444-Day FDs: Boost Savings with 6.75% Interest Rates

If you’re exploring predictable ways to grow your savings over a year, many public sector banks are offering special 444-day fixed deposits. These FDs currently provide interest rates ranging from 6.45% to 6.75% for general citizens.

These unique deposits offer a stable return option over a period slightly exceeding one year, with calculations based on quarterly compounding. This means your interest also starts earning interest, helping your money grow faster.

Understanding Your Potential Returns

To give you a clear picture, let’s look at how different investment amounts can grow across various banks. The source material examines investments of ₹20,000, ₹50,000, and ₹1 lakh.

• Interest rates for general citizens on 444-day FDs: 6.45% to 6.75%
• Deposit tenure: 444 days
• Investment amounts highlighted: ₹20,000, ₹50,000, ₹1 lakh

Top Rates: Central Bank of India

The Central Bank of India currently stands out, offering the highest interest rate among the featured PSU banks at 6.75% for its 444-day FD. This rate can make a significant difference to your maturity amount.

• A ₹20,000 deposit would earn approximately ₹1,697 in interest, maturing to about ₹21,697.
• A ₹50,000 deposit would earn around ₹4,242, reaching approximately ₹54,242.
• A ₹1 lakh deposit could accrue about ₹8,483, resulting in a maturity value of approximately ₹1.08 lakh.

PNB and IOB Offer 6.60%

Both Punjab National Bank (PNB) and Indian Overseas Bank (IOB) are offering a 6.60% interest rate on their 444-day FDs for general citizens. PNB’s rate is effective from June 1, 2026, while IOB’s began on May 15, 2026.

• A ₹20,000 investment would earn approximately ₹1,658, maturing to about ₹21,658.
• A ₹50,000 investment would grow to approximately ₹54,144.
• A ₹1 lakh deposit would mature to around ₹1.08 lakh, with an interest of about ₹8,289.

Canara Bank’s 6.50% Option

Canara Bank provides a 6.50% interest rate on its 444-day FD, with this rate effective from March 17, 2026. It offers another solid option for your savings.

• A ₹20,000 investment would earn approximately ₹1,632, maturing to about ₹21,632.
• For ₹50,000, the maturity amount would be approximately ₹54,080.
• A ₹1 lakh deposit would grow to around ₹1.08 lakh.

SBI and Bank of Baroda: 6.45%

State Bank of India (SBI) and Bank of Baroda (BoB) are offering 6.45% on their special 444-day deposits. SBI’s offering is part of its Amrit Vrishti scheme, and BoB’s is under its BoB Square Drive Deposit Scheme.

• A ₹20,000 deposit would earn approximately ₹1,619, maturing to about ₹21,619.
• A ₹50,000 investment would mature at approximately ₹54,047.
• A ₹1 lakh deposit would grow to around ₹1.08 lakh.

These special FDs from public sector banks offer a consistent way to see your savings increase over a specific period. Remember, actual maturity amounts might vary slightly based on individual bank calculation methods, and these rates are specifically for general citizens.