Why 444-Day FD Is a Smarter, Safer Bet Than Regular Deposits

Many public sector banks have launched special 444-day fixed deposit (FD) schemes. These are gaining popularity as they offer slightly higher interest rates compared to regular FDs.

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444-Day FD Interest

Investors often choose FDs for stable returns with low risk. Public sector banks (PSUs) have introduced 444-day special FDs. These offer slightly better interest than regular FDs, making them popular.

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SBI Interest Rate

SBI offers 6.60% on 444-day FDs. A Rs 7.25 lakh investment could grow to around Rs 7.85 lakh. Similarly, a Rs 9.25 lakh investment might reach about Rs 10.02 lakh.

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Punjab & Sind Bank Offer

Punjab & Sind Bank offers 6.70% interest. A Rs 7.25 lakh investment could become around Rs 7.86 lakh, and Rs 9.25 lakh could grow to about Rs 10.03 lakh. This is slightly higher than SBI's rate.

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Canara Bank and IOB

Canara Bank offers 6.50% interest. A Rs 7.25 lakh investment would become roughly Rs 7.84 lakh, and Rs 9.25 lakh would reach around Rs 10.00 lakh. Indian Overseas Bank (IOB) offers the highest at 6.75%. With IOB, Rs 7.25 lakh could grow to about Rs 7.87 lakh, and Rs 9.25 lakh to around Rs 10.03 lakh.

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Investor Considerations

These 444-day FDs offer slightly higher returns than regular FDs and are safer due to government backing. However, interest rates can change. Confirm with bank officials and consult a financial advisor before investing.