Among the various options available for cautious savers, the Canara Bank’s 310-Day Fixed Deposit (FD) Scheme 2026 is drawing attention due to its provision of safety, consistent returns, and flexibility. The investors in this scheme will not have to wait for a longer period like in the case of long-term deposits to reap the rewards of high-interest rates. It is already a choice of a large number of the risk-averse investors because of its attractive rates and the triple assurance of the government.
The scheme is oriented towards those who wish to keep their money safely without it being a long time. So let us go through the features and benefits of the product and also what the earnings will be.
Key Features of the 310-Day FD
Canara Bank has launched this FD scheme position to synchronize short-term liquidity with major returns.
- Tenure: 310 days (a little over 10 months).
- Interest Rate: Approximately 7.15% per annum (not final).
- Minimum Deposit: ₹10,000.
- Qualified Investors: Indian residents, Non-Residents Indians, and Hindu Undivided Families (HUFs).
- Insurance Coverage: Up to ₹5 lakh, deposits are covered by DICGC.
Thus, it caters to both the less affluent and more affluent investors who seek to grow their money safely.
Interest Payout Options
The investors are provided with the option concerning the payment of interest:
- Cumulative: At the time of maturity, the interest is paid along with the principal.
- Monthly/Quarterly: Regular disbursements for those desiring constant income.
The whole situation is loose which assists retirees, salaried people, and business people in controlling their cash flow according to their requirements.
Informative Table: Example Returns
| Deposit Amount | Interest Rate | Tenure | Approx. Interest Earned | Maturity Value |
|---|---|---|---|---|
| ₹50,000 | 7.15% | 310 days | ₹2,975 | ₹52,975 |
| ₹1,00,000 | 7.15% | 310 days | ₹5,950 | ₹1,05,950 |
| ₹2,00,000 | 7.15% | 310 days | ₹12,100 | ₹2,12,100 |
Why Choose This FD in 2026
- Short-term commitment: Perfect for those who do not wish to tie up their money for years.
- Higher returns: More than many savings accounts and short-term deposits.
- Reliable bank: Canara Bank is a public sector bank backed by the government.
- Secure investment: The insurance coverage adds an additional layer of security.
Conclusion
The Canara Bank 310-Day FD Scheme 2026 is the one that gives the investors the right combination of safety, liquidity, and good returns. It is a good choice for the investor who wants to make a small fortune in less than a year without the risks of the market. With the flexible payout options and good interest rates, it is perfect for both beginners and seasoned elmer who have short-term financial goals.