The Canara Bank 444 Days Fixed Deposit scheme has surprised investors by offering attractive returns in a short duration. At a time when people are looking for safe, predictable, and short-term investment options, this special FD tenure from Canara Bank is gaining strong attention—especially among conservative and senior investors.
What Makes the 444-Day FD Different
Unlike regular 1-year or long-term FDs, the 444-day tenure is designed to capture higher interest rates without locking money for too long. This makes it ideal for investors who want better-than-savings returns while keeping funds accessible in a little over one year.
Canara Bank 444-Day FD – Scheme Overview
| Particular | Details |
|---|---|
| Bank Name | Canara Bank |
| FD Tenure | 444 Days |
| Minimum Deposit | ₹1,000 |
| Example Investment | ₹2,50,000 |
| Interest Type | Cumulative / Non-cumulative |
| Safety | PSU Bank-backed |
| Risk Level | Very Low |
How ₹2.5 Lakh Grows in 444 Days
With the special interest rate applicable to this tenure, a ₹2.5 lakh deposit earns higher interest than a standard 1-year FD. The final maturity amount depends on the prevailing interest rate at the time of booking, the compounding option, and whether the depositor is a senior citizen, who generally receives an additional rate benefit.
This makes the scheme suitable for people planning near-term financial goals, such as reinvestment, family expenses, or capital protection.
Why Investors Are Choosing This FD (Only Key Points)
- Higher interest than regular 1-year FDs
- Short lock-in of just 444 days
- Extra interest benefit for senior citizens
- Capital safety with a public sector bank
- Ideal for short-term, low-risk investors
Tax and Withdrawal Rules Explained
Interest earned on the FD is fully taxable as per the investor’s income tax slab. TDS applies if total interest crosses the annual threshold. Premature withdrawal is allowed, but a penalty may be charged according to Canara Bank’s FD rules.
Who Should Consider This FD
This FD suits retired individuals, risk-averse investors, and those waiting for long-term rate clarity. It is also useful for people who want to park surplus funds safely for around one year without market exposure.
Conclusion
The Canara Bank 444-day FD scheme stands out as a smart short-term investment option in the current rate environment. For investors wondering how to grow ₹2.5 lakh safely in just over a year, this FD offers a strong mix of security, flexibility, and better returns compared to standard deposits.
Disclaimer
This article is for informational purposes only. Fixed deposit interest rates, penalties, and maturity values are subject to change as per bank policy and RBI guidelines. Investors are advised to verify the latest rates and terms directly with Canara Bank before investing.