Canara Bank vs Union Bank: FD Rate Comparison 2026

Two big Indian banks, Canara Bank and Union Bank, are offering money‑saving plans called fixed deposits.

Canara Bank gives a bit higher interest for most regular plans, while Union Bank is slightly better for a special 555‑day plan.

For people who want to save for five years and get tax help, Canara Bank also offers a better rate.

Both banks protect your money up to Rs 5 lakh with a government insurance scheme.

If you want the best return, look at the 555‑day plan; if you want steady rates for one to five years, Canara Bank is usually better.