Fixed Deposits (FDs) remain one of the most trusted investment options for Indians who prefer safety, assured returns, and flexibility. In 2025, Canara Bank has introduced attractive short-term FD schemes, including a 191-day deposit plan that is catching the attention of investors. If you are planning to invest ₹2,00,000, here’s exactly how much you can earn in just over six months.
Why the 191-Day FD Stands Out
Unlike regular tenure-based deposits like 6 months, 1 year, or 3 years, Canara Bank’s 191-day FD is designed to provide slightly better returns within a short timeframe. For many, it is an excellent balance between liquidity and profitability, especially for those who don’t want to lock in money for the long term.
Current FD Interest Rates in 2025
Canara Bank has been offering competitive rates in 2025 to attract both retail depositors and senior citizens. For the 191-day FD:
- General Citizens: Around 6.85% p.a.
- Senior Citizens: Around 7.35% p.a.
These rates are significantly higher than regular savings accounts, which usually offer only 3–4%.
How Much Will ₹2,00,000 Grow in 191 Days?
Let’s break down the earnings on a short-term deposit of ₹2,00,000 for 191 days.
| Category | Principal (₹) | Interest Rate (p.a.) | Tenure (191 days) | Maturity Amount (₹) | Net Interest Earned (₹) |
|---|---|---|---|---|---|
| General Citizens | 2,00,000 | 6.85% | 191 days | 2,06,982 | 6,982 |
| Senior Citizens | 2,00,000 | 7.35% | 191 days | 2,07,693 | 7,693 |
Note: Exact values may vary slightly depending on compounding frequency and bank updates.
Tax Implications on FD Returns
It is important to remember that FD interest is fully taxable under the Income Tax Act. If your annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens), the bank deducts TDS at 10% (if PAN is provided). Investors in higher tax brackets may need to plan accordingly.
Who Should Choose the 191-Day FD?
This short-term FD option is ideal for:
- Individuals with surplus funds seeking safe short-term growth.
- Senior citizens wanting higher returns without long lock-in periods.
- Investors looking for a better alternative to savings or recurring deposits.
Final Thoughts
The ₹2,00,000 Canara Bank 191-day FD in 2025 offers a balance of liquidity and attractive returns. With nearly ₹7,000 earnings for general investors and close to ₹7,700 for seniors, it stands as a strong contender for short-term financial planning.
