Despite the Reserve Bank of India’s reduction in the repo rate, many banks in the country are offering high returns on fixed deposits. Especially the FD schemes with a special period of 444 days are attracting investors. The State Bank of India, Indian Bank, Bank of Baroda, IDBI Bank, and Canara Bank are offering interest rates ranging from 6.50% to 7.45% to common citizens, senior citizens, and super senior citizens under their respective schemes.
After the repo rate is reduced, the interest on deposits in banks usually decreases, but at this time, some banks have come up with special period schemes. In these 444 days, FD schemes, attractive interest rates are being given to customers. This is the reason why investors are considering them better than other options.
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State Bank of India Amrit Varshi FD
The country’s largest bank, SBI, is running a 444-day Amrit Varshi FD scheme. In this, common citizens get 6.60% interest, senior citizens get 7.10% and super senior citizens get 7.20% interest. If a customer deposits Rs 1 lakh, he gets around Rs 1,08,288 on maturity.
Indian Bank Ind Secure Product FD
Indian Bank’s 444-day special FD scheme, Ind Secure Product, is getting the most attraction. Her,e common people are getting 6.70%, senior citizens get 7.20% and super senior citizens get 7.45% interest. On investing Rs 1 lakh, the customer gets back around Rs 1,08,418.
Bank of Baroda Square Drive Deposit
Bank of Baroda is also running a special scheme of 444 days, named BoB Square Drive Deposit. The interest rates in this are the same as SBI. Ordinary citizens get a return of 6.60%, senior citizens 7.10% and super senior citizens 7.20%.
IDBI Bank Utsav FD Scheme
IDBI Bank is running a 444-day Utsav FD scheme till 30 September 2025. Here, ordinary citizens will get 6.70%, senior citizens 7.20% and super senior citizens 7.35% interest. By investing Rs 1 lakh, a return of about Rs 1,08,418 is received.
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Canara Bank Special FD
Canara Bank has also introduced an FD scheme for this period. In this, ordinary citizens get 6.50% and senior citizens 7% interest. On depositing Rs 1 lakh here, one gets approximately Rs 1,08,159 on maturity.