Canara Bank FD Scheme: A Safe and Steady Investment Option Offering Up to 7.10% Interest
Among the safest investment alternatives with guaranteed returns at the time, Canara Bank’s Fixed Deposit (FD) is quite possibly offered in today’s market by top banks. In an ostensibly ever-changing interest rate with lots of ups and downs, FDs always serve well for investors looking after safety, predictable income, and full protection of capital. To make investments even more attractive, Canara Bank offers interest rates as high as 7.10% at the moment, making it an option for short-term as well as long-term savers.
Key Features of Canara Bank Fixed Deposit Scheme
Canara Bank has created flexible investment options that will comfortably fit into the various financial goals. Next are the main highlights:
- Tenure: Minimum of 7 days and up to 10 years
- Interest rates differ across age groups:
- Regular customers: 3.25%; 6.75%
- Senior citizens (60+): 7.00%
- Super senior citizens (80+): 7.10%
Canara Bank being a government-owned bank gives added security to your deposits. Each FD is insured up to ₹5 lakh under another cover provided by DICGC and carries an additional cover.
Returns Attractive in the 5-Year FD Option
Within the fixed deposit schemes offered by Canara Bank, the 5-year deposit is among the preferences:
- Regular customers earn 6.25%
- Senior citizens earn 6.75%
For example, an investment of ₹1,00,000 for five years gives:
- ₹1,36,354 regular depositors earn
- ₹1,39,750 senior citizens earn
This means seniors are assured of earning ₹39,750 over five years.
The best part is that this rate of interest remains unchanged during the whole term—insulating your savings against market volatility.
Special FD Scheme of 444 Days
Canara Bank has also launched a special FD that has the duration of 444 days. This scheme is ideal for the investors with an appetite for higher returns but without locking up their funds for several years.
Interest rates in this plan:
- Regular customers: 6.50%
- Senior citizens: 7.00%
- Super senior citizens: 7.10%
This short-term, high-earning FD would be most beneficial to those who want to maximize their money’s returns within the shortest possible time.
Why Canara Bank FD is Supposed to be Extremely Safe
Safety is the prime concern of all FD investors, as Canara Bank states here:
- Government-owned public sector bank.
- All deposits insured under DICGC—up to ₹5 lakhs.
- Periodic review of rates to offer competitive returns.
These factors make Canara Bank FDs a dependable choice for retirees, conservative investors, and anyone looking to preserve their capital while earning steady income.
Why You Should Consider Canara Bank FD in 2025
If stability, security, and fixed returns concern you, then the Canara Bank FD Scheme tops the list as an excellent option. Investors get to earn as high as 7.10% interest and deposit ₹1 lakh to earn about ₹40,000 in returns over five years.
Like in the case of ever-volatile stock prices and uncertainties about most other investment environments, a Canara Bank FD peacefully secures its returns with assured profits.
Frequently Asked Questions (FAQs)
What is the highest interest rate?
Super senior citizens (80+) can be eligible for up to 7.10%.
What is the interest that regular customers get on a 5-year FD?
They enjoy a 6.25% return.
Is my money safe in Canara Bank FD?
Yes. It is a government bank, and deposits are insured up to ₹5 lakhs.
What is the minimum FD tenure?
Only minimum 7 days.
How much will a senior citizen earn on ₹1 lakh in 5 years?
~₹39,750 in total interest earned.
