One of the most trusted investment options in India is a fixed deposit. The Canara 310-Day FD is popular with higher safety and returns. This plan is suited for those who keep ways in less than a year and still anticipate earning high interest.
What Is Canara Bank 2026 for a 310-Day FD Plan?
This is a special plan of Canara Bank for those who will put some of their money for more than ten months in it. While long-term deposits are not flexible and require four for many years, this is what the FD offers by combining both accessibilities within the same financial year. A very attractive option for those people looking for sure-shot growth without market risks.
Interest Rate
An interest rate of 7.15% is payable in the given FD scheme per annum. This rate is higher than the traditional savings account. There are various payout options one can choose from, fund payouts which could be at maturity, monthly, or quarterly credited to them. The minimum investment amount is ₹10,000, enabling it to reach a wide range of customers.
Benefits and Returns of the Investment
Among many other advantages of this FD, one is, being low in risk. Being backed by a government-backed public sector bank you will get transparency of the operations and the security of the funds. In addition, with the DICGC program, deposits of up to ₹5 lakh are secured by insurance.
Returns Illustration
To examine this potential, look at an investment of ₹200,000. Considering that, and applying an interest rate of 7.15% for a period of 310 days, the total maturity amount before tax deductions comes as approximately ₹212,100. It very well serves as a decision for a short-term financial goal.
Why Should I Opt for This FD?
With little-long term investing or security requirements, the Canara Bank 310-Day FD 2026 poses as the perfect-fit option. By providing better returns compared to any usual savings boutiques, it doesn’t have the fright of putting your money into an unpredictable market-linked asset.
Canara Bank 310-Day FD 2026 Snapshot
| Feature | Details |
|---|---|
| Tenure | 310 days |
| Interest Rate | Up to 7.15% per annum |
| Minimum Deposit | ₹10,000 |
| Eligible Investors | Resident Indians, NRIs, HUFs |
| Interest Payout Options | Monthly, Quarterly, or at maturity |
| Insurance Coverage | Up to ₹5 lakh under DICGC |
Final Word
To choose a reliable short-term option in the post-2026 world, investors prefer Canara Bank 310-Day FD, making it an ideal choice, with good interest rates, flexible terms of payment, and under government security, too, for savings escalation toward one year.