Even though the Reserve Bank of India (RBI) has reduced the repo rate, many banks continue to offer special fixed deposits (FDs) that provide higher interest rates than regular FDs.
This means investors can still earn better returns safely.
One popular option currently is the 444-day FD, offered by several public sector banks like SBI, Bank of Baroda (BoB), Punjab & Sind Bank, Indian Overseas Bank, and Canara Bank.
Let’s look at the best options available today.
444-Day FD at SBI
The State Bank of India (SBI) offers a 6.6% interest rate on its Amrit Varsha Special Term Deposit Scheme for 444 days.
For example:
Investment: ₹5,00,000
Maturity Amount: ₹5,33,826
Interest Earned: ₹33,826
SBI’s FD is a safe choice for investors looking for stable returns over slightly more than a year.
444-Day FD at Canara Bank
Canara Bank offers a 6.5% interest rate on its 444-day FD for general customers.
For example:
Investment: ₹5,00,000
Maturity Amount: ₹5,33,301
Interest Earned: ₹33,301
Although slightly lower than SBI, Canara Bank’s FD is still a reliable option for short-term investment.
444-Day FD at Bank of Baroda
Like SBI, Bank of Baroda offers a 6.6% interest rate on its 444-day special FD for general investors.
For example:
Investment: ₹5,00,000
Maturity Amount: ₹5,33,826
Interest Earned: ₹33,826
Bank of Baroda matches SBI’s interest rates, making it a strong alternative for investors seeking higher returns safely.
Summary
Special 444-day FDs are ideal for investors looking for slightly longer-term deposits with higher interest rates than regular FDs.
SBI and Bank of Baroda lead with 6.6% interest, while Canara Bank offers 6.5%.
These FDs remain a safe, low-risk investment for anyone looking to grow their savings steadily.
