New Delhi – As the festive season of Diwali approaches, Canara Bank is offering its customers a reason to celebrate with a suite of attractive fixed deposit (FD) schemes. While not explicitly named a “Diwali scheme,” the bank is promoting special tenure deposits with high-interest rates, providing a secure investment avenue for individuals looking to grow their savings.
Leading the festive offerings is the Canara Bank 555-day “Dhaakad” Fixed Deposit Scheme. This special tenure deposit offers a competitive interest rate of 7.10% for the general public. Senior citizens are in for an even better deal, with an interest rate of 7.60% on this scheme.
Another lucrative option for investors is the 444-day special FD, which provides an interest rate of 6.50% for regular customers and 7.00% for senior citizens. For super senior citizens (aged 80 and above), the bank offers an additional 0.10% interest on this tenure, taking the effective rate to 7.10%.
Beyond these special tenures, Canara Bank continues to offer a wide range of fixed deposit options with varying maturities. As of the latest update in October 2025, the interest rates for deposits below ₹3 crore are as follows:
| Tenure | General Public (% p.a.) | Senior Citizens (% p.a.) |
| 7 days to 45 days | 3.25 | 3.25 |
| 46 days to 90 days | 4.25 | 4.25 |
| 91 days to 179 days | 4.50 | 4.50 |
| 180 days to 269 days | 5.50 | 6.00 |
| 270 days to less than 1 Year | 5.75 | 6.25 |
| 1 Year Only | 6.25 | 6.75 |
| Above 1 Year to less than 2 Years | 6.25 | 6.75 |
| 2 Years & above to less than 3 Years | 6.25 | 6.75 |
| 3 Years & above to less than 5 Years | 6.25 | 6.75 |
| 5 Years & above to 10 Years | 6.25 | 6.75 |
Customers can start a fixed deposit with a minimum amount of ₹1,000. The bank also offers various other FD schemes tailored to different needs, including the Kamadhenu Deposit (a cumulative deposit scheme), the Ashraya Deposit Scheme for senior citizens, and a Tax Saver Deposit Scheme with a 5-year lock-in period.
With the festive spirit in the air, these fixed deposit offerings from Canara Bank present a timely opportunity for individuals to secure their financial future and earn attractive returns on their savings. Customers are advised to visit their nearest Canara Bank branch or use the bank’s digital platforms for further details and to open a fixed deposit account.
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