Canara Bank’s 310-day Fixed Deposit scheme in 2025 is emerging as a favorite among investors seeking secure, short-term, and high-return investments without locking funds for years. With a tenure of just about 10 months, this special FD offers attractive interest rates, low entry investment, and full capital protection—making it ideal for bonus money, emergency funds, or short-term financial goals.
Backed by the trust of a leading public sector bank with over 9,700 branches, the scheme is easy to open both online and offline, starting from as low as ₹1,000. Plus, with DICGC insurance cover up to ₹5 lakh, it remains one of the safest investment choices in 2025’s uncertain economic environment.
Why the 310-Day FD Is a Smart Choice in 2025
With inflation hovering around 5–6% and the RBI maintaining stable repo rates, this short-term FD strikes the perfect balance between safety and strong returns. While regular savings accounts pay just 3–4%, this scheme offers returns of:
- 7.15% p.a. for the general public
- 7.65% p.a. for senior citizens (60+)
For example, an investment of ₹2 lakh grows to about ₹2,12,100 in 310 days, making it far more rewarding than leaving money idle in a savings account.
This FD is especially useful for:
- Education fees
- Medical reserves
- Travel planning
- Short-term business cash parking
With quarterly compounding, government backing, and predictable returns, it appeals strongly to conservative and middle-class investors.
Interest Rates & Payout Options (Effective Nov 2025)
| Investor Type | Interest Rate | Compounding |
|---|---|---|
| General Public | 7.15% p.a. | Quarterly |
| Senior Citizens | 7.65% p.a. | Quarterly |
Payout Modes:
- Cumulative – Interest reinvested for higher maturity value
- Non-Cumulative – Monthly or quarterly interest payout for regular income
TDS Rules:
- No TDS if annual interest is below ₹40,000 (₹50,000 for seniors)
- PAN submission mandatory to avoid higher deductions
- Bulk deposits above ₹2 crore may qualify for customised rates
How to Open the 310-Day FD Easily
You can start your FD in just a few minutes using:
- Canara Bank mobile app / Net banking
- Any Canara Bank branch
Documents Required:
- Aadhaar
- PAN
- Initial deposit amount
Extra Benefits:
- Auto-renewal
- Joint account facility
- Nomination feature
- SMS & e-statement tracking
- Loan/overdraft up to 90% of FD value
- Premature withdrawal allowed after 7 days (with ~1% penalty)
NRIs can also invest through NRE/NRO accounts, making this a flexible option even for overseas investors.
Returns Example for 310 Days (Cumulative Mode)
| Deposit | Rate | Maturity Value | Interest Earned |
|---|---|---|---|
| ₹1,00,000 | 7.15% | ₹1,06,050 | ₹6,050 |
| ₹2,00,000 | 7.15% | ₹2,12,100 | ₹12,100 |
| ₹5,00,000 | 7.15% | ₹5,30,250 | ₹30,250 |
| ₹2,00,000 (Senior) | 7.65% | ₹2,13,200 | ₹13,200 |
Figures are approximate and pre-tax.
Taxation & Safety Highlights
- Interest is taxable as per your income slab
- Use Form 15G/15H to avoid TDS if eligible
- Combine with tax-saving FDs for Section 80C benefits
- Protected by DICGC insurance
- Backed by Canara’s AAA-grade credibility
Tips to Maximise Your FD Returns
- Create an FD ladder (multiple FDs with different maturity dates)
- Reinvest maturity amounts for compounding growth
- Use Canara Bank’s online FD calculator before investing
- Senior citizens should always opt for the higher rate variant
Final Verdict: Is the Canara 310-Day FD Worth It in 2025?
Absolutely. The Canara Bank 310-Day FD 2025 is an excellent option for anyone looking for:
- High short-term returns
- Capital safety
- Liquidity with flexibility
- Senior citizen advantages
- Easy digital access
In a year where market volatility remains high, this FD delivers certainty, stability, and solid growth—making it one of the best short-term fixed deposit options in India for 2025.
