Canara Bank has announced its 310-day fixed deposit (FD) scheme for 2026, offering a 7.15% interest rate, providing investors with a safe and attractive short-term investment option
Overview of Canara Bank 310-Day FD 2026
The 310-day FD is designed for individuals seeking short-term, low-risk investment options. It offers guaranteed returns with flexible interest payout options and is suitable for both general investors and senior citizens, who are eligible for higher interest rates.
Eligibility and Deposit Limits
Investors can open an FD with a minimum deposit of ₹50,000 and a maximum deposit as per bank rules. The FD is available to resident individuals, senior citizens, and joint account holders. Tenure is exactly 310 days, providing a short-term option for planned financial goals.
Interest Rate and Returns
| Investor Type | Interest Rate | Deposit Tenure | Approx. Maturity Value for ₹1,00,000 |
|---|---|---|---|
| General | 7.15% | 310 Days | ₹107,200 |
| Senior Citizens | 7.65% | 310 Days | ₹107,650 |
Interest is compounded quarterly, and investors can opt for cumulative or non-cumulative interest payouts depending on their cash flow requirements.
Benefits of Canara Bank 310-Day FD
The FD offers guaranteed returns, low risk, and liquidity. Senior citizens benefit from higher interest rates, and investors can plan for short-term financial goals, including tax planning, emergency funds, and recurring savings.
How to Open the FD
Investors can open the FD by visiting a Canara Bank branch or using the bank’s online portal. Required documents include KYC proof, bank account details, and the deposit amount. A receipt is provided upon deposit, serving as proof for maturity claims.
Conclusion
The Canara Bank 310-day FD 2026 is an attractive short-term investment offering 7.15% interest for general investors and 7.65% for senior citizens, with guaranteed returns and flexible payout options. It is suitable for anyone looking for a secure, short-term financial instrument.
Disclaimer: This article is for informational purposes only. FD interest rates, terms, and maturity values are subject to change based on Canara Bank policies and RBI regulations. Investors should verify all details with Canara Bank before investing.