When you save your funds during six months for earning consistent returns which do not depend on market fluctuations, you would receive the same outcome. The Canara Bank 191-Day Fixed Deposit from 2026 presents an excellent short-term investment choice which protects capital for risk-averse investors. This fixed deposit meets the needs of investors who want to maintain their liquidity while receiving higher returns than standard short-term deposits because interest rates change following Reserve Bank of India policy decisions. The product offers secure financial backing through a reputable public sector bank which provides users with both flexible access and guaranteed steady income streams.
What Is 191-Day FD
The 191-Day Fixed Deposit is a short-term FD where money is locked for nearly six months. Canara Bank usually places this tenure under the 180–269 days interest slab, making it ideal for investors who don’t want long commitments but still expect decent interest.
Latest FD Rates 2026
Canara Bank modified its fixed deposit rates to match current market conditions and Reserve Bank of India signals. The mid-term slab for 2026 maintains its competitive rates for both regular customers and senior citizens.
Canara Bank FD Rates (Up to ₹3 Crore)
| Tenure | General Public | Senior Citizens |
|---|---|---|
| 180–269 Days | 5.25% p.a. | 5.75% p.a. |
Why Choose This FD
This fixed deposit offers investors who desire stable returns at moderate levels of income. The main benefits of the product include:
- Better returns than 3-month FDs
- Short lock-in period
- Suitable for idle cash management
- Extra interest for senior citizens
- Government-backed bank security
Who Should Invest
The 191-Day FD works well for:
- Salaried individuals planning short-term savings
- Retirees seeking predictable income
- Investors waiting for better long-term rates
- Anyone avoiding market volatility in 2026
Tax & Withdrawal Rules
Interest earned results in taxable income which falls under the applicable income tax bracket. TDS applies if interest crosses the limit. Eligible investors can submit Form 15G or 15H.
Premature withdrawal is allowed but may attract a penalty, reducing effective returns.
Final Verdict
The Canara Bank 191-Day FD offers a reliable option for investors who need short-term investments with low risk during 2026. The product guarantees consistent returns with safe investment value but does not provide strong inflation protection, making it an ideal temporary investment solution for upcoming expenditure requirements.
FAQs – Canara Bank 191-Day FD 2026
Q1. Is 191-Day FD available online?
Yes, it can be booked via Canara Bank net banking and mobile banking.
Q2. Is it safe to invest in Canara Bank FD?
Yes, it is a government-owned PSU bank with high trust and stability.
Q3. Do senior citizens get extra interest?
Yes, senior citizens usually get around 0.50% extra.
Q4. Can I break the FD before maturity?
Yes, premature withdrawal is allowed with a small penalty.
Q5. Is this FD better than savings account?
Yes, it generally offers much higher interest than savings accounts.