Imagine your savings becoming a golden ticket to steady, no-worry, and no-risk growth—this is exactly what Canara Bank’s 777-Day FD Scheme 2025 offers. In a market that experiences constant reshuffles and temporary crypto euphoria, the special deposit of Canara Bank quietly shouts reliability, giving out rates that are way higher than FDs’ and repeating the lucky number 7 for three times the wealth. The product is launched in response to the RBI’s rate cuts and is considered by many as a wise choice for the risk-averse investors who are looking at the economic landscape of 2025.
Why 777 Days? The Perfect Tenure Twist
This is not your gran’s savings account. The 777-Day FD puts the money in for exactly 777 days—a little less than two years—thus, the investor has access to the money relatively soon and at the same time the interest rate is good enough to be considered juicy. No more using volatile stocks as a guess and gamble. The first day of October 2025, after the repo rate changes made by the RBI, the product became very popular, and the number of new accounts was over 200,000 for the third quarter alone. It is meant for putting away money that is not essentially needed for the time being, like retirement funds, or emergency buffers, and if you wish, it will renew itself without any hassle.
Tailored Rates For Every Saver
Canara Bank further attracts customers with a four-tier interest rate, compounded quarterly for max. growth. Seniors are also given preferential treatment with extra higher rates. The table is as follows:
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| Category | Interest Rate (p.a.) | Example Yield on ₹1 Lakh |
|---|---|---|
| General Citizens | 7.10% | ₹17,500 |
| Senior Citizens (60+) | 7.60% | ₹18,700 |
| Super Seniors (80+) | 7.70% | ₹18,900 |
The rates apply only to deposits of less than ₹2 crores; for deposits of ₹5 crores and more, the bank will provide custom quotes. TDS will be applicable only if the total interest exceeds ₹40,000 (or ₹50,000 for seniors), but forms 15G/H will take care of it being tax-effective.
Who Qualifies? Broad Doors Wide Open
The requirements for eligibility are very straightforward: in the first place, Indian citizens aged at least 18, HUFs, minors through guardians, and NRIs in the form of NRE/NRO accounts. Just connect Aadhaar/PAN for KYC. Complete eligibility—ideal for newly graduated students or pensioners. Exemption for trusts that need approvals but there are more than 9,700 branches or you can use the app.
Power-Packed Perks That Shine
The scheme offers much more than just the high-interest rates. Take loans of up to 90% of your FD amount at just 1% above the FD rate—perfect for making big purchases without having to break the lock. The DICGC insures every individual deposit up to ₹5 lakh. Quarterly payouts are available when let it accumulate to maturity. By this, you can beat the 5.5% inflation bite four times compared to the mere 2.55% of saving accounts. Moreover, it is a liquidity-provider for the bank as it is estimated that it will channel ₹50,000 crore into India’s economic growth.
Easy Steps To Secure Your Spot
Join in digitally: Go to Canara’s website or app for instant booking—no need to go to the branch. Or visit a branch and show your ID. The FD will start with a minimum of ₹10,000 and any premature withdrawal will attract a 0.50-1% penalty, which will ease after 180 days. Link it to the tax-saver for 80C benefits up to ₹1.5 lakh.
