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Several public sector banks offer a special 444-day Fixed Deposit scheme with higher interest rates and safe returns.
Investors can earn up to 6.75 per cent interest. (Representative Image)
Investors looking for safe and steady returns are turning to a unique fixed deposit (FD) option called the 444-day special FD. Unlike regular fixed deposits, this scheme offers a slightly higher interest rate for a non-standard duration of 444 days. Several public sector banks (PSUs) have started offering this option, making it popular among risk-averse investors who prefer guaranteed returns.
If you are planning to invest around Rs 5,00,000 in a fixed deposit, the 444-day FD can be a good choice to earn better interest than regular FDs. Here is a look at what some of the top PSU banks are offering.
SBI offers a competitive interest rate
State Bank of India (SBI) is offering a 444-day FD with an interest rate of 6.60 per cent. If you invest Rs 7.25 lakh in this FD, it can grow to approximately Rs 7.85 lakh after 444 days. Similarly, an investment of Rs 9.25 lakh could increase to around Rs 10.02 lakh by the end of the tenure.
Punjab & Sind Bank gives slightly higher returns
Punjab and Sind Bank is providing an interest rate of 6.70 per cent on its 444-day FD scheme. Under this, a Rs 7.25 lakh investment may grow to about Rs 7.86 lakh. Likewise, an investment of Rs 9.25 lakh could yield approximately Rs 10.03 lakh at maturity.
Canara Bank’s offer is also attractive
Canara Bank is offering an interest rate of 6.50 per cent for its 444-day FD. An investment of Rs 7.25 lakh here is likely to grow to around Rs 7.84 lakh, while Rs 9.25 lakh could mature to about Rs 10.00 lakh.
Indian Overseas Bank offers the highest rate
Indian Overseas Bank (IOB) has the highest interest rate among these at 6.75 per cent. For a Rs 7.25 lakh investment, the return could be close to Rs 7.87 lakh, and for Rs 9.25 lakh, it may grow up to Rs 10.03 lakh.
These special 444-day FDs are gaining attention as they offer slightly better returns than standard FDs, with the safety of government-backed banks.
It is important to note that the returns mentioned are indicative. Investors should verify rates and consult a financial advisor before making investment decisions.
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Delhi, India, India
September 09, 2025, 18:09 IST
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