444-Day Special FDs: Several banks are offering a special 444-day fixed deposit scheme that has become popular among investors looking for safe and guaranteed returns. Unlike regular FDs, this limited-period product carries slightly higher rates and stands out for its unusual tenure. State Bank of India (SBI), Punjab and Sind Bank, Indian Overseas Bank (IOB) and Canara Bank are among banks offering the 444-day FD scheme.
Here’s a look at the interest rates offered and the estimated maturity amount a general depositor can get by investing Rs 7.25 lakh or Rs 9.25 lakh in the 444-day FD across these four banks.
Also Read: PSU Banks’ 444-day Special FD: SBI, Indian Bank, & 2 other banks; know which bank can give you highest maturity amount of Rs 5,00,000 deposit
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SBI 444-Day FD
Interest rate: 6.60 per cent
Rs 7.25 lakh could grow to around Rs 7.85 lakh.
Rs 9.25 lakh could grow to around Rs 10.02 lakh.
Punjab and Sind Bank 444-Day FD
Interest rate: 6.70 per cent
Rs 7.25 lakh could grow to around Rs 7.86 lakh.
Rs 9.25 lakh could grow to around Rs 10.03 lakh.
Also Read: SBI 444-day FD vs Indian Bank 444-day FD: Which PSU bank gives higher returns on special fixed deposit, compare maturity on Rs 2-5 lakh investments
Canara Bank 444-Day FD
Interest rate: 6.50 per cent
Rs 7.25 lakh could grow to around Rs 7.84 lakh.
Rs 9.25 lakh could grow to around Rs 10.00 lakh.
Indian Overseas Bank 444-Day FD
Interest rate: 6.75 per cent
Rs 7.25 lakh could grow to around Rs 7.87 lakh.
Rs 9.25 lakh could grow to around Rs 10.03 lakh.
(Disclaimer: The returns mentioned below are indicative and for illustrative purposes only. Investors are advised to verify rates and consult a certified financial advisor before making any investment decisions.)