Canara Bank 444-Day Fixed Deposit: A Smart Investment Option with High Returns

Canara Bank 444 Day FD :  you’ve been looking for a safe way to grow your money without locking it up for too long, Canara Bank’s 444-day fixed deposit scheme could be a solid choice. It’s designed for people who want better returns than a one-year FD but still prefer a short-term commitment.

What Makes the 444-Day FD Special

This scheme runs for exactly 444 days — that’s about 14 and a half months. It’s part of Canara Bank’s special deposit range, available for amounts below ₹3 crore. You can choose between callable deposits (where you can withdraw before maturity) and non-callable deposits (where you can’t break it early but get slightly higher returns).

Current Interest Rates

The 444-day FD offers around 7.25% interest per year for general customers. Senior citizens get 7.75%, and super senior citizens — those above 80 — can earn up to 7.85%. These rates are among the better ones in the market for this kind of short-term deposit.

Who Can Invest

This fixed deposit is available only in India, and you can open it through any Canara Bank branch or online banking portal. It’s open for:

Individuals and joint account holders

Hindu Undivided Families (HUFs)

Companies and associations

NRIs through NRO or NRE accounts in Indian Rupees

If you’re living abroad but hold an NRE or NRO account in India, you can still invest in this 444-day scheme.

Key Features You Should Know

• Tenure: 444 days (fixed)
• Minimum deposit: ₹25,000 for callable FDs
• Maximum amount: Up to ₹3 crore
• Loan facility: You can take a loan of up to 90% of your FD amount
• Premature withdrawal: Allowed for callable deposits with a small penalty
• Taxation: Interest earned is taxable under Indian income tax rules

Why It’s a Good Option

The 444-day FD strikes the right balance between flexibility and profit. It’s longer than a one-year FD, which helps you earn more interest, but not as long as a three-year lock-in. That makes it perfect for short-term financial goals like paying for higher education, travel, or building an emergency fund.

For senior citizens, it’s even better the extra 0.5% to 0.6% boost adds up nicely, especially over large deposits.

Availability in Other Countries

Currently, this 444-day FD is offered only by Canara Bank in India. Other countries do not have the same tenure scheme under this name. However, Indian NRIs in places like the UAE, USA, Canada, or the UK can still invest in it through their NRE or NRO accounts.

If you’re outside India, you can contact your nearest Canara Bank overseas branch or use online banking to open an NRE/NRO FD with the same tenure.

Disclaimer: The information above is for general awareness only. Interest rates and terms may change anytime, so always verify details on the official Canara Bank website or at your nearest branch before investing.