Several leading public sector banks are now offering special fixed deposit (FD) schemes with unique tenures, including the 444-day FD, which comes with higher-than-usual interest rates.
These schemes aim to attract both new and existing investors looking for safe and steady returns.
Fixed deposits have long been a favorite among conservative investors due to their guaranteed returns and low risk.
However, with more people turning to mutual funds and equities, banks are reintroducing FDs with special interest rates to bring investors back.
Which Banks Are Offering the 444-Day Special FD?
Public sector banks such as State Bank of India (SBI), Bank of Baroda (BoB), Punjab & Sind Bank, Indian Overseas Bank (IOB), Indian Bank, and Canara Bank are all offering this limited-period 444-day FD.
Here’s a quick look at the latest interest rates for general citizens:
Punjab & Sind Bank, IOB, Indian Bank: 6.7%
SBI and Bank of Baroda: 6.6%
Canara Bank: 6.5%
These rates make the 444-day FD an attractive short-term option for those seeking better returns than regular FDs.
How Much Can You Earn from a ₹6.66 Lakh Investment?
If you invest ₹6,66,666 in these schemes, here’s what you can expect at maturity (for general citizens):
Punjab & Sind Bank, IOB, Indian Bank: ₹7,22,787 (interest earned ₹56,121)
SBI and Bank of Baroda: ₹7,21,923 (interest earned ₹55,257)
Canara Bank: ₹7,21,059 (interest earned ₹54,394)
While the difference in returns is small, these FDs provide stable growth without market risks, making them ideal for investors looking for short-term safety with moderate gains.
