Bank FD Comparison Tool
AU Small Finance Bank vs Canara Bank Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between AU Small Finance Bank (Private Sector) and Canara Bank (Public Sector). Analyze the security of public sector banking versus the convenience of private sector services.
AU Bank
Private Sector
VS
Canara Bank
Public Sector
AU Bank: Min ₹1,000
Canara Bank: Min ₹1,000
Security vs Convenience
DICGC Insured up to ₹5 Lakhs
Compare Your FD Returns
Adjust the parameters below to see how returns compare between the two banks
₹
Five Lakhs rupees
₹1,000₹20,00,000
years
1 year10 years
Interest Rate Comparison
Interest Rates by Tenure
General rates across different tenures
Current selection: 3 years (1095 days) -AU Bank: % |Canara Bank: %
Side-by-Side Rate Comparison
Direct comparison of general rates
AU Bank
Canara Bank
Highlighted = Your selected tenure
Feature Comparison
Features | AU Bank Private Sector | Canara Bank Public Sector |
|---|---|---|
Minimum FD Amount | ₹1,000 | ₹1,000 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
AU Small Finance Bank
Private Sector Bank
Key Advantages:
Small Finance Bank with competitive rates
Premium FD rates up to 7.50% for senior citizens
Digital banking with AU 0101 digital savings account
Video KYC for instant account opening
Wide network across India
Senior citizens get +0.50% additional interest
Canara Bank
Public Sector Bank
Key Advantages:
Government-owned bank with strong security
Wide branch network across India
Competitive interest rates
Canara Shikhar special scheme (444 days)
Online FD booking facility
Senior citizen benefits
Important: Fixed Deposit Safety & Insurance Coverage
₹5 Lakh Insurance Limit
The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance coverage of up to ₹5 lakhs per depositor per bank. This means if you deposit more than ₹5 lakhs in a single bank, only ₹5 lakhs is guaranteed by the government.
⚠️ Recommendation:
Never deposit more than ₹5 lakhs in a single bank. If you have larger amounts, distribute them across multiple banks to ensure full insurance coverage.
Smart Distribution Strategy
For ₹10 lakhs: Split between AU Bank (₹5L) + Canara Bank (₹5L)
For ₹15 lakhs: Add a third bank to the mix
Best of Both: Combine AU Bank (convenience) with Canara Bank (security)
💡 Pro Tip:
You can also open FDs in different family members' names in the same bank to get additional ₹5 lakh coverage for each account holder.
Key Insights & Recommendations
Choose AU Bank If:
- •Minimum amount: ₹1,000
- •Private Sector banking preference
- •Small Finance Bank with competitive rates
- •Premium FD rates up to 7.50% for senior citizens
- •Digital banking with AU 0101 digital savings account
Choose Canara Bank If:
- •Minimum amount: ₹1,000
- •Public Sector banking preference
- •Government-owned bank with strong security
- •Wide branch network across India
- •Competitive interest rates
Best Strategy:
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Use AU Bank for convenience
- •Use Canara Bank for stability
- •Review rates periodically
Explore more FD comparisons
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