Canara Bank FD Scheme 2026: If you are someone who values peace of mind over unpredictable gains, the Canara Bank FD Scheme is worth your attention in 2026. With markets constantly swinging and investment options becoming more complex, fixed deposits have held their ground for decades as one of the most trusted ways to grow your money. This year, Canara Bank has launched a fresh FD plan that stands out for its guaranteed returns, low risk, and wide appeal to both regular investors and retirees.
What makes this scheme even more attractive is the fixed return of ₹39,750 on a ₹1 lakh deposit for five years, especially beneficial for senior citizens. Whether you are planning for retirement, building a safety fund, or simply looking for a stable way to park your savings, the Canara Bank FD Scheme delivers both reliability and decent returns.
Canara Bank FD Scheme 2026: A Reliable Choice for Risk-Free Investment
In 2026, Canara Bank has updated its FD offerings to meet the needs of modern investors while keeping the core benefits intact. The Canara Bank FD Scheme offers fixed interest rates up to 7.10 percent, depending on the customer’s age and deposit duration. This is great news if you are a senior or super senior citizen, as you qualify for higher returns. More importantly, the interest remains locked, which means no market crash or inflation change will affect your maturity amount.
The 5-year FD is particularly appealing, where a senior citizen investing ₹1,00,000 earns a guaranteed ₹39,750 over the tenure. It is not just about the numbers. The real value lies in the assurance of getting back more than you put in, without worrying about daily market updates or risky financial decisions. For many, this makes Canara Bank’s FD one of the most accessible and dependable investment tools available right now.
Overview of Canara Bank FD Scheme 2026
| Feature | Details |
| Bank Type | Government-owned |
| Minimum Deposit Period | 7 days |
| Maximum Deposit Period | 10 years |
| Interest Rate (General Citizens) | 3.25 percent to 6.75 percent |
| Interest Rate (Senior Citizens) | Up to 7.00 percent |
| Interest Rate (Super Senior Citizens) | Up to 7.10 percent |
| 5-Year FD Return (General Citizens) | ₹1,36,354 on ₹1,00,000 |
| 5-Year FD Return (Senior Citizens) | ₹1,39,750 on ₹1,00,000 |
| Insurance Coverage | Up to ₹5 lakh |
| Special Scheme | 444-day FD with higher rates |
Key Features of Canara Bank FD Scheme
Canara Bank has kept things flexible in its latest FD scheme, allowing investors to pick a tenure ranging from just 7 days to as long as 10 years. This flexibility is great if you have short-term financial goals or are planning for something long term like a child’s education or your retirement. The interest rates differ based on how long you choose to invest and your age group.
General customers receive between 3.25 percent and 6.75 percent depending on the tenure. Senior citizens are offered up to 7 percent, while super senior citizens enjoy the highest rate of 7.10 percent. All this while knowing that your money is safe in a government-owned bank. Additionally, each FD is covered under deposit insurance up to ₹5 lakh, providing a second layer of protection to your hard-earned savings.
Attractive Returns on 5-Year FD
The five-year fixed deposit is one of the most popular options under the Canara Bank FD Scheme this year. For a general customer, putting ₹1 lakh in this scheme results in a maturity amount of ₹1,36,354. But the real highlight is for senior citizens. If you are above 60 years of age, you will receive ₹1,39,750 at maturity, giving you a fixed interest of ₹39,750.
This makes it an ideal plan for retirees or anyone looking to build a dependable source of income over the medium term. The fixed interest rate of 6.75 percent for seniors means your returns are guaranteed and unaffected by inflation or market dips, which is a major reason why many are turning to this plan in 2026.
Special 444-Day FD Scheme
For investors looking for something shorter than five years but still want more than what a savings account offers, Canara Bank’s 444-day FD scheme is a solid option. It is designed to deliver better returns in a shorter duration. This scheme is gaining attention among younger investors and professionals who may not want to block their funds for years but still seek higher interest.
Here are the current rates:
- General Citizens: 6.50 percent
- Senior Citizens: 7.00 percent
- Super Senior Citizens: 7.10 percent
This mid-term option is especially helpful for people saving for a big purchase or planning to rotate their investment across different schemes within a shorter cycle.
Completely Safe and Reliable Investment
Safety is always a top concern, especially when investing larger sums. Canara Bank, being a government-backed institution, already earns trust. But apart from that, each fixed deposit is also insured up to ₹5 lakh under the deposit insurance program. So even if something unexpected happens, your money is still safe.
Add to that the fixed interest rates, and you have a scheme where the risk is practically zero. This makes the Canara Bank FD Scheme particularly useful for senior citizens, homemakers, and conservative investors who prefer assurance over high risk.
Why You Should Choose This FD
This FD plan checks almost every box for those seeking low-risk, guaranteed growth of their savings. It offers:
- Attractive fixed interest rates up to 7.10 percent
- Higher returns for senior and super senior citizens
- Complete flexibility in choosing the duration
- Full safety with deposit insurance
- A special 444-day plan for mid-term returns
Whether you are saving for future expenses, retirement, or just want to keep your money safe while it grows, the Canara Bank FD Scheme is one of the most practical and trusted options available in 2026.
FAQs
1. What is the fixed return on a ₹1 lakh deposit for five years under the Canara Bank FD Scheme?
Senior citizens will receive ₹1,39,750 at maturity, which means a fixed interest of ₹39,750.
2. Who can avail the 7.10 percent interest rate in Canara Bank FD?
Super senior citizens above 80 years of age can earn up to 7.10 percent interest.
3. Is the Canara Bank FD safe for large investments?
Yes, Canara Bank is a government-owned bank and FDs are insured up to ₹5 lakh, making it very safe.
4. What is the special 444-day FD scheme?
It is a short-term fixed deposit option offering interest rates up to 7.10 percent for super senior citizens.
5. What is the minimum duration required to open an FD in Canara Bank?
You can open an FD for as short as 7 days.
