Canara Bank now has short-term fixed deposit options for 2026, paying competitive interest for a 310-day tenor. The FD is dedicated to those who desire a fixed interest rate a bit higher than the traditional saving accounts, while they would like the funds retained for less than one year. The 310-day deposit option seems a good offer to the conservative savers, especially as current economic trends promise stable interest rates.
Two Hundred thousand rupees in only 310 days
In a Canara Bank FD of 31 days over 200,000 rupees, the interest amount will be promisingly considerably higher than in many of the others short-term options. This is because banks frequently will offer the interest rate higher on deposits nearing a complete twelve months but a little less than a year, so this option is ideal for any investor looking for a mix award balance and liquid.
Interest Rate on the 310-Day FD
During the 310-day tenure, Canara Bank has come up with very aggressive interest rates compared to its usual one-year FD package. The compounding is quarterly, and hence recurring. There is additional benefit for senior citizens too besides giving an optimal return from a non-market variable risk.
The estimated maturity for a ₹2lakh amount is:
The maturity for an initial ₹2 lakh deposit over 310 days relies on rates at the booking. By the grace of current interest rates, the maturity amount will exceed a typical returns.
Deposit Amount Tenure Approx. Interest Rate Estimated Maturity Amount
₹2,00,000 310 Days//~7.10% ₹2,14,000 (approx.)
The table above is an approximate estimate as the actual returns are very slightly dependent upon the exact rate at the time of investment.
Who Should Exhibit Interest in This 310-Day FD
This FD serves as a fine selection for people wanting a safe place to park for short-to-medium term assured return, thereby making it ideal for employed individuals or retirees or the investor with some investment appetite but takes stability from risk of market upheaval. The period of investment is quick enough to be able to deliver to the investors short-term liquidating marketability along with reasonably attractive returns.
Income Tax Reporting
The interest earned on the principal remains taxable according to the tax rate prevalent for the particular individual in point. The bank will deduct TDS at the standing rates from these disbursed interests. Should the amount of interest exceed the limit set for the securities, the tax will be deducted at the source only if the proper notice of exemption is submitted in time by the investor. Thus, the bank saves not only the principle but all interests while paying the compounded balance to the investor.
Senior Citizen Benefit 2026
This non-cumulative per annum variant offers an increment in the interest rates offered specifically to be 0.50%, enhancing the interest rate for the senior citizens, and elderly pensioners manage to earn a little more with their savings. This makes the Canara Bank 310-Day Senior Citizen FD Scheme a great temp short-term parking for funds in the name of FD for those with just a little possibility of their investments.
Canara Bank 310 Day FD: How To Book
The very simplest option applicable is visiting Canara Bank and making an application together with the identification copy and, of course, the funds needed to make the deposit. This scheme was designed with even the most budget-class investors in mind: include high liquidity, ease in use, etc.
The Conclusion of the Canara Bank 2026 310-Day Revised Deposit
The 2026 310-day revised deposit of Canara Bank is highly desirable for its security features, low-risk returns, and short timing flexibility. Offering more than ₹2 worth to more than ₹2.14 lakh within less than a year can carry the determination that it is a valid transaction for conservative investors, detailing an assured return over the plan and minimal effort in the market.