Canara Bank has launched a 191-day Short-Term Fixed Deposit (FD) scheme in 2025, offering investors a safe and rewarding investment avenue. This scheme is ideal for individuals looking for short-duration investment options with guaranteed returns. With a principal investment of ₹2 lakh, investors can enjoy competitive interest rates and financial security over a period of just over six months.
Key Features of 191-Day Canara Bank FD
The 191-day FD is designed to provide a perfect balance between short-term liquidity and attractive returns. Canara Bank offers this scheme with flexible options for both regular customers and senior citizens. Senior citizens benefit from an additional 0.5% interest, making it an even more appealing option for retirees who seek guaranteed income in a short period.
Interest and Returns on ₹2 Lakh Investment
Investing ₹2 lakh in the 191-day FD scheme allows customers to earn substantial fixed interest over the tenure. The interest payout can be chosen as cumulative, where it is added to the principal and paid at maturity, or non-cumulative, where payouts are received monthly, quarterly, or at the end of the tenure. This flexibility ensures that investors can align the returns with their financial needs.
Why Choose Canara Bank Short-Term FD
Canara Bank FDs are highly secure and government-backed, making them ideal for risk-averse investors. The short tenure ensures liquidity, while the competitive interest rate maximizes the return on investment. This FD is a suitable option for building emergency funds, saving for upcoming expenses, or parking surplus funds for a medium-term period without risking capital.
How to Invest in Canara Bank 191-Day FD
Investors can open the 191-day FD account through Canara Bank branches or via online banking services. The minimum deposit requirement starts from ₹10,000, making it accessible for small and large investors alike. The bank provides easy guidance on interest payouts, maturity options, and online management of FD accounts.
Conclusion
The Canara Bank 191-Day Short-Term FD 2025 is a safe, flexible, and profitable investment option for individuals seeking fixed returns over a short period. With ₹2 lakh investment, investors can earn assured interest, enjoy flexible payout options, and benefit from the security of a government-backed bank, making it a reliable choice in 2025.