444-Day Special FDs: SBI, Punjab & Sind Bank, IOB or Indian Bank—Which scheme offers highest return on Rs 10,25,000 investment?
444-Day Special FDs: Compare 444-day special FD returns from SBI, Punjab & Sind Bank, IOB, and Indian Bank on a Rs 10.25 lakh investment. Find out which scheme offers the highest estimated maturity value and interest earned.
444-Day Special FDs: Fixed Deposits (FDs) have long been considered one of the safest and most popular investment options for individuals seeking stable and assured returns. However, with the rise of mutual funds, equities, and other high-yield instruments, traditional FDs have lost some appeal among investors.
In response, several banks have launched limited-period special FD schemes that offer slightly higher interest rates than regular fixed deposits. One such scheme is the 444-day Special FD, currently being offered by leading banks including the State Bank of India (SBI), Punjab & Sind Bank, Indian Overseas Bank (IOB), and Indian Bank.
This article compares the returns offered by these banks on a 444-day FD with an investment of Rs 10.25 lakh, to help 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.)
What are special fixed deposits?
Special FDs are time-bound deposit schemes introduced by banks for a limited period. These FDs typically offer better interest rates than standard fixed deposits and are aimed at investors seeking slightly higher returns over a defined maturity period.
SBI 444-Day Special FD Interest Rate
State Bank of India (SBI) offers an interest rate of 6.6 per cent to general citizens under its 'Amrit Vrishti' special 444-day fixed deposit scheme.
Punjab & Sind Bank 444-Day FD Interest Rate
Punjab & Sind Bank offers a higher interest rate of 7.05 per cent for its 444-day special fixed deposit.
Indian Overseas Bank 444-Day FD Interest Rate
Indian Overseas Bank (IOB) currently provides the highest rate among these banks, offering 7.10 per cent for the 444-day deposit.
Indian Bank 444-Day FD Interest Rate
Indian Bank offers an interest rate of 6.90 per cent under its 444-day FD scheme.
SBI 444-Day Special FD: Maturity on Rs 10.25 lakh investment for general citizens
Estimated Maturity Value: Rs 11,09,958.24
Estimated Interest Earned: Rs 84,958.24
Punjab & Sind Bank 444-Day Special FD: Maturity on Rs 10.25 lakh investment for general citizens
Estimated Maturity Value: Rs 11,15,948.29
Estimated Interest Earned: Rs 90,948.29
Indian Overseas Bank 444-Day Special FD: Maturity on Rs 10.25 lakh for general citizen
Estimated Maturity Value: Rs 11,16,615.44
Estimated Interest Earned: Rs 91,615.44
Indian Bank 444-Day Special FD: Maturity on Rs 10.25 lakh for general citizen
Estimated Maturity Value: Rs 11,13,948.76
Estimated Interest Earned: Rs 88,948.76