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Canara Bank launches new FD scheme 2026 offering an attractive fixed-return opportunity for safe investors. By depositing ₹50,000, you can earn a guaranteed interest of up to ₹19,875 over the deposit tenure, making this a great opportunity for anyone looking to grow savings without market risk.
Special Scheme Details (Interest Rates & Key Highlights)
According to recent banking updates, Canara Bank has introduced a special fixed deposit scheme for 2026 aimed at individuals who prefer stable and predictable returns.
Key highlights of the scheme:
- Minimum deposit starts from ₹1,000
- Example deposit amount: ₹50,000
- Total interest earned: up to ₹19,875
- Fixed and guaranteed interest for the entire tenure
- Higher interest rate than regular fixed deposits
- Scheme available for a limited time only
- Open for both general customers and senior citizens
Senior citizens may be eligible for additional interest benefits, increasing overall returns further.
Safety & Benefits of This FD Scheme
This FD scheme is designed for investors who want safety first while still earning attractive interest.
Major safety and benefit factors include:
- Offered by a government-backed public sector bank
- No exposure to stock market risks
- Guaranteed maturity value known in advance
- Ideal for conservative investors and retirees
- Suitable for short- to medium-term savings goals
Your principal amount remains protected while earning fixed interest throughout the tenure.
Why You Should Choose This FD Scheme Now
Special FD schemes are usually introduced for a short duration, and once withdrawn, the interest rates may not return.
Reasons to invest now:
- Lock in higher interest before rates change
- Limited-period offer
- Better returns than regular savings accounts
- Useful for emergency funds or planned expenses
- Provides financial stability during uncertain times
With rising expenses and fluctuating markets, a fixed deposit with assured returns offers peace of mind.
FAQs: Canara Bank New FD Scheme 2026
1. Can I open this FD online?
Yes, the FD can be opened through internet banking, mobile banking apps, or by visiting the nearest branch.
2. Who can invest in this FD scheme?
Resident Indian individuals, including senior citizens, are eligible.
3. Is the interest rate fixed for the entire period?
Yes, once the FD is booked, the interest rate remains unchanged until maturity.
4. Is premature withdrawal allowed?
Yes, premature withdrawal is allowed, but a penalty may apply.
5. Do senior citizens get extra interest?
Yes, senior citizens generally receive a higher interest rate than regular depositors.
6. Will TDS be deducted on interest income?
Yes, TDS is applicable as per prevailing income tax rules if interest exceeds the threshold limit.
Final Takeaway
Canara Bank’s new FD scheme for 2026 is a strong option for investors seeking safe, fixed, and predictable returns. Earning ₹19,875 in interest on a ₹50,000 deposit makes it a great opportunity for small and medium savers.
If you value security, simplicity, and guaranteed income, this limited-period FD scheme is worth considering—before the offer ends.
This post is for informational purposes only.Invest responsibly.No guarantees of results. Seek professional guidance before investing.Consult experts for personalized advice.AI-assisted content, editorially reviewed.See our terms for details.Please note that I am not a SEBI registered investment advisor. The information provided in this article is for informational and educational purposes only and should not be construed as financial advice. Always consult with a qualified and SEBI registered financial professional before making any investment decisions. .Follows Google policies.Not affiliated with Investopedia.com. investopedia.co.in Independent site.
