Bank FDs have always been popular among investors because they are safe and offer fixed returns.
If you plan to invest in an FD, it’s important to check interest rates across banks and choose the one that gives the highest returns.
Canara Bank, one of India’s leading public sector banks, offers FDs that can help you earn significant profits over time.
In this article, we’ll focus on a 10-year FD that can give senior citizens a direct profit of ₹4.43 lakh.
Canara Bank FD Interest Rates
Canara Bank provides fixed deposits for different tenures, all offering 5.90% interest for general customers:
1 year – 5.90%
2 years – 5.90%
3 years – 5.90%
5 years – 5.90%
For 10-year FDs, the interest rates are:
General citizens – 5.90%
Senior citizens – 6.40%
How Much Can You Earn from a 10-Year FD?
If you invest ₹5 lakh in a 10-year FD as a general customer, the maturity amount will be ₹8.98 lakh, giving a direct profit of ₹3.98 lakh.
For senior citizens, the same investment grows to ₹9.43 lakh, resulting in a profit of ₹4.43 lakh.
This makes long-term FDs from Canara Bank a strong option for secure wealth growth.
Why Consider This FD?
Canara Bank’s 10-year FD is ideal for those looking for:
Long-term security
Guaranteed returns
Better interest rates for senior citizens
It’s a reliable way to grow your money steadily without market risks.