Investment planning: What top banks offer on 444-day FDs; check interest rates & maturity returns

Are you looking for a fixed deposit with attractive returns?Many leading banks in the country have rolled out special fixed deposit (FD) schemes with a 444-day tenure, offering some of the best returns to general, senior and super senior citizens.

Take a look at the current interest rates offered on these special FDs and what a Rs 1 lakh investment could grow into.State Bank of India (SBI)SBI’s 444-day special FD, called the Amrit Vrishti scheme, comes with a 6.60% interest rate for general citizens. Senior citizens receive 7.10%, while super senior citizens earn 7.20%. A Rs 1 lakh investment in SBI’s Amrit Vrishti FD (interest rate 6.6%) will fetch an estimated maturity value of Rs 1,08,288, with estimated interest of Rs 8,288, ET reported.Indian BankIndian Bank’s Ind Secure Product, also with a 444-day tenure, offeRs 6.70% for general citizens, 7.20% for senior citizens, and 7.45% for super senior citizens.For a Rs 1 lakh investment in this FD (interest rate 6.7%), the maturity value is estimated at Rs 1,08,418.26, with Rs 8,418.26 as interest.Bank of BarodaThe bob Square Drive Deposit Scheme runs for 444 days and pays 6.60% to general citizens, 7.10% to senior citizens, and 7.20% to super senior citizens.

On a Rs 1 lakh investment (interest rate 6.6%), the maturity value is projected at Rs 1,08,288.61, with interest of Rs 8,288.61.IDBI BankIDBI Bank’s 444-day Utsav FD special deposit scheme offers 6.70% for general citizens, 7.20% for senior citizens, and 7.35% for super senior citizens. The rates are valid until 30 September 2025.A Rs 1 lakh investment (interest rate 6.7%) is expected to yield Rs 1,08,418.26 on maturity, with interest of Rs 8,418.26, according to an ET report.Canara BankCanara Bank provides a 6.50% interest rate to general citizens and 7.00% to senior citizens on its 444-day FD.A Rs 1 lakh deposit (interest rate 6.5%) in this scheme will give an estimated maturity value of Rs 1,08,159.08, with interest amounting to Rs 8,159.08.