Fixed Deposits continue to be the preferred choice for investment in India, with Canara Bank leading public sector banks providing several FD schemes ranging in multiple tenure segments. Among all these, the 191-Day FD in 2026 stands out as a short-term deposit that balances liquidity with good returns. This short piece elucidates the features, advantages, and interest rate simply.
What is 191-Day FD?
A 191-Day FD scheme is one where a customer invests a lump sum of money for ninety-one days, and at maturity, the principal amounts along with accrued interest are given back by the bank. To be clear, it is for those people definitely keen on loaning out their money for a minimum of six months but not for too many years.
Interest Rates of 2026
In January 2026, Canara Bank had very competitive interest rates across the board. Deposits with maturities ranging from 180 to 269 days include the 191-day term-FDs at an interest rate of 5.50% annually for general customers and at 6.00% yearly for senior citizens.
Pros of 191-Day FD
191-Day FD, as it is with its moderate interest rates, presents a favorable trade-off between liquidity and interest compared to very short deposits mostly invested in by senior citizens looking to park their retirement income in a safe investment.
Who should invest?
This FD will be ideal for:
- Those desirous of capital protection while securing returns for the short term
- Risk-averse customers who are bored with the volatile market scenario.
- Flexibility of chances of having the investment period come to its maturity within less than one year
Canara Bank FD Rates (Relevant Tenure – 2026)
| Tenure (Days) | General Public Rate (% p.a.) | Senior Citizen Rate (% p.a.) |
|---|---|---|
| 91 – 179 Days | 4.50% | 4.50% |
| 180 – 269 Days (includes 191-Day FD) | 5.50% | 6.00% |
| 270 Days – < 1 Year | 5.75% | 6.25% |
Final Thought
Canara Bank 191-Day FD 2026 is, therefore, good for short-term placement, given the interest of 5.50% for regular depositors and that of 6.00% for senior citizens. The return is superior than savings in a risk-free environment. Those seeking stability and guaranteed growth over a 6-month period would be better advised undertaking to decrease this FD as a viable alternative.