Canara Bank has introduced a special 310-day Fixed Deposit scheme for 2025 that is attracting strong interest from investors looking for safe, short-term, and high-yield options.
With rising financial uncertainty, many people prefer guaranteed returns instead of market-linked risks. This FD offers exactly that a secure way to grow your money in under a year while enjoying competitive interest rates.
Why the 310-Day FD Is Gaining Popularity
Investors are drawn to this FD because it offers a unique mix of short tenure and attractive returns. The 310-day period is ideal for those who want quick growth without locking their funds for too long. The scheme is designed to give higher interest compared to regular fixed deposits with similar durations, making it a valuable choice for both new and experienced savers.
How ₹2,00,000 Can Grow in This FD
Under the current interest rate offered for the 310-day special deposit, an investment of ₹2,00,000 can generate a significant return by the end of the tenure. Thanks to Canara Bank’s enhanced rate for this scheme, the deposit earns steady interest, resulting in an impressive maturity value in less than a year. Although the exact interest amount depends on the bank’s prevailing rate, the final payout offers substantially better returns than many traditional short-term options.
Additional Advantage for Senior Citizens
Senior citizens benefit even more from this FD as they receive an additional interest rate over the standard offering. This means a senior investor depositing ₹2 lakh will earn higher returns than regular customers. For retirees seeking safe and predictable income, this scheme is an excellent opportunity to grow savings without worrying about market volatility.
Safety and Guaranteed Returns
Being a public-sector bank, Canara Bank ensures complete safety of the invested amount. Unlike market-based investments, the returns in this FD are guaranteed, making it ideal for risk-averse individuals. Whether the financial goal is short-term savings, emergency planning or wealth preservation, this FD provides stability and assured growth.
Who Should Consider This Scheme
The Canara Bank 310-day FD is perfect for individuals looking to grow their funds quickly while maintaining full safety. Salaried employees, small investors, pensioners and families planning near-term expenses can greatly benefit from the scheme’s high returns and short lock-in period.