What if you were to tie your money up today and later you would see it turn into a powerful financial nest egg mid-2027, all this while having the benefits of the interest rates that are higher than inflation? In a tumultuous market scenario, Canara Bank’s new Fixed Deposit scheme for a period of 777 days is a great support for those who want to invest wisely and want to avoid losing money through turbulent markets. Early December marks the introduction of the scheme along with a promise of up to 7.75% p.a. It is already attracting the attention of cautious and wise investors who want fixed incomes that are not affected by the stock market’s ups and downs. Now that India’s most reliable government bank is introducing this dandy, we think it is about time that we took a closer look at the reasons behind its popularity.
A Fresh Twist On Fixed Deposits
Canara Bank’s 777-Day Fixed Deposit has a very distinctive lock-in period of 777 days which is about two years and a month. It is intended for the customer that wants to balance liquidity with growth. Anyone can start with just ₹1,000 as the minimum deposit. While traditional fixed deposits are used more for security, this one is capturing the market by offering higher returns and getting investors in. It is open until the end of 2025 and that makes it a perfect fit to be part of an emergency fund or retirement savings. It is very simple and handy according to the traders: the productivity is very consistent without any extra costs.
Interest Rates That Reward Loyalty
The structure of rates is what really shines and it is going to be effective from December 10, 2025. Everyday investors will be able to take 7.25% p.a. which is more than the regular tenure by just one notch. And what about seniors aged 60+? They will be getting an additional 0.50%, thus reaching the impressive 7.75%—an amazing benefit for old age. Older seniors (80+) have even more to gain, as they can get up to 0.60% more on particular versions of this scheme, which means even higher returns. These percentages are valid for the money that is under ₹3 crore. Besides, they come in callable and non-callable forms so that you can choose the one that suits you best. Compared to others such as SBI that offer 7.1% for the same period, Canara’s rates will be more attractive for those looking at mid-term horizons.
| Tenure Category | General Public (% p.a.) | Senior Citizens (% p.a.) | Super Seniors (% p.a.) |
|---|---|---|---|
| 777 Days (Special) | 7.25 | 7.75 | 7.85 |
| 7-45 Days (Short) | 3.00-3.50 | 3.50-4.00 | 3.60-4.10 |
| 1-2 Years (Medium) | 6.50-7.00 | 7.00-7.50 | 7.10-7.60 |
| 5 Years & Above (Long) | 6.70 | 7.20 | 7.30 |
Tailored Schemes For Every Saver
Canara Bank is not just limited to the 777-Day star deposit, it has many more options. The Canara Green Deposit Scheme directs money to environmental projects thus combining the advantages of both higher rates and sustainability at a 6.60% soft rate. Tax Saver FD is another offering where ₹1.5 lakh is the lock-in period for five years and is eligible for a deduction under Section 80C while earning 6.25% for regular clients. Kamadhenu Reinvestment, for example, is the one that compounds quarterly and is perfect for wealth creators. Ashraya targets the senior population by providing house call services and offering a 0.50% increment on their rates. All these different schemes are backed up with DICGC insurance that covers ₹5 lakh and thus protects your principal.
