Canara Bank has launched its 191-day Fixed Deposit Plan for the year 2025, wherein attractive returns can be earned in a duration of just above six months. The FD scheme is perfect for those who want to put their money on short-term investment options with guaranteed returns and with little risk. With ₹2 lakh as the sum of a deposit, the investors may keep their money safe and enjoy the benefits of a reputed public sector bank.
Features of the 191-Day FD Plan
The 191-day FD plan serves individuals looking at medium-term investing and not keeping funds locked in for longer. Canara Bank offers competitive interest rates at this tenure with quarterly compounding.
This ensures steady accrual of interest on the funds invested. The scheme serves both new and old customers with flexible deposit options starting from the bare minimum, thereby catering to different capacities of investment.
Expected Returns Upon Investing ₹2 Lakh
Investing ₹2 Lakh in Canara Bank for a 191-day FD stands for attractive returns at the prevailing interest rate. For example, at about 6.5% to 7% per annum, the maturity amount after 191 days can be somewhere between ₹2,06,500 and ₹2,07,000. The maturity amount is of course the principal plus interest amount earned in the given time period, thereby guaranteeing safety and predictable growth of your funds.
Advantages of a Canara Bank FD
The big plus here is the safety of the principal amount; this FD is backed by the government. Investors are allowed to make premature withdrawals as per the applicable conditions and reduced interest rates. This product promotes a saving mentality and pays higher returns than being conventional savings accounts. Hence, risk-averse investors and those that have a small window period for attaining financial goals.
Conclusion
The Canara Bank 191-Days FD Plan 2025 is a suitable plan for short-term assured returns on investment. Investing ₹2 lakh assures an almost risk-free return of roughly ₹6,500 to ₹7,000 in just six months, making it attractive enough for safety and liquidity. This scheme proves to be ideal for individuals seeking to grow their savings responsibly without venturing into the markets.