444 Days Special FD: Investing in fixed deposits is also considered a better option. The biggest advantage is that you get both security and fixed returns. There is no risk of any kind.
Even after the reduction in repo rate, many banks have cut the interest rates on fixed deposits (FD). Meanwhile, some special banks have also come up with FD schemes for a special time. These include 444 days special FD. Many banks including SBI, Canara and Indian Bank are giving good interest to common citizens, senior citizens and super senior citizens on 444 days special FD.
SBI 444 days FD
The country’s largest public sector bank, State Bank of India ( SBI ), has named its special fixed deposit plan “Amrit Vrishti”. Its time period is 444 days. In this FD , general citizens are given a return of 6.60 percent, senior citizens 7.10 percent and super senior citizens 7.20 percent. If you invest Rs 1 lakh in SBI’s Amrit Vrishti FD, you will get around Rs 1,08,288. In this, you will get Rs 8,288 as interest.
Indian Bank
Indian Bank is offering 6.70% interest rate to general citizens on its 444-day special fixed deposit scheme (Ind Secure product). Under the same scheme, the interest rate for senior citizens is 7.20%, while for super senior citizens the interest rate is 7.45%. On an investment of Rs 1 lakh (at 6.70 percent rate), the estimated maturity amount will be Rs 1,08,418.26, in which the interest will be Rs 8,418.26.
Canara Bank 444-day FD
Canara Bank offers 6.50 per cent interest to general citizens and 7.00 per cent interest to senior citizens on 444-day FD. On an investment of Rs 1 lakh (at 6.50 per cent rate), the estimated maturity amount will be Rs 1,08,159.08, of which the interest will be Rs 8,159.08.
IDBI Bank
IDBI Bank is giving 6.70% interest to common citizens on its 444-day Utsav FD Special Deposit Scheme. Senior citizens will get 7.20 percent interest and super senior citizens will get 7.35 percent interest. These rates are applicable only till September 30, 2025. By investing Rs 1 lakh in Utsav FD, you will get around Rs 1,08,418.26. In this, you will get Rs 8,418.26 as interest.
Bank of Baroda 444 Days FD
Bank of Baroda’s Bob Square Drive Deposit FD is for 444 days. In this FD, general citizens are getting a return of 6.60 percent, senior citizens 7.10 percent and super senior citizens 7.20 percent.
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