Canara Bank's FD is a profit-generating machine; earn 7.10% interest on a 555-day investment—don't miss this opportunity!

Canara Bank Special FD: Canara Bank is offering interest rates of 6.60% to general citizens and up to 7.10% to senior citizens on its special 555-day Fixed Deposit (FD) scheme. With these rates, the bank presents an excellent opportunity for secure investment. Let’s find out what kind of returns you can expect on your investment.

There are numerous public sector banks in the country providing banking services to people nationwide. Canara Bank is one of the prominent names among them. Indeed, the bank is offering attractive interest rates on Fixed Deposits (FDs) to its customers. Currently, Canara Bank offers interest rates ranging from 3.00% to 7.20%. Let us explore the interest rates currently available on the bank's special 555-day FD scheme.

Interest rates on the 555-day special FD scheme

Canara Bank runs a special 555-day FD scheme for its customers. Interest rates under this scheme vary based on age. General customers aged up to 59 years receive an interest rate of 6.60% on this scheme.

For senior citizens aged 60 years or older, the rate increases to 7.10%. Furthermore, customers aged 80 years or above—falling into the 'super senior citizen' category—are offered the highest interest rate of 7.20% under this scheme.

Extra benefits for senior citizens on FDs of 180 days or more

Canara Bank offers an additional 0.50% interest to senior citizens (aged 60 and above) compared to general customers, not only on the 555-day scheme but also on FDs with tenures of 180 days or longer. Meanwhile, 'super senior citizen' customers—those aged 80 years or older—are being offered an interest rate that is 0.10% higher than that offered to regular senior citizens on the 444-day and 555-day FD schemes.

When were interest rates last revised?

Yes, you can start investing with Canara Bank with as little as ₹1,000 and earn an impressive 7.10% interest on the 555-day FD. The bank last revised the interest rates for its FD schemes on March 17, 2026. Since then, there have been no major changes to the interest rates offered on FDs.

Key information for you

Canara Bank's special 555-day scheme offers an excellent combination of government-backed security and high interest rates. The fact that senior citizens and super senior citizens receive more than 0.50% in additional interest makes this scheme more attractive than other options available in the market. If you are looking for a guaranteed, fixed income on your savings, this could be the ideal time to invest.