If you are looking for a safe and smart way to grow your savings, Canara Bank’s 444-day Fixed Deposit (FD) scheme might be the right option for you. With attractive interest rates and guaranteed returns, this FD plan helps you earn more from your idle money.
In this article, we will explain how you can earn up to ₹37,839 by investing ₹4 lakh in Canara Bank’s special 444-day FD scheme. We’ll keep everything simple and easy to understand.
What is a Fixed Deposit (FD)?
A Fixed Deposit (FD) is a saving option provided by banks where you deposit a lump sum amount for a fixed period and earn interest on it. You cannot withdraw the money before the term ends, unless you are ready to pay a small penalty.
FDs are safe because they are not affected by market ups and downs. That’s why they are a popular option for risk-free savings.
About Canara Bank’s 444-Day FD Scheme
Canara Bank has introduced a special FD scheme with a tenure of 444 days. This plan is perfect for people who want short-term returns with good interest.
Here are some important points:
- Tenure: 444 days (around 1 year and 2.5 months)
- Interest Rate (General Public): 7.25% per annum
- Interest Rate (Senior Citizens): 7.75% per annum
- Minimum Investment: ₹1,000
- Maximum Limit: No upper limit
How Much Will You Earn on ₹4 Lakh?
Let’s do the math and see how much return you will get if you invest ₹4,00,000 in this FD scheme.
For General Public (Interest Rate 7.25% p.a.)
- Principal: ₹4,00,000
- Interest (approx): ₹37,839
- Maturity Amount: ₹4,37,839
- For Senior Citizens (Interest Rate 7.75% p.a.)
- Principal: ₹4,00,000
- Interest (approx): ₹40,457
- Maturity Amount: ₹4,40,457
So, by just keeping your ₹4 lakh safely in Canara Bank’s FD for 444 days, you can earn between ₹37,839 to ₹40,457, depending on your age.
Summary Table
| Investor Type | Interest Rate | Investment Amount | Maturity Period | Interest Earned | Maturity Amount |
| General Public | 7.25% | ₹4,00,000 | 444 days | ₹37,839 (approx.) | ₹4,37,839 |
| Senior Citizens | 7.75% | ₹4,00,000 | 444 days | ₹40,457 (approx.) | ₹4,40,457 |
Key Benefits
- Higher returns compared to regular savings accounts.
- Safe and secure, backed by the government-regulated bank.
- Flexible – invest as low as ₹1,000.
- Special rate for senior citizens.
- Tax-saving potential (though interest earned is taxable beyond ₹40,000/₹50,000 for seniors).
Things to Keep in Mind
- Premature Withdrawal: You can break the FD before 444 days, but you might earn less interest or pay a small penalty.
- TDS (Tax Deducted at Source): If your total interest income in a year exceeds ₹40,000 (₹50,000 for seniors), TDS will be deducted.
- No Loan Option on FD: Canara Bank may or may not allow you to take a loan against this special FD.
How to Invest in Canara Bank’s 444-Day FD?
You can open the FD easily by visiting your nearest Canara Bank branch or using internet banking or mobile banking.
Steps to Invest:
- Visit your branch or log into Canara Bank’s online portal.
- Choose “Fixed Deposit” option.
- Select 444 days as the tenure.
- Enter the amount (₹4,00,000 or as desired).
- Confirm and deposit the amount.
That’s it! You’ll get your FD receipt and the bank will handle the rest.
Final Words
If you’re someone who prefers safe investments with guaranteed returns, then Canara Bank’s 444-Day FD scheme is a solid choice. With an investment of ₹4 lakh, you can earn up to ₹37,839 if you’re under 60, and up to ₹40,457 if you’re a senior citizen.
This plan is ideal for:
- Retired individuals
- Salaried people looking for safe savings
- First-time investors
- People saving for short-term goals like travel, fees, etc.
So don’t wait—make your money work for you while you stay stress-free!