Fixed Deposit Offers: Get a Massive ₹77,000 Return in Just 3 Years

Fixed Deposit: In today’s era, everyone wants that their hard-earned money to be safe and at the same time there is a good profit on it. There are many investment options available in the market, but when it comes to low risk and reliable returns, investing in a fixed deposit, i.e. FD, is considered to be the safest and wisest decision.

Attractive Fixed Deposit Schemes of Canara Bank

Canara Bank is offering attractive interest rates ranging from 4 percent to 7.75 percent to customers through its FD schemes. This means that you are going to get a good return on your savings. The special thing is that the bank offers FD for a period of 7 days to 10 years, so that you can invest according to your need and convenience.

How much benefit will you get on 3 3-year Fixed Deposit

If we talk about FD with a tenure of 3 years, then Canara Bank is offering an interest rate of 7.20 per cent on it. This means that if you invest Rs 3 lakh in FD for 3 years, then on maturity,y you will get a total of Rs 3,71,616. According to this, your profit will be Rs 71,616. And if you are a senior citizen, then the interest rate for you will increase even more to 7.70 per cent, which can give you a profit of up to Rs 77,129.

Why is Fixed Deposit investing beneficial

With this type of investment, not only your capital remains safe but it also increases with time. The biggest advantage of investing in FD is that the risk is very low and you get fixed interest on your money, which is more reliable than other options in the market.

It is the right time to invest

It is very important to choose the right option in the market at this time and Canara Bank’s FD scheme can be a reliable way to increase your hard-earned money. So if you want to invest for safe and better returns, then you can strengthen your financial position by investing in FD.

Disclaimer: This article is written for information purposes only. Consult your financial advisor before investing. Bank interest rates may change from time to time, so contact the website or branch of the concerned bank for the latest information.

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