The boy was identified as Akash Jha. He went missing on February 28, from near his school.
A case of kidnapping was registered in this regard and search was carried out to find him, a senior police officer said.
The officer said that a PCR call was received at the Jaitpur police station regarding the body at 9:42 AM. A team rushed to the canal, where the body was found, he said.
Further action will be initiated after post mortem and medical opinion, he said.