Canara Bank FD: Secure ₹1 Lakh Investment, Guaranteed Returns for All
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News18•27-01-2026, 15:56
Canara Bank FD: Secure ₹1 Lakh Investment, Guaranteed Returns for All
- •Fixed Deposits (FDs) are a reliable investment option for those seeking safe and guaranteed returns amidst market fluctuations.
- •Canara Bank, a public sector bank, offers FD schemes with varying tenures from 7 days to 10 years.
- •Interest rates are influenced by RBI's repo rate changes; Canara Bank offers highest interest on its 555-day FD.
- •For a ₹1,00,000 investment in a 3-year FD, general citizens receive ₹1,19,209 (₹19,209 interest), while senior citizens get ₹1,20,983 (₹20,983 interest).
- •Canara Bank FDs are considered safe due to government regulation and high public trust in public sector banks.
Why It Matters: Canara Bank FDs offer a secure, government-backed investment with guaranteed returns for risk-averse investors.
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