444-Day Special FD Schemes: PSU Banks Offering Up to 6.80% Interest — See Where You Get the Highest Returns

If you’re looking for a safe investment option that offers guaranteed returns, Fixed Deposits (FDs) from public sector banks can be a reliable choice. Right now, several government-owned banks are running special 444-day FD schemes that promise higher-than-usual interest rates to attract depositors.

Four major PSU banks — State Bank of India (SBI), Punjab & Sind Bank, Indian Bank, and Indian Overseas Bank (IOB) — are offering attractive annual interest rates ranging from 6.60% to 6.80% for this unique tenure. Let’s compare their offers and find out which bank gives you the maximum return on an investment of ₹13.52 lakh.

SBI’s 444-Day “Amrit Vriddhi” Special FD

State Bank of India is offering 6.60% annual interest to regular depositors under its “Amrit Vriddhi” special FD scheme. If you invest ₹13,52,000, your maturity amount after 444 days will be approximately ₹14,64,061.99. That’s a total interest earning of ₹1,12,061.99 over the period.

Punjab & Sind Bank — Highest Interest Rate

Among the four banks, Punjab & Sind Bank is offering the most lucrative rate — 6.80% per annum. A deposit of ₹13,52,000 will grow to ₹14,67,569.39 in 444 days, which means you’ll earn ₹1,15,569.39 in interest. This is currently the highest return among the PSU banks offering this special FD scheme.

Indian Bank’s 444-Day Special FD

Indian Bank is offering 6.70% annual interest for the 444-day tenure. On an investment of ₹13,52,000, the maturity amount will be ₹14,65,814.85, giving you ₹1,13,814.85 in interest.

Indian Overseas Bank (IOB) Special FD

Indian Overseas Bank is slightly ahead of Indian Bank, offering 6.75% interest. If you deposit ₹13,52,000, you will receive ₹14,66,691.91 on maturity — that’s ₹1,14,691.91 in interest after 444 days.

Side-by-Side Comparison of Returns Bank Interest Rate (p.a.) Maturity Amount (₹) Total Interest Earned (₹)

SBI	6.60%	14,64,061.99	1,12,061.99
Punjab & Sind Bank	6.80%	14,67,569.39	1,15,569.39
Indian Bank	6.70%	14,65,814.85	1,13,814.85
Indian Overseas Bank	6.75%	14,66,691.91	1,14,691.91

Which Bank Should You Choose?

If your goal is to maximize returns for the 444-day period, Punjab & Sind Bank emerges as the best choice, offering the highest interest and maturity amount. However, interest rate is not the only factor to consider. You should also look at:

• The bank’s overall credibility and stability

• Premature withdrawal rules and penalties

• The convenience of managing your FD (branch network, online access, etc.)

Why 444-Day FDs Are Popular Right Now

Banks occasionally launch special tenure deposits to raise funds quickly, often offering better rates than their standard FD products. The 444-day term is short enough to avoid long-term commitment but long enough to provide competitive returns compared to regular one-year FDs.

Given current economic conditions, many investors prefer short-to-medium-term FDs to keep their money safe while still earning reasonable interest.

Bottom Line:
If you have surplus funds and want guaranteed earnings, a 444-day special FD from a PSU bank can be an attractive option. Among the current offerings, Punjab & Sind Bank leads with a 6.80% interest rate, giving the highest return of ₹1,15,569.39 on a ₹13.52 lakh investment. But before investing, always compare terms, check flexibility for premature closure, and ensure the scheme matches your financial goals.