PNB and Canara Bank raise top FD rates in November 2026 round of changes
Indian state-run lenders PNB and Canara Bank changed fixed deposit rates, with Canara offering up to 6.75% to general and 7.25% to senior customers.
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what happened
Indian state-run lenders Punjab National Bank (PNB) and Canara Bank have adjusted interest rates on term deposits in November 2026. The changes cover domestic deposits below Rs.3 crore. The new terms took effect on November 1 at PNB and on November 2 at Canara Bank.
Canara Bank now pays up to 6.75% to general customers and up to 7.25% to senior citizens on its 555-day special scheme, with some tenures up by as much as 15 basis points. PNB's top rate is 6.60% for general depositors and 7.10% for senior citizens, available on its 444-day special scheme.
The details are reported by Moody's, citing CNBC TV18 and the banks' official rate charts.
why it matters
For markets this is a local story about retail deposit pricing, but it shows how large Indian banks compete for savings. Adjustments of this kind rarely move major financial assets.
tags
instruments
sources
- PNB and Canara Bank revise FD interest rates in November 2026: How much can general, senior citizens earn now? — Moody's, 3 November 2026 at 20:33 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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