With interest rates fluctuating and long-term deposits locking money for years, many savers are anxious about where to park their funds safely in 2025. In this environment, Canara Bank’s 310-Day Fixed Deposit scheme is drawing sharp attention. Offering 7.15 percent interest for the general public and a higher 7.65 percent for senior citizens, this short-term FD is emerging as a smart option for those who want better returns without a long lock-in. Understanding how this scheme works can help depositors make timely and informed decisions.
Why the Canara Bank 310-Day FD Is in Focus in 2025
Short-tenure fixed deposits are becoming popular again as savers avoid long commitments amid uncertain rate cycles. The 310-day tenure strikes a balance between liquidity and attractive returns. Instead of waiting years to benefit from higher interest, depositors can earn competitive rates in less than a year while keeping their money relatively accessible.
For senior citizens, the added interest benefit makes this FD even more appealing in a time when safe income options are limited.
Latest Interest Rates Offered Under the 310-Day FD
Canara Bank has structured this special FD to reward both regular depositors and senior citizens with higher-than-average returns for a short duration.
| Depositor Category | Interest Rate | FD Tenure |
|---|---|---|
| General Public | 7.15% | 310 Days |
| Senior Citizens | 7.65% | 310 Days |
These rates are applicable for the specified tenure and highlight why the scheme is being seen as a limited-period opportunity.
How Much Can Depositors Earn in 310 Days
While the tenure is less than a year, the interest earned is still meaningful, especially when compared to standard savings accounts. For example, a ₹1 lakh deposit under the general category earns significantly more interest than idle savings, and senior citizens benefit further due to the additional rate.
The exact maturity amount depends on deposit size, but the short tenure ensures funds are not locked away for long periods.
Who Should Consider This Fixed Deposit Scheme
This FD is well-suited for conservative investors who want assured returns without long-term commitment. It is particularly attractive for senior citizens looking for safe income growth and for salaried individuals who may need funds within a year.
It also suits investors waiting for better long-term rates, as it allows money to grow temporarily instead of staying idle.
Key Benefits That Make This FD Attractive
The Canara Bank 310-Day FD stands out for several reasons
- Short tenure with competitive interest rates
- Higher rate benefit for senior citizens
- Backed by a public sector bank
- Suitable for cautious investors seeking stability
These features make it a practical choice in a volatile interest-rate environment.
Safety and Trust Factor of Canara Bank FDs
As a public sector bank, Canara Bank offers strong trust and reliability. Fixed deposits are not linked to market performance and provide guaranteed returns. For risk-averse depositors, especially retirees, this safety aspect is often more important than chasing higher but uncertain returns elsewhere.
Things Depositors Should Keep in Mind
Interest earned on fixed deposits is taxable as per applicable income tax rules. Senior citizens may have higher exemption limits, but planning deposits carefully helps manage tax impact. Premature withdrawal rules also apply, so depositors should review terms before investing.
Rates are subject to revision, so early booking ensures access to the announced interest.
Conclusion: The Canara Bank 310-Day FD Rates 2025 offer a timely opportunity for savers seeking safe, short-term, and rewarding investment options. With 7.15 percent interest for the general public and an attractive 7.65 percent for senior citizens, this scheme delivers strong value without long-term lock-in. For those prioritising security, flexibility, and dependable returns, this FD stands out as a sensible choice in 2025.
Disclaimer: This article is for informational purposes only. Interest rates and terms are subject to Canara Bank’s official policies and may change.