Canara Bank has introduced the 191-day Fixed Deposit (FD) scheme for 2025, offering investors an attractive short-term savings option with higher returns. This FD is ideal for individuals seeking safe investment avenues with fixed interest and liquidity over a period of approximately six months. With the current economic climate, such short-term FDs provide a balance between risk and returns, ensuring financial growth without compromising safety.
Canara Bank 191-Day FD 2025
| Feature | Details |
|---|---|
| FD Tenure | 191 days |
| Minimum Deposit | ₹1,000 |
| Maximum Deposit | No upper limit (as per RBI/Bank norms) |
| Interest Rate | 6.50% p.a. (subject to revision) |
| Compounding | Quarterly or cumulative payout options |
| Tax Treatment | Interest taxable as per income slab |
| Eligibility | Indian residents, NRIs (if allowed) |
| Effective Date | 2025 |
Why Choose the 191-Day FD?
The 191-day FD by Canara Bank is designed to cater to short-term investment needs:
- Higher returns compared to regular savings accounts
- Safe and government-backed investment
- Flexible deposit amount starting from ₹1,000
- Suitable for individuals planning mid-term financial goals like education fees, travel, or emergency funds
This FD provides a fixed return, making it ideal for conservative investors seeking guaranteed income without market risk.
Interest Calculation and Payout Options
Interest on the 191-day FD can be received in two ways:
- Cumulative Option: Interest is compounded quarterly and paid at maturity
- Quarterly Payout Option: Interest is paid every three months, providing periodic income
The interest rate, currently 6.50% per annum, may be revised periodically by Canara Bank based on RBI guidelines and market conditions. Investors can calculate expected returns using Canara Bank’s online FD calculator for precise planning.
Eligibility and How to Open a 191-Day FD
- Open to Indian residents and select NRIs as per bank policy
- Minimum deposit is ₹1,000; higher amounts attract proportional interest
- FDs can be opened online via net banking, mobile app, or at branch
- Submit KYC documents such as Aadhaar, PAN, and address proof
- Deposit funds via cheque, cash, or online transfer
This flexible and accessible approach ensures that investors from all segments can participate in the scheme.
Benefits of Investing in Canara Bank 191-Day FD
- Safe and low-risk investment guaranteed by a leading public sector bank
- Fixed returns irrespective of market fluctuations
- Short tenure allows quick access to funds after 191 days
- Flexible interest payout options according to individual preferences
- Tax planning opportunity, although interest is taxable
Investors looking for mid-term financial goals can benefit from both growth and safety with this FD.
Conclusion
The Canara Bank 191-Day FD 2025 offers a perfect blend of safety, short-term liquidity, and attractive returns. With a tenure of just over six months, investors can enjoy fixed interest, capital protection, and flexibility in deposit amount. It is an ideal investment option for salaried individuals, retirees, and conservative investors looking to grow funds without exposure to market risks. By opening a 191-day FD, investors can secure their savings and earn guaranteed returns efficiently.
