Canara Bank introduced a new FD plan for 191 days in 2025, aiming at attracting short-term investors who are looking for a safe investment of their money. This plan is particularly suitable for those who do not want to keep the funds blocked for a long time and are looking for a higher interest rate than that of a savings account. The bank offers an interest rate of 6.85% for regular depositors and 7.35% for senior citizens; thus, making it one of the most lucrative short-term options.
Why 191 Days?
The bank has given preference to the short-term 191-day FD that can yield slightly better returns rather than going for the normal tenures of 180 or 365 days. The deposit duration molds around the term ‘liquidity’ and ‘profitability’, thus being apt for the customers who are looking for more interest but do not wish to tie up their funds for an extended period. The offer can be availed of at any of the Canara Bank branches, and it is also an online affair.
How Much Can You Earn?
In case you decide to go for a fixed deposit of ₹2,00,000:
- Regular customers can get about ₹6,500 as their return on the deposit
- And the return on deposit for senior citizens would be up to ₹7,350
The above computation shows that your investment amounting to ₹2 lakh will turn into ₹2,06,500 or more after just about six months. The method of calculating interest is the simple interest and the amount rupee credited is at the time of maturity.
Canara Bank 191-Day FD Summary Table
| Customer Type | Interest Rate (2025) | Maturity Amount on ₹2 Lakh |
|---|---|---|
| Regular Customer | 6.5% to 6.85% | ₹2,06,500 approx. |
| Senior Citizen | Up to 7.35% | ₹2,07,350 approx. |
| Tenure | 191 days | Short-term |
| Interest Payout | At maturity | Lump sum |
Final Thoughts
Canara Bank’s 191-day FD is a smart choice for investors seeking short-term gains with low risk. With competitive interest rates and flexible access, it’s a great way to grow your savings without long-term commitment. Visit your nearest Canara Bank branch or use their online portal to explore this offer before it closes.
