Canara Bank, one of India’s leading public-sector banks, continues to attract depositors with its competitive Fixed Deposit (FD) interest rates and secure investment options. For customers looking for guaranteed returns without market risks, Canara Bank’s FD schemes offer a dependable way to grow savings. Recent calculations show that a ₹1,00,000 deposit can earn up to ₹39,750 in interest, depending on the chosen tenure and applicable FD rate.
FDs Continue to Be a Safe Choice
With stock markets fluctuating and financial uncertainty affecting many households, fixed deposits remain a preferred investment tool for those seeking safety, stability, and assured returns. Canara Bank’s FD schemes offer transparency, flexible tenure options, and attractive rates that make them appealing for salaried individuals, senior citizens, and long-term savers alike.
How You Can Earn ₹39,750 Interest on ₹1 Lakh
The return of ₹39,750 is achievable when investors select longer-tenure FDs where interest rates are higher. The bank uses quarterly compounding to calculate returns, allowing the investment to grow steadily over time. Senior citizens enjoy an additional interest rate benefit, which further boosts their maturity amount.
For a typical investor, choosing a tenure of 5 years or more at a competitive rate can generate returns close to this figure. The compounding effect plays a key role in boosting the total maturity value over the entire period.
A Secure and Hassle-Free Investment
Canara Bank ensures that FD investors enjoy a smooth and convenient experience. Opening an FD can be done online through the bank’s digital banking platforms or by visiting any branch. Customers can choose between cumulative and non-cumulative options, depending on whether they prefer periodic interest payouts or a lump sum at maturity.
The bank also allows premature withdrawal subject to nominal penalties, giving depositors flexibility in case they need emergency funds.
Canara Bank FD – Estimated Returns on ₹1 Lakh
| FD Tenure | Approx. Interest Rate | Maturity Amount | Total Interest Earned |
|---|---|---|---|
| 3 Years | ~6.7%* | ₹1,21,500 – ₹1,22,000 | ₹21,500 – ₹22,000 |
| 5 Years | ~7%* | ₹1,40,000 – ₹1,41,000 | ₹40,000 – ₹41,000 |
| Senior Citizens (5 Years) | ~7.5%* | ₹1,43,000 – ₹1,44,000 | ₹43,000 – ₹44,000 |
*Rates are indicative and may vary based on Canara Bank’s latest updates.
Why Investors Prefer Canara Bank FDs
Canara Bank has consistently offered stable FD returns backed by strong government support, making it one of the safest places to invest. With flexible tenure options ranging from 7 days to 10 years, customers can choose a plan that suits their financial goals. The bank’s reputation, simple process, and guaranteed returns make this a reliable long-term investment choice.