Canara Bank has rolled out its 191-day Fixed Deposit (FD) plan for 2025, offering investors a reliable way to earn steady returns in just over six months. This short-term deposit scheme is ideal for individuals seeking safety, liquidity, and assured growth without market risks. With a minimum investment of ₹2 lakh, depositors can enjoy the credibility and stability of one of India’s leading public sector banks.
Key Highlights of the 191-Day Canara Bank FD
The 191-day FD is designed for investors who prefer short-term commitments but still want attractive returns. Canara Bank provides competitive interest rates under this plan, with quarterly compounding to maximize earnings.
This scheme caters to both new and existing customers and allows flexibility in choosing the deposit amount based on financial goals. It is a balanced option between a savings account and long-term deposits, combining safety with better yields.
Expected Returns on ₹2 Lakh Deposit
When investing ₹2,00,000 in the Canara Bank 191-day FD, investors can expect returns based on prevailing interest rates between 6.5% and 7% per annum. At this rate, the maturity value after 191 days ranges from approximately ₹2,06,500 to ₹2,07,000. The compounding effect ensures consistent growth over this period, giving investors peace of mind and predictable income.
Benefits of Choosing Canara Bank’s FD
Canara Bank’s FD scheme ensures the protection of your principal amount while offering flexibility through premature withdrawal options under applicable conditions. Compared to traditional savings accounts, it provides better returns with minimal risk.
This deposit plan is particularly beneficial for individuals who are conservative investors or those with short-term goals such as emergency fund parking or planned expenses in the near term.
Table: Summary of Canara Bank 191-Day FD 2025
| Feature | Details |
|---|---|
| Tenure | 191 Days (Approx. 6 Months) |
| Minimum Deposit | ₹1,000 (₹2,00,000 used for illustration) |
| Interest Rate (2025) | 6.5% – 7.0% p.a. |
| Maturity Amount (for ₹2,00,000) | ₹2,06,500 – ₹2,07,000 |
| Compounding Frequency | Quarterly |
| Premature Withdrawal | Allowed (with reduced interest) |
| Suitable For | Short-term investors and risk-averse individuals |
Conclusion
The Canara Bank 191-Day Fixed Deposit Plan 2025 offers a strong combination of safety, liquidity, and decent short-term returns. Investing ₹2 lakh for this period can generate around ₹6,500 to ₹7,000 in assured returns within six months. This makes it a smart option for individuals who prefer guaranteed growth without exposing their savings to market volatility.
Disclaimer
Interest rates are subject to change based on bank policies and RBI guidelines. Investors are advised to verify the latest FD rates and terms directly with Canara Bank before investing. This content is for informational purposes only and should not be considered financial advice.
