Have you ever looked at FD rates and felt they were just… average? You’re not alone. In 2025, many savers are quietly hunting for something better than a regular fixed deposit, without stepping into risky territory. That’s where the Canara Bank 666-Day FD Scheme grabs attention.
Here’s the thing. This isn’t a long, lock-your-money-for-years deposit. It runs for 666 days, roughly 1 year and 10 months, and offers higher interest than standard FDs. Backed by a trusted public sector bank, it’s built for people who want stability but don’t want to settle for boring returns.
What Makes the Canara Bank 666-Day FD Different?
Think about it this way. Banks usually reward you for committing money a little longer. This special tenure lets Canara Bank offer premium rates without asking you to lock funds for three or five years.
That makes this FD useful for:
- Parents saving for near-term education expenses
- Families planning a big trip
- Retirees who want predictable, risk-free income
You know exactly what you’ll earn. No market swings. No sleepless nights.
Canara Bank 666-Day FD Interest Rates in 2025
As of 2025, the interest rates for this scheme are:
- General Citizens: 6.75 percent per annum
- Senior Citizens: 7.25 percent per annum
Interest is compounded quarterly, which quietly boosts your final maturity amount. For senior citizens especially, that extra rate difference can make a noticeable impact over 666 days.
Key Features You Should Know
This FD is designed to be flexible, not restrictive.
- Minimum deposit starts at Rs. 1,000, so even small investors can begin
- No maximum limit for most depositors
- Choose between quarterly interest payouts or reinvestment at maturity
- Premature withdrawal is allowed, though penalties apply
- Loan against FD available up to 90 percent of deposit value
On top of that, deposits are covered under DICGC insurance up to Rs. 5 lakh, adding another layer of safety.
Who Can Invest and How?
The Canara Bank 666-Day FD Scheme is open to:
- Resident individuals
- Hindu Undivided Families (HUFs)
- Minors through guardians
- NRIs via NRE or NRO accounts (as per rules)
You can open the FD through a bank branch, internet banking, or the Canara Bank mobile app. It’s straightforward, even if you’re not tech-savvy.
Is This FD Right for You?
If you want guaranteed returns without worrying about market volatility, this scheme fits well. In a time when rates keep shifting, locking a decent return for 666 days can bring peace of mind.
One tip from experience: FD rates can change without much notice. Always double-check the latest rate on Canara Bank’s official website or at a branch before investing.
Frequently Asked Questions
Is the Canara Bank 666-Day FD safe?
Yes. It’s offered by a government-owned bank and covered by DICGC insurance up to Rs. 5 lakh per depositor. This makes it one of the safest fixed-income options available in 2025.
Can I withdraw money before 666 days?
Premature withdrawal is allowed, but the bank will charge a penalty. The exact penalty can vary, so it’s wise to confirm the terms before opening the FD.
Do senior citizens get extra benefits?
Yes. Senior citizens earn a higher interest rate of 7.25 percent per annum, along with the option of regular interest payouts for steady income.