444-Day Special FDs: SBI, Punjab & Sind Bank, Canara Bank & more—Which PSU bank offers highest return on Rs 7.25 lakh investment?

444-Day Special FDs: Several leading Indian public sector banks are now offering special fixed deposit (FD) schemes with unique tenures, including the 444-day FD, which comes with appealing interest rates for general, senior, and super senior citizens. Traditionally, FDs have been a favorite among conservative investors seeking stable and guaranteed returns, though their popularity has somewhat declined with the growing appeal of equities, mutual funds, and other market-linked investment options.

To attract more deposits, banks are rolling out limited-period special FDs that offer higher-than-usual interest rates. Public sector banks such as State Bank of India (SBI), Punjab & Sind Bank, Indian Overseas Bank (IOB), and Canara Bank currently provide the 444-day special FD.

In this write up, we will compare the interest rates offered by these banks and estimate the maturity value for a Rs 7.25 lakh investment in each scheme, helping investors make informed decisions.

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(Disclaimer: The returns mentioned below are indicative and for illustrative purposes only. Investors are advised to verify rates and consult a certified financial advisor before making any investment decisions.)