Investing in a fixed deposit (FD) has always been considered an excellent option for safe and stable income. Its biggest advantage is that it offers both security and fixed returns, with no risk involved. Despite the reduction in the repo rate, many banks have reduced interest rates on FDs. Meanwhile, some banks have also launched special FD schemes for specific tenures, including the 444-day special FD. Many major banks in the country, including SBI, Canara, and Indian Bank, are offering attractive interest rates on 444-day special FDs for ordinary citizens, senior citizens, and super senior citizens.
SBI’s ‘Amrit Varsha’ FD
State Bank of India (SBI), the country’s largest public sector bank, has named its special fixed deposit scheme “Amrit Varsha.” Its tenure is 444 days. This FD offers an interest rate of 6.60% for general citizens, an additional 7.10% for senior citizens, and an excellent 7.20% for super senior citizens. If you invest ₹1 lakh in SBI’s Amrit Varsha FD, you will receive a maturity amount of approximately ₹1,08,288, including ₹8,288 in interest.
Indian Bank’s ‘Ind Secure Product’ FD
Indian Bank is offering an interest rate of 6.70% for general citizens on its 444-day special FD scheme (Ind Secure Product). The interest rate for senior citizens under this scheme is 7.20%, while for super senior citizens, the interest rate is up to 7.45%, which is among the highest rates. On an investment of ₹1 lakh (at 6.70%), the estimated maturity amount will be ₹1,08,418.26, including interest of ₹8,418.26.
Attractive offers from Canara Bank and IDBI Bank
Canara Bank offers 6.50% interest for general citizens and 7.00% for senior citizens on its 444-day FD. On an investment of ₹1 lakh (at 6.50%), the estimated maturity amount will be ₹1,08,159.08, including interest of ₹8,159.08. Meanwhile, IDBI Bank is offering 6.70% interest for general citizens on its 444-day Utsav FD special deposit scheme. Senior citizens will get 7.20% interest, and super senior citizens will get 7.35% interest. These rates are valid until September 30, 2025. Investing ₹1 lakh in a Utsav FD will yield approximately ₹1,08,418.26, including ₹8,418.26 in interest.
Bank of Baroda’s ‘Bob Square Drive Deposit’ FD
Bank of Baroda’s Bob Square Drive Deposit FD also has a tenure of 444 days. The interest rate on this FD is 6.60% for general citizens, 7.10% for senior citizens, and 7.20% for super senior citizens. This scheme ensures safe investment as well as fixed and attractive returns.