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Canara Bank cuts RLLR to 8.00 percent after RBI repo rate cut, lowering EMIs for borrowers. FD rates revised, highest now 6.15 percent for 555 days.
Canara Bank (File Photo)
Canara Bank: Following other major lenders, including State Bank of India (SBI), HDFC Bank, etc., after RBI’s repo rate cut by 25 basis points to 5.25 per cent from 5.50 per cent in the latest December meeting, Canara bank has also announced to revise the lending rate and fixed deposit interest rates.
These actions are bittersweet, as decreasing lending rates will benefit borrowers with loans linked to RLLR, while a reduction in FD rates will lower returns for new borrowers.
Canara Lending Rates
Canara Bank has cut its Repo Linked Benchmark Lending Rate (RLLR) by 25 basis points, lowering it from 8.25% to 8.00%, with effect from December 12, 2025.
Following the reduction, borrowers whose loans are linked to the RLLR may see lower EMIs or a shorter loan tenure, depending on the terms of their loan agreement.
| Tenor of MCLR | MCLR Rate |
| Overnight MCLR | 7.90% |
| One-month MCLR | 7.95% |
| Three-month MCLR | 8.15% |
| Six-month MCLR | 8.50% |
| One-year MCLR | 8.70% |
| Two-year MCLR | 8.85% |
| Three-year MCLR | 8.90% |
Canara bank FD Rates
Canara Bank has revised its fixed deposit (FD) interest rates for deposits below Rs 3 crore, with effect from December 8, 2025.
After the revision, the bank now offers its highest FD interest rate of 6.15% on a 555-day tenure. Earlier, the highest rate was 6.50% on the 444-day FD, which was available to general customers.
| Term Deposits (All Maturities) | General Public – Rate of Interest (% p.a.) | Senior Citizen – Rate of Interest (% p.a.) |
| 7 Days to 45 Days* | 3 | 3 |
| 46 Days to 90 Days | 4 | 4 |
| 91 Days to 179 Days | 4.25 | 4.25 |
| 180 Days to 269 Days | 5.25 | 5.75 |
| 270 Days to less than 1 Year | 5.5 | 6 |
| 1 Year & above to 1 year 3 months Only | 5.9 | 6.4 |
| 444 Days* | 6 | 6.5 |
| 555 Days* | 6.15 | 6.65 |
| Above 1 year 3 months to less than 2 Years | 5.9 | 6.4 |
Click here to add News18 as your preferred news source on Google. December 18, 2025, 09:11 IST
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