With a festive mood descending on us, Canara Bank has emerged with a special Diwali FD Scheme for 2025, promising great interest rates net of discounts and flexible tenures. Among the numerous options, the 310-day FD plan has especially gained attention for its fair returns and short-term concern with maturity. Hence, these investors can duly benefit from this once-in-a-lifetime product solution guaranteeing safety and assured returns during the festive occasion.
Quick Glance at Canara Bank Diwali FD 2025 Scheme
Diwali FD 2025 scheme from Canara Bank aims to deliver superior returns on short-term deposits, with absolute safety. The occasion traditionally calls for financial planning and saving, and this 310-day plan creates an apt balance between liquidity and return. Customers can start anywhere from ₹1,000, but an investment of ₹2,00,000 would give an ideal case study on how much one can earn in the stipulated short time.
Potential Earnings on ₹2,00,000 Investment
If an interest rate of around 7.25% per annum is earned for 310 days, the customer stands to earn an interest of about ₹12,300 on the principal of ₹2,00,000 at maturity. Senior citizens can enjoy a slightly higher rate of interest of close to 7.75%, bringing the total value at maturity near to ₹2,12,900. The interest accrues on a quarterly compounding basis, resulting in greater overall accrual as compared to simple interest. The scheme allows quick reinvestment options and is equally suitable for short-term investors and those seeking regular income.
Why Choose Canara Bank’s Festive FD Plan
Canara Bank is a banker with a reputation for genuine and customer-oriented banking products. The 310-day Diwali FD is for investors who want a plan with competitive interest rates and safety for their capital during turmoil in the markets. The bank allows for easy online booking through its mobile app and net banking portal, making FD purchasing possible within minutes. Premature withdrawal facility, along with loan against FD, is a further advantage given to FD holders offering maximum flexibility.
Conclusion
The Canara Bank Diwali FD of 2025 is an excellent opportunity for investors to earn interesting short-term returns with their money trusted. Investing ₹2,00,000 in this 310-day plan guarantees a good return to the customer within a year’s time. This festive season, Canara Bank Diwali FD might be just the thing for growing your savings and celebrating prosperity.
