Investors looking for low risk, short term investment options are closely tracking the 310 day fixed deposit scheme offered by Canara Bank in 2026. With interest rates fluctuating and market volatility making equity investments unpredictable, many savers prefer guaranteed return instruments for parking funds temporarily.
The 310 day FD has gained attention because it offers a fixed tenure with stable returns and capital safety backed by a public sector bank. Here is everything you need to know before investing.
What Is the Canara Bank 310 Day FD Scheme?
The 310 day FD is a special tenure fixed deposit scheme introduced by Canara Bank. Unlike traditional one year deposits, this scheme has a slightly shorter maturity period while still offering competitive interest rates.
It is designed for investors who want to park surplus funds for less than a year but still earn higher returns than a regular savings account.
The scheme follows standard fixed deposit rules with guaranteed returns over the locked period.
Interest Rate and Returns in 2026
Interest rates on the 310 day FD vary depending on the customer category. Regular customers and senior citizens may receive different rates, with seniors often eligible for slightly higher returns.
The exact rate is determined by the bank’s prevailing deposit structure and is subject to revision. However, the return remains fixed once the deposit is booked.
Interest can usually be received at maturity or periodically, depending on the option selected.
Why Investors Are Choosing 310 Day FD
Short term FDs are becoming popular in 2026 because they provide:
- Guaranteed returns without market risk
- Capital safety backed by a public sector bank
- Flexible deposit amount options
- Simple application process
- Suitable option for temporary fund parking
For conservative investors, this combination of stability and liquidity makes the scheme attractive.
Who Should Consider This Investment
The 310 day FD is suitable for salaried individuals, retirees, and small business owners who have idle funds for a limited period.
It is also a good option for those who want to avoid locking money for long tenures but still seek higher interest than savings accounts.
Senior citizens may benefit from slightly enhanced interest rates under bank policy.
How to Open a 310 Day FD Account
Customers can open the fixed deposit through net banking, mobile banking, or by visiting a Canara Bank branch. KYC compliance and valid identification are required.
Existing customers can easily create a fixed deposit through their online banking portal without visiting the branch.
Minimum deposit requirements depend on the bank’s guidelines.
Things to Keep in Mind Before Investing
Premature withdrawal may attract a penalty and reduced interest payout. Investors should ensure they do not need the funds urgently before committing.
It is also advisable to compare interest rates with other banks and short term instruments before finalizing your investment.
Reviewing the effective annual yield helps determine the actual return.
Conclusion
The Canara Bank 310 Day FD 2026 offers a safe and stable short term investment option for risk averse investors. With fixed returns, capital protection, and public sector backing, it provides a dependable choice for those seeking temporary fund placement without exposure to market volatility.
Before investing, check the latest official interest rates and terms to ensure the scheme aligns with your financial goals.
Disclaimer: This article is for informational purposes only. Interest rates and deposit terms are subject to change as per bank policy.