Currently, many people are considering Canara Bank’s 444 Days Fixed Deposit as one of their investment options. The scheme promises fixed-interest rates on a short term of just more than a year, thus making it a popular choice for the safe-keeping of money in the short term.
What is remarkable about this FD is that it yields a higher return than the regular deposits at the same public sector bank. With rates around 6.50% for the general public and up to 7.00% for the elderly, Canara Bank is a trustworthy option among the government banks as of the beginning of 2026.
Canara Bank 444 Days FD What Is It?
It is a unique term deposit that lasts precisely 444 days. There are two types of deposits available: callable (enables early withdrawal with penalty) and non-callable (higher rate, no withdrawal). A minimum investment of ₹1,000 can be done.
Current Interest Rates
In January 2026, the rate for general citizens is 6.50% on callable deposits while for seniors, it is 7.00%. Non-callable enjoys a slight premium, like 6.60% for general and 7.10% for seniors.
Why Choose This Tenure?
444 Days are the period which gives good returns but no compromise on the liquidity. It is more than one year long but less than two, thus it gets better rates than standard buckets most of the time. Plus it is insured by DICGC up to ₹5 lakh.
Eligibility and Minimum Deposit
anyone has the right to open it – individuals, HUFs, or jointly. Minimum is ₹1,000; for most there is no upper limit. Seniors (60+) will receive an additional 0.50%, while super seniors (80+) may receive more.
Benefits of This FD
risk-free government-supported returns, loan facilitation up to 90% of deposit, nomination choice, and straightforward opening through online banking or the bank branch.
Premature Withdrawal Rules
Callable gives the facility of early exit with 1% penalty. Non-callable does not allow it thus the security of the higher rate is guaranteed.
Tax Implications
Interest is taxed as per your slab. TDS applies on the total interest if it exceeds ₹40,000 (₹50,000 for seniors) in a financial year. If you are eligible, submit Form 15G/H to avoid TDS.
444 Days FD Interest Rate Comparison
| Category | Callable Rate | Non-Callable Rate | Senior Citizen (Callable) | Super Senior (if applicable) |
|---|---|---|---|---|
| General Citizens | 6.50% | 6.60% | N/A | N/A |
| Senior Citizens | 7.00% | 7.10% | 7.00% | Up to 7.10% |
| Compared to 1 Year | Higher than 6.25-6.40% standard |
How to Open One
Visit a branch, use mobile/internet banking or the app. If you are a new customer, please provide KYC documents.
In summary, Canara Bank’s 444 Days FD is a clever and secure option for getting decent returns without long waits. Rates are very good for a public bank. Check the official website or the nearest branch for the latest confirmations, then use their online tool to calculate when your investment will mature and invest soon to secure the current rates – your money will grow steadily!