Canara Bank has launched a new 12-month Fixed Deposit (FD) scheme in 2025, providing investors with attractive interest rates and guaranteed returns. This scheme is ideal for risk-averse investors looking to grow their savings safely over a short-term period.
Why Choose Canara Bank 12-Month FD
The 12-month FD is perfect for investors seeking secure returns without market risk. With competitive interest rates and government backing, it ensures predictable growth for savings over a one-year period.
Interest Rate and Benefits
The FD offers attractive interest rates with additional benefits for senior citizens. Investors can choose between receiving periodic interest payouts or letting the interest compound until maturity for higher returns.
| Key Feature | Canara Bank 12-Month FD Details |
|---|---|
| Minimum Deposit | As per bank norms (usually ₹10,000) |
| Tenure | 12 months |
| Interest Rate | Up to 7.50% per annum (senior citizens get extra 0.25%) |
| Payout Options | Monthly, quarterly, or cumulative at maturity |
| Safety | Government-backed, risk-free investment |
| Premature Withdrawal | Allowed as per bank rules, with reduced interest |
| Target Audience | Retail investors seeking safe, short-term returns |
How the FD Works
Investors deposit funds for 12 months and select a payout option. The interest is calculated at a fixed rate, ensuring guaranteed returns regardless of market fluctuations. This makes it ideal for conservative investors.
Only Bullet Section (Allowed Once)
Key points are minimum deposit as per bank norms, 12-month tenure, interest up to 7.50%, government-backed safety, payout options (monthly, quarterly, cumulative), and premature withdrawal under bank rules.
Who Should Invest
This FD suits salaried individuals, retirees, and conservative investors looking for short-term, risk-free investment with assured returns. It provides financial stability and predictable income over a one-year period.
Conclusion: Canara Bank’s 12-month FD scheme is an attractive, safe, and short-term investment option offering bumper interest and guaranteed returns. Its flexible payout options and government backing make it a reliable choice for conservative investors in 2025.
Disclaimer: Interest rates and terms are subject to change; confirm details with the official Canara Bank branch before investing.
