In the year 2025, Canara Bank has brought out a 666 days long FD scheme that promises higher interest with simpler terms. This special deposit is proposed to give better returns compared to standard FDs. That makes the choice smart for people looking at protected and rewarding investment modes.
What is the 666-Day FD Scheme?
The 666-day deposit scheme is a limited period deposit plan in which customers can park their money for precisely 666 days. It offers better interest rates when compared to standard term deposits, thus ensuring that savings are permitted to grow much more rapidly. This scheme is thoroughly safe primarily because it is backed by the trust and reliability of Canara Bank for investors.
Interest Rates for 2025
Canara Bank offers competitive interest rates for both regular customers as well as senior citizens under the above-mentioned scheme. Senior citizens are provided with a further benefit of 0.50% above the stipulated rates, which further ensures a good income during the retirement period. They ensure that the interest is compounded quarterly, realising the fastest returns upon maturity.
Key Features of the Scheme
The flexi-sensitive FD scheme is for those who can afford to park the funds in their preferred choices, should it be non-cumulative (principal plus interest) or cumulative scheme or principal montly payout and interest at quarterly payments. The advantages include loans or overdrafts on the FD when one needs them to remain liquid.
Canara Bank 666-Day FD Scheme 2025 Overview
| Category | Interest Rate (per annum) | Tenure | Special Benefit |
|---|---|---|---|
| General Customers | 7.15% | 666 days | Higher than regular FD rates |
| Senior Citizens | 7.65% | 666 days | Extra 0.50% interest benefit |
| Loan Facility | Available | Linked to FD | Up to 90% of deposit value |
Why Choose This FD Scheme?
The 666-day FD scheme makes it ideal for those seeking secured investments with better returns than regular savings bank accounts. It gives peace of mind admitting to an individual that security and return remain in balance status so that it can be chosen by anyone, any working-class person, or anyone on the verge of retirement. As an added bonus, the senior citizens get the benefit of the higher interest rate which contributes to bringing in higher monthly income.
Impact on Investors
Investors in search of assured growth of savings away from market risks will find this scheme helpful. Besides the flexi-paying options and loans, this scheme particularly mantains the liquidity requirements intact. Higher interest rates also ensure increased earnings for depositors against plain old fixed deposit tenures.
Conclusion
The Canara Bank 666-Day FD Scheme 2025 is a robust saving plan offering NDF rates, safety, flexibility. These are primarily plans that promise top returns, and user-friendly in imposing financial rules that advance the frontiers we keep perennially reviewing.
Also read: Bank Locker Rules 2025: Transparency, Security and Customer Convenience Enhanced
