PNB & Canara FD Rates Changed: Your Best Rate?

PNB and Canara Bank revised FD interest rates for November 2026. Senior citizens earn up to 0.50% more than regular depositors. If your FD is maturing soon, compare rates now before auto-renewal locks you into a potentially lower return.

Here's what happened: PNB and Canara Bank revised fixed deposit interest rates for November 2026, affecting both retail and senior citizen depositors across popular tenures.. Senior citizens continue to receive an additional 0.25–0.50% over regular FD rates at these public sector banks, as mandated by their board policies.. Axis Bank separately updated bulk deposit rates, a move that typically signals where retail FD rates are likely to head in the coming months..

What you should do: Check the exact tenure-wise rates on PNB and Canara Bank's official websites before renewing or booking any FD this month.. If you are 60 or above, carry age proof when booking — declaring senior citizen status at the counter ensures you automatically get the higher rate.. Compare revised rates across at least three banks (including small finance banks offering 8–9%) before locking in, especially for tenures above one year..

Pro tip: Book your FD on the last day of a month — interest accrues from the deposit date, so you lose nothing and gain an extra few days of flexibility before the next rate revision hits.