Fixed Deposits (FDs) remain one of the safest and most popular investment options for Indian savers, especially those seeking guaranteed returns without market risk. Among the leading public sector banks, Canara Bank has introduced an attractive 191-day Fixed Deposit scheme in 202, offering investors a chance to earn impressive short-term returns. With this FD, a deposit of ₹2 lakh can grow to ₹2,06,500 in just six months, making it one of the best short-term savings choices this year.
Overview of the Canara Bank 191-Day FD Scheme
The 191-day FD plan is designed for individuals looking to park their funds for less than a year while still earning higher-than-average interest rates. As of October 2025, Canara Bank offers an interest rate of around 6.5% per annum for general customers, while senior citizens enjoy an even higher rate of approximately 7% per annum. The scheme ensures guaranteed returns, flexibility in investment amount, and complete safety backed by a government-owned bank.
Earnings and Interest Calculation
For a deposit of ₹2,00,000, the interest earned over 191 days amounts to approximately ₹6,500, taking the maturity value to ₹2,06,500. The actual return may slightly vary based on compounding frequency and applicable tax deductions. Investors can choose between cumulative and non-cumulative options depending on whether they prefer to receive interest at maturity or at regular intervals.
Benefits and Features
The Canara Bank 191-day FD offers a blend of security, liquidity, and quick returns. It is ideal for investors who want to avoid market risks while still earning more than traditional savings accounts. Additionally, the FD can be opened easily through Canara Bank’s online portal or mobile app, making the process simple and convenient. Premature withdrawal is allowed with minimal penalty, ensuring financial flexibility.
Conclusion
The Canara Bank 191-day Fixed Deposit 2025 is a smart choice for those seeking a secure and profitable short-term investment. With competitive interest rates, assured returns, and easy accessibility, it stands out as one of the most rewarding options for individuals aiming to grow their savings safely within six months.
