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PSU Banks’ 444-Day FD: Earn More on ₹5 Lakh

By ThePip DeskPSU Banks’ 444-Day FD: Earn More on ₹5 Lakh

Public sector banks offer special 444-day fixed deposit rates. Learn how to maximize your ₹5 lakh investment with attractive interest rates from PSU banks.

If you are looking to make your savings work harder, public sector banks are currently offering appealing returns on their special 444-day fixed deposits. These schemes present a notable opportunity for general citizens to earn higher interest on an investment of ₹5 lakh.

Comparing Top FD Rates

State-owned banks are known for providing enhanced returns on these special-tenure FDs compared to their standard deposit offerings. This makes the 444-day scheme a popular choice if you are aiming for better yields over approximately 14.5 months.

  • Central Bank of India: 6.75% (effective May 10, 2026)
  • Punjab National Bank (PNB): 6.60% (effective June 1, 2026)
  • Indian Overseas Bank (IOB): 6.60% (effective May 15, 2026)
  • Canara Bank: 6.50% (effective March 17, 2026)
  • State Bank of India (SBI) – ‘Amrit Vrishti’ scheme: 6.45%
  • Bank of Baroda (BoB) – BoB Square Drive Deposit Scheme: 6.45% (effective June 12, 2026)

Central Bank Leads with Highest Yield

Among the reviewed institutions, the Central Bank of India stands out by offering the highest interest rate at 6.75% for general citizens on its 444-day deposit. This rate became effective from May 10, 2026, positioning it as a top contender for your investment.

Following closely, Punjab National Bank and Indian Overseas Bank both provide a competitive 6.60% interest rate. PNB’s rate applies from June 1, 2026, while IOB’s rate has been effective since May 15, 2026.

Canara Bank also offers a solid 6.50% interest rate, which has been in effect since March 17, 2026. This provides another strong option if you are considering a fixed deposit.

State Bank of India, through its ‘Amrit Vrishti’ scheme, and Bank of Baroda, with its BoB Square Drive Deposit Scheme, both offer general citizens an annual interest rate of 6.45%. BoB’s specific rate became effective from June 12, 2026.

Considering these varied rates, you have several attractive options among public sector banks to grow your ₹5 lakh investment over the 444-day special tenure.

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