Here’s something interesting: Canara Bank’s 191-Day Fixed Deposit (FD) Scheme 2025 could be the sweet spot between liquidity and profit. It’s not your typical 180-day FD. Those extra 11 days might seem small, but they can make a noticeable difference in your returns.
Now, why are so many people talking about this new short-term FD? Let’s break it down in simple terms.
What Makes the 191-Day FD Special?
Canara Bank introduced this unique 191-day deposit plan in 2025 to cater to people who want better returns than a savings account but don’t want to commit for too long. Think of it as a middle path—short, flexible, and rewarding.
While traditional short-term deposits usually stop at 180 days, this one adds just enough time to push the interest rate slightly higher. You can enjoy the benefits of both liquidity and growth without feeling “locked in.”
Interest Rates and Returns
Here’s the thing: Canara Bank is offering 6.85% interest for regular depositors and 7.35% for senior citizens. That’s pretty solid for a six-month term.
Let’s put that into perspective. Suppose you invest ₹2 lakh for 191 days—your return could be around ₹6,500 with quarterly compounding. Not bad for a short-term deposit that still keeps your money fairly accessible.
Key Features of Canara Bank 191-Day FD 2025
| Feature | Details |
|---|---|
| Tenure | 191 days |
| Interest Rate (Regular) | 6.85% |
| Interest Rate (Senior Citizens) | 7.35% |
| Compounding | Quarterly |
| Example Return | ₹6,500 on ₹2 lakh deposit |
Why Exactly 191 Days?
That’s the question most investors ask—and it’s a good one.
The 191-day tenure is carefully designed. It’s just long enough to qualify for a slightly higher interest bracket than the standard 180-day FD, but short enough to avoid the long lock-in of a one-year plan.
Think about it this way: those 11 extra days are like the “bonus stretch” that gives your money a bit more time to grow without compromising flexibility.
Key Benefits You’ll Love
- Higher than savings account returns: Your money earns more without being tied up for years.
- Quarterly compounding: Interest adds up every three months, helping you grow faster.
- Senior citizen advantage: Additional 0.50% interest ensures a steady, safe income stream.
- Trust and safety: Canara Bank, being a public sector bank, adds an extra layer of reliability.
This FD is ideal for anyone looking to park their funds temporarily—maybe between two major expenses—or for retirees who prefer assured income over market risks.
Should You Consider It?
If you’re the kind of person who likes your money working quietly in the background, this plan fits the bill. It offers peace of mind, predictable earnings, and easy liquidity.
Sure, it won’t make you rich overnight—but it will help you earn more from idle funds without taking risks. That’s what smart money management looks like.
Frequently Asked Questions
1. What is the interest rate for the 191-Day FD in 2025?
Regular depositors earn 6.85%, while senior citizens get 7.35%, both compounded quarterly.
2. How much can I earn on ₹2 lakh?
You can expect around ₹6,500 in returns after 191 days, thanks to quarterly compounding.
3. Is this FD safe?
Yes. Canara Bank is a government-backed institution, and deposits up to ₹5 lakh are insured under DICGC.
4. Why 191 days instead of 180?
The extra 11 days help the bank offer better rates while keeping the deposit short-term and flexible.