Canara Bank has introduced a special fixed deposit scheme with a tenure of 310 days, targeting investors who are looking for short-term, low-risk investment options with assured returns. The scheme has gained attention in 2025 due to its competitive interest offering compared to regular fixed deposits of similar duration.
Why the 310-Day FD Is in Focus
Short-term fixed deposits have become popular among investors who want to avoid long lock-in periods while still earning stable interest. Canara Bank’s 310-day FD fits this requirement perfectly, offering a balance between liquidity and returns without exposure to market volatility.
How ₹2 Lakh Can Grow Under This Scheme
When an investor deposits ₹2 lakh in the 310-day FD, interest is calculated at a fixed rate applicable at the time of booking. Over the 310-day period, the deposit earns predictable interest, resulting in a higher maturity amount at the end of the tenure. The exact return depends on the prevailing interest rate and investor category.
Fixed Interest Brings Predictable Returns
One of the key advantages of this FD scheme is the certainty it offers. The interest rate is locked in at the time of investment, ensuring that returns remain unaffected by future rate changes. This makes the scheme ideal for investors who value stability and clarity in financial planning.
Suitable for Short-Term Financial Goals
The 310-day tenure makes this FD suitable for individuals planning near-term expenses such as education fees, travel, or reinvestment opportunities. Investors can park surplus funds safely while earning better returns than a standard savings account.
Senior Citizens Get Added Benefit
Senior citizens investing in Canara Bank’s 310-day FD are eligible for additional interest benefits over the regular rate. This added advantage enhances returns and makes the scheme attractive for retirees seeking short-term income stability.
Safety Backed by a Trusted Public Sector Bank
As a public sector bank, Canara Bank offers a high level of trust and security. Fixed deposits are considered one of the safest investment options, providing protection of capital along with assured interest income.
Comparison With Regular Fixed Deposits
Compared to regular fixed deposits of similar duration, the 310-day FD often offers a better interest rate as it is positioned as a special scheme. Investors willing to lock funds for the specified tenure may benefit more than choosing a flexible FD option.
Points to Keep in Mind Before Investing
While the scheme offers attractive returns, investors should consider liquidity needs, as premature withdrawal may attract penalties. Understanding the terms before investing ensures that the FD aligns well with individual financial goals.
Final Takeaway for Investors
Canara Bank’s 310-day FD scheme presents a smart opportunity to turn a ₹2 lakh investment into stable and assured returns in 2025. With a short tenure, fixed interest, and the backing of a trusted bank, this scheme stands out as a reliable choice for conservative and short-term investors.