Archive · 20 May 2025
Banks Launch 444-Day FD Schemes with Competitive Rates
Banks are offering special 444-day savings plans with higher interest rates.
Think of it like putting your money in a special piggy bank for a set time.
SBI, Canara Bank, Bank of Baroda, and Indian Bank have different rates.
Senior citizens usually get even better rates.
Each bank's plan has a slightly different interest rate.
Some plans have extra good rates for those 80 and older.
This gives people more choices to grow their savings.
Several banks offer 444-day fixed deposit schemes.
SBI's Amrit Vrishti offers up to 7.45% interest for super senior citizens.
Canara Bank's 444-day scheme offers up to 7.75% for senior citizens.
Bank of Baroda's Square Drive Deposit Scheme offers up to 7.70% for super senior citizens.
Indian Bank's IND SECURE scheme offers up to 7.90% for super senior citizens until September 30, 2025.
- Who
- SBI, Canara Bank, Bank of Baroda, Indian Bank, and their customers.
- What
- Banks offer specialized 444-day fixed deposit schemes.
- When
- Starting April 10, 2025 and May 5, 2025, and ongoing
- Where
- Various banks, including SBI, Canara Bank, Bank of Baroda, and Indian Bank.
- Why
- To attract depositors and offer competitive rates.
- Scheme Tenure
- 444 days
- SBI Amrit Vrishti Effective Date
- May 16, 2025
- Canara Bank Scheme Effective Date
- April 10, 2025
- Bank of Baroda Scheme Effective Date
- May 5, 2025
- Indian Bank IND SECURE Scheme Ends
- September 30, 2025
- Highest Interest Rate
- Up to 7.90%