FDs stand among one of the trustworthy investment classes in India, with Canara Bank maintaining competitive rates for short-term deposits. If you are in a dilemma to park ₹2,00,000 for a short term, the Canara Bank FD scheme for 191 days might be a worthy consideration.
Rate of Interest for 191 Days
As per September 2025, Canara Bank offers an attractive interest rate for short-term deposits ranging anywhere between 180 and 210 days. The rate usually lies between 5.85% to 6.50% per annum depending on whether one is a regular investor or a senior citizen. Seniors usually get an additional 0.50% interest, which makes it even very lucrative for retirees seeking fixed returns.
Maturity Amount Calculation
An investment of ₹2,00,000 for 191 days at an annual rate of 6.25% at Canara Bank will yield an interest of approximately ₹6,528 at maturity. Upon maturity, the investor will hence receive a rough amount of ₹2,06,528 after 191 days. This amount may vary slightly depending upon the interest rate prevalent on the date of deposit or the compounding frequency chosen.
| Investment Amount | Tenure | Interest Rate (p.a.) | Maturity Value |
|---|---|---|---|
| ₹2,00,000 | 191 Days | 6.25% | ₹2,06,528 |
It is a short-term FD for those who want a zero-risk return guarantee compared to market-linked schemes.
Why Choose Canara Bank FD?
With Canara Bank FDs being insured against deposits up to ₹5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC), it ensures utmost safety to the depositors. Investors can also choose from the cumulative or non-cumulative interest payout systems- so, they can go either for the regular income or for lump-sum maturity.
Final Thoughts
Thus, a 191-day FD at Canara Bank is an excellent option for a short tenure of less than 6 months with assured returns. Just remember to check the latest interest rates applicable for your FD by visiting the bank’s official website or physically going to the branch before depositing so that you secure the maximum return.