. Readers should verify the latest interest rates and terms directly with PNB or Canara Bank before investing.