Canara Bank NRI Accounts

Canara Bank is one of the largest public sector banks in India. The bank also has offices in London, Hong Kong, Dubai and New York. Canara Bank NRI accounts provide good interest rates. Here we give a comprehensive overview of the types of Canara Bank NRI accounts and their interest rates. We have also included Canara Bank NRI contact information as well as information about the NRI service centers all across India. 

Canara Bank NRI Accounts

Types of NRI Accounts 

NRI accounts are special accounts that do not operate like usual Indian Accounts. It is mandatory for NRIs to open an NRI account to operate an account in India. They cannot have a domestic Indian savings account.

NRE Account (Non-Resident External)

  • Repatriation of funds to the country of residence is permitted easily. However, fluctuations in currency may affect the amount repatriated. 
  • Key benefit of this account is that both the amount and the interest in the account are exempt from tax
  • The NRI can appoint a resident Indian as a mandate holder. The mandate holder can operate the account on behalf of the NRI. The resident Indian has to be a close family member. 
  • NRE accounts can be opened as a joint account with other NRI and Resident Indians. Bank transfers are available at good rates.

NRO Account (Non-Resident Ordinary)

  •  It is subject to taxation.
  • It is meant for Indian earnings to be used in India.
  • Like the NRE account, a mandate for Resident Indian (close relative) is allowed.
  •  NRO accounts can be opened as joint account with other NRIs also. 
  • A foreign national of non-Indian origin visiting India can open an NRO account, with funds remitted from outside India through a banking channel or by sale of foreign exchange brought by him/her to India 

FCNR Account (Foreign Currency Non-Resident Account)

This is a fixed deposit account which allows you to keep foreign earnings in foreign currency. Requires a term deposit.

RFC Account (Resident Foreign Currency)

This is a savings account that keeps the money in foreign currency for NRIs who have returned to India and hold money in foreign currency. 

Canara Bank NRI Account FD Rates 2021

NRE FD Rates 

TenureFixed Deposit of less than Rs. 2 crore
1 year5.20%
Above 1 year to less than 2 years5.20%
2 years & above to less than 3 years5.40%
3 years & above to less than 5 years5.50%
5 years & above to 10 years5.50%
NRE FD Rates

NRO FD Rates 

FD TenureCanara Bank FD Interest Rates (p.a.)
7 days to 45 days*2.95%
46 days to 90 days3.90%
91 days to 179 days4.00%
180 days to less than 1 year4.45%
1 year5.20%
Above 1 year to less than 2 years5.20%
2 years & above to less than 3 years5.40%
3 years & above to less than 5 years5.50%
5 years & above to 10 years5.50%
NRO FD Rates

*For a single deposit of Rs. 5 lakh and above. 

The interest rates for Canara Bank NRI accounts are quite good. 

FCNR FD Rates 

CURRENCY OF DEPOSIT1 Year and above but less than 2 years2 years and above but less than 3 years3 years and above but less than 4 years4 years and above but less than 5 yearsFive years only
USD0.981.051.251.491.72
GBP0.640.820.981.121.23
EURNIL0.030.090.160.24
CAD1.121.161.461.711.91
AUD0.620.710.841.121.37
Interest rates on FCNR (B) Deposits w.e.f. 07.05.2021 (Interest rate % per annum)

RFC FD Rates 

PERIOD OF DEPOSITUSDGBPEURCADAUD
1 month & above but less than 3 monthsNILNILNILNILNIL
3 months & above but less than 6 months0.09NILNIL0.02NIL
6 months & above but less than 1 yearNILNIL0.03NILNIL
1 year & above but less than 2 years0.980.64NIL1.120.62
2 years & above but less than 3 years1.050.820.031.160.71
3 years only1.250.980.091.460.84
RFC FD Rates 

Note: – The above interest rates are applicable only for RFC deposits of amount less than USD 1 Million (or its equivalent in other currencies). For RFC deposit of USD 1 Million & above (or its equivalent in other currencies) please contact the branch.

Canara Bank NRI Customer Care Number

1800 425 0018

NRI Service Centers 

AHMEDABADCanara BankNRI Service Center, Circle Office, Ground Floor, Narayan Chamber, Near Nehru Bridge, Ashram Road, AHMEDABAD-380009 STATE: GUJRAT, INDIA91 79-26574852/27544048 E MAIL ID : [email protected];
BENGALURUCanara BankNRI Service Center, MIPD Section, Circle Office, 86, M G Road, Spencer Towers,BENGALURU- 560 001STATE : KARNATAKA , INDIA91 80-25587340 / 25582712 E MAIL ID : [email protected];
CALICUTCanara BankNRI Service Center, Circle Office,Tali Sammoham Road,CALICUT -673002STATE : KERALA INDIA91 495- 2306116 /2701398 Email ID : [email protected]
CHANDIGARHCanara BankNRI Service Center, Circle Office,Plot No: 1,Sector 34A,CHANDIGARH-16002291 172-2620258/2604269 Email ID : [email protected]
CHENNAICanara BankNRI Service Center, MIPD Section, Circle Office,No: 524 Anna Salai, Teynampet,CHENNAI-600018STATE:TAMILNADU, INDIA91 44- 24312077 / 24349936/24351580 Email ID : [email protected]
DELHICanara BankNRI Service Center, MIPD&PP Section,Circle Office, 9th floor, 38, Ansal tower,Nehru Place, NEW DELHI- 11001991 11-26293214 Email ID : [email protected]
ERNAKULAMCanara BankNRI Service Center, Circle Office, Pukalakkattu Lakshmi Bai Towers, TD Road North End, ERNAKULAM-682035 STATE:KERALA, INDIA91 484 -2352213 Mob: 8301897125Email ID : [email protected]
PANAJICanara BankNRI Service Center: ,MIPD & PP Section,Circle Office, First Floor, Mathias Plaza, 18th June Road,PANAJI, GOA – 40300191 832 -2224254/2220050 Email ID : [email protected]
HYDERABADCanara BankNRI Service Center: Circle Office,Opp. Old MLA Quarters, Himayathnagar,HYDERABAD– 500 029STATE : TELANGANA, INDIA91 40-23436986 Email ID : [email protected]
JAIPURCanara BankNRI Service Center, MIPD Section, Circle Office, 1, Orbit Mall, Civil Lines, Ajmer Road,JAIPUR-302006STATE : RAJASTHAN, INDIA91 141-2222990/2224776 Email ID : [email protected]
JALANDHARCanara BankNRI Service Center, Circle Office, 362 – 363, Lajpat Nagar, Shakti Mall,JALANDHAR – 140001STATE : PUNJAB, INDIA91 181-2243369 / 2243320/ 2243318Email ID : [email protected]
MADURAICanara BankNRI Service Center, MIPD&PP Section,Circle Office, St. Mary’s Campus,East Veli Street,MADURAI-625001STATE : TAMILNADU, INDIA91 452-2334488/ 2339913 Email ID : [email protected]
MANGALURUCanara BankNRI Service Center, Circle Office, MIPD & PP Section,Light House Hill,Balmatta Road, MANGALURU-575001STATE : KANATAKA INDIA91 824-2424576 / 2443920/ 2440319Email ID : [email protected]
MUMBAICanara BankNRI Service Center, Circle Office,Canara Bank Building, B Wing, 3rd Floor,C-14,G-Block, Bandra-Kurla Complex, Bandra East, MUMBAI- 400051 STATE:MAHARASHTRA, INDIA91 22- 26728634/ 26725352 Email ID : [email protected]
MYSURUCanara BankNRI Service Centre, MIPD&PP Section,Circle Office, Guest House Road, Nazarbad,MYSURU-570010STATE:KARNATAKA INDIA91 821-2528246 / 2528230/ 2528264 Email ID : [email protected]
PATNACanara BankNRI Service Centre, Circle Office, IIIrd Floor,Luv Kush Tower, Exhibition Road,PATNA -800001STATE : BIHAR, INDIA91 612- 2320594 / 2320148/ 2320199 Email ID : [email protected]
PUNECanara BankNRI Service Center, Circle Office, F.P 790 (PART), Shivaji Road, Near Manala Theatre, Shivaji Nagar,PUNE – 411005STATE:MAHARASHTRA, INDIA91 20-25530621/25530636/ 25530617 Email ID : [email protected]
TRICHYCanara BankNRI Service Centre, Circle Office,No: 1 City Towers, Royal Road,TRICHY-620001STATE : TAMILNADU, INDIA91 431-2410909/ 2460090 Email ID : [email protected]
TRIVANDRUMCanara BankNRI Service Center, Circle Office,TC26/173 (I), II Floor, Canara Bank Building,M G Road, TRIVANDRUM – 695 001STATE:KERALA, INDIA91 471-2331563 / 2330346 Email ID : [email protected]
VARANASICanara BankNRI Service Centre, Circle Office, 3rd floor,Varanasi Trade Centre, Maqbool Alam Road,VARANASI- 221002STATE : UTTAR PRADESH, INDIA91 542-2510035/ 2510049 Email ID : [email protected]
CENTRALISED NRI HUB, BENGALURUNRI & MI (Forex) Division, MUMBAI
Canara BankMarketing & Retail Resources Wing, Head office (Annex), 4th Floor, 113/1, JEEVAN PRAKASH BLDG,J C Road,BENGALURU 560 002. STATE:KARNATAKA,INDIA Phone:91-80-22538565Email : [email protected]Canara BankIntegrated Treasury Wing,6th floor, Canara Bank Building, C-14,G-Block, Bandra -Kurla Complex, MUMBAI-400051STATE: MAHARASHTRA,INDIAPhone: 91-22-26725118Email : [email protected]
NRI Service Centers

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