444-Day Special FDs: SBI, Punjab And Sind Bank, IOB Compared For Best Returns

Fixed deposits remain one of the most trusted savings options for risk-averse investors. Even though mutual funds and equities have gained attention in recent years, banks are keeping the appeal of FDs alive with limited-period offers. Among these, the 444-day fixed deposit has drawn interest for its unusual tenure and competitive returns. Several public sector banks continue to provide this special scheme, allowing investors to secure better earnings compared with traditional fixed deposits, according to experts.

What Makes the 444-Day FD Attractive?

The 444-day deposit stands out because of its unique duration and comparatively higher returns. While most fixed deposits follow standard tenures of one year, three years or five years, this scheme offers a mid-term horizon with enhanced interest rates. For conservative investors, it combines stability with slightly improved returns, making it a popular choice for short-to-medium-term savings goals.

SBI’s Amrit Vrishti Special FD

The State Bank of India (SBI) offers its special 444-day FD under the Amrit Vrishti scheme. For general customers, the interest rate is 6.60 percent. A deposit of ₹12,22,222 matures at around ₹13.23 lakh, generating an interest income of just over ₹1.01 lakh. Similarly, an investment of ₹14,44,444 grows to nearly ₹15.64 lakh, giving returns of about ₹1.19 lakh.

Punjab and Sind Bank’s 444-Day Deposit

Punjab and Sind Bank provides one of the higher rates in this category, offering 6.80 percent to general depositors. At this rate, an investment of ₹12,22,222 delivers a maturity value of approximately ₹13.26 lakh, resulting in earnings of about ₹1.04 lakh. For ₹14,44,444, the amount grows to nearly ₹15.67 lakh, producing interest of around ₹1.23 lakh.

Indian Bank’s Special Tenure FD

Indian Bank’s offering carries an interest rate of 6.70 percent for general investors. A deposit of ₹12,22,222 matures at roughly ₹13.25 lakh, yielding an interest amount of about ₹1.02 lakh. If the deposit amount is ₹14,44,444, the maturity value comes close to ₹15.66 lakh, with total returns of nearly ₹1.21 lakh.

Indian Overseas Bank’s Option

Indian Overseas Bank (IOB) provides an interest rate of 6.75 percent on its 444-day scheme. A deposit of ₹12,22,222 earns around ₹1.03 lakh in interest, maturing at approximately ₹13.25 lakh. With a larger investment of ₹14,44,444, the final amount after 444 days stands close to ₹15.66 lakh, giving an interest gain of about ₹1.22 lakh.

Why Investors Are Considering These Schemes

According to experts, these limited-period deposits are designed to maintain the appeal of traditional FDs at a time when equities and mutual funds are attracting many retail investors. The higher-than-usual interest rates, even if marginal, make them attractive for those seeking guaranteed income with minimal risk exposure.

Things Investors Should Keep in Mind

While the returns are appealing, it is important to note that rates can vary across banks and may be revised. Investors should also align their FD choices with their financial goals, liquidity needs and tax considerations. Consulting a certified financial adviser is recommended before locking in large sums for specific tenures.

The 444-day fixed deposit remains an interesting option for savers looking to balance safety with slightly better earnings. With rates ranging from 6.60 percent to 6.80 percent across public sector banks, investors can achieve modest but guaranteed growth on their savings. For those who value stability over market-linked risks, this scheme provides a worthwhile avenue to consider.

Disclaimer: This article is meant for informational purposes only and is based on publicly available data from banks. The interest rates and maturity values mentioned are indicative and may change. Investors are strongly advised to check the latest rates with their banks and consult financial experts before making any investment decisions.