The Canara Bank 310-day fixed deposit scheme 2026 is intended to provide high-interest options for investors with a short time commitment. This unique time period for 310 days (or roughly 10 months) allows the bank to provide better than normal interest rates on short-term FDs. Thus, as it comes from a top public sector bank, a completely safe option for 2026, it offers full security plus guaranteed returns for this year for conservative investors.
Why Choose the 310-Day FD Scheme?
A 310-day tenure is the best of both worlds-long enough to look for better returns than a 6-month FD, but hardly long enough to trap the money for a couple of years. Clients can apply for a 310-day FD in anticipation of smaller expenses floating around in the near future-home renovations, medical bills, anything! The scheme combines the best of all four worlds-highly competitive interest rate along with zero doubts involving government-backing.
Current Interest Rates in 2026
Canara Bank revised FD rates in late 2025, and the 310-day special scheme continues to deliver strong returns.
| Category | Interest Rate (p.a.) |
|---|---|
| General Public | 7.00% |
| Senior Citizens | 7.50% |
Senior citizens enjoy an additional 0.50% benefit, making this scheme especially rewarding for retirees seeking regular or cumulative income.
Key Features and Benefits
Deposit at the bank starts at just ₹1,000 with no upper limit for retail customers. You may opt for the cumulative growth scheme, with the interest slipping into the account on a quarterly basis. Withdrawals are permissible subject to a penalty and after the lock-in period. Line of Credit is extended, to the tune of 90% of the FD value. Would you be interested?
The CIF mode of nomination, joint account holding, online booking through Canara Bank Internet banking, or Canara Bank Mobile Banking App all help. The scheme applies to resident individuals, Hindu Undivided Families (HUF), minors through guardians, and non-resident Indians (NRE/NRO accounts).
Who Should Invest in 2026?
The 310-day FD, again competing with many banks offering lower rates on short-tenure deposits in 2026, offers a pretty high yield and a modest to moderate lock-in period. Above all, it is quite suitable for a person who wants to secure some investment rather than investing into market risk and would like to see his investment between a range longer than 6-9 months and shorter than 1-2 years.
Rates and scheme availability can change. Always confirm the current offer in Canara Bank’s official website or will your nearest branch before investing. The Canara Bank 310-Day FD Scheme 2026 is a good, secure option for the disciplined saver looking for dependable short-term growth.
Also read: Bank of Baroda Senior Citizen FD 2026: Interest Rates, Features and Benefits