Comparing 444-day FD schemes: Which bank offers what rate? Check details

Several banks have recently reduced their fixed deposit interest rates , with numerous banks introducing specialised 444-day FD schemes featuring competitive rates.

These time-limited offerings seek to draw depositors looking for enhanced returns in a fluctuating interest rate climate. Below is a comprehensive analysis of schemes from four major banks, as quoted by Economic Times.

SBI's "Amrit Vrishti" delivers a 6.85% annual interest rate for regular customers. Senior citizens receive 7.35% yearly, while super senior citizens (80 years and above) enjoy 7.45% per annum. These rates commenced from May 16, 2025.

Canara Bank's 444-day deposit scheme offers 7.25% yearly interest for regular customers (deposits under Rs 3 crore), with senior citizens receiving 7.75% per annum. This programme began on April 10, 2025.

The "Square Drive Deposit Scheme" from Bank of Baroda provides 7.10% annual interest. Senior citizens qualify for 7.60%, and super senior citizens (80 years and above) can earn 7.70% yearly. These rates took effect from May 5, 2025.

Indian Bank's "IND SECURE" scheme spans 444 days, offering regular customers 7.15% yearly interest. Senior citizens receive 7.65%, whilst super senior citizens (80 and above) can secure 7.90% per annum. This scheme remains available until September 30, 2025.

Key details (Source: Bank websites as on May 20, 2025)

• State Bank of India

Scheme: Amrit Vrishti
Tenure: 444 Days
Rates: 6.85 per cent (General), 7.35 per cent (Senior), 7.45 per cent (Super Senior)
Effective: From May 16, 2025

• Canara Bank

Scheme: 444-Day FD Scheme
Rates: 7.25 per cent (General), 7.75 per cent (Senior), Not specified (Super Senior)
Effective: From April 10, 2025

• Bank of Baroda
  

Scheme: Square Drive Deposit Scheme
Rates: 7.10 per cent (General), 7.60 per cent (Senior), 7.70 per cent (Super Senior)
Effective: From May 5, 2025

• Indian Bank
  

Scheme: IND SECURE
Rates: 7.15 per cent (General), 7.65 per cent (Senior), 7.90 per cent (Super Senior)
Valid Till: September 30, 2025

Note: Tenure of all schemes is 444 days