Fixed Deposits (FDs) are still one of the safest and most trusted investment options in India.
If you are looking for guaranteed returns without any risk, then the 444-day special FD scheme by Canara Bank is getting a lot of attention right now.
Let’s understand this scheme in a simple way and see how much you can earn by investing ₹2 lakh.
What is Canara Bank’s 444-Day Special FD?
Canara Bank launches special FD schemes from time to time to attract investors.
This 444-day FD is one such plan.
It is perfect for people who:
Want safe and guaranteed returns
Don’t want to lock money for a long period
Prefer bank investments over risky options
The biggest highlight of this scheme is its attractive interest rate, which makes it a good option for both regular and senior citizens.
Interest Rates and Returns Explained
According to the bank, this FD offers competitive interest rates.
Senior citizens can get up to 7.29% annual interest
Regular investors can get around 6.5% to 7% interest
The interest is compounded, which means you earn extra returns over time compared to simple interest.
How Much Will You Get on ₹2 Lakh?
Let’s break it down in a simple way if you invest ₹2,00,000:
Senior Citizens:
You can earn around ₹17,000 to ₹18,000 as interest in 444 days.
Total amount at maturity will be more than ₹2.17 lakh.
Regular Investors:
You can earn around ₹15,000 to ₹16,000.
This makes it a decent short-term investment with stable returns.
Who Should Invest in This FD?
This scheme is a good choice for people who:
Want to avoid stock market risk
Have extra money lying idle
Want better returns than a savings account
If you don’t need your ₹2 lakh for the next 14–15 months, this FD can be a smart and safe option.
How to Invest Easily
Investing in this FD is simple:
Visit your nearest Canara Bank branch
Or use net banking / mobile app
Go to “Digital Products” and select 444 Days Special FD
Also, don’t forget to add a nominee to avoid any future issues.
