Bank 444-Day FD: Which PSU Bank Gives Higher Returns On ₹2–5 Lakh Investment?

Special fixed deposit schemes from PSU banks are drawing attention with stable returns and higher interest rates for short-term investors

Fixed deposits continue to remain one of the most trusted investment options in India, especially during uncertain market conditions. Among the latest offerings, 444-day special FD schemes by public sector banks are gaining traction for offering attractive interest rates and assured returns. Two such schemes from State Bank of India (SBI) and Indian Bank are currently being compared by investors looking for safe and rewarding short-term investments.

Why 444-Day FDs Are Gaining Popularity

PSU banks including SBI, Indian Bank, Bank of Baroda, and others periodically introduce special FD schemes with limited tenures. These schemes offer fixed interest rates that remain unchanged throughout the investment period, protecting investors from market volatility. The 444-day tenure has emerged as a preferred option due to its balance between returns and liquidity.

SBI Amrit Vrishti Scheme Details

SBI’s 444-day special FD scheme, known as ‘Amrit Vrishti’, offers an interest rate of 6.60 per cent for general citizens and 7.10 per cent for senior citizens. The scheme is designed to provide stable returns with the credibility of the country’s largest public sector bank.

For a ₹2 lakh investment, general investors receive around ₹2,16,577 at maturity, while senior citizens get approximately ₹2,17,876. As the investment amount increases, returns also rise proportionately, making it suitable for medium-sized investments.

Indian Bank 444-Day FD: Higher Interest Edge

Indian Bank offers slightly higher interest rates on its 444-day FD scheme. General citizens receive 6.70 per cent interest, while senior citizens get 7.20 per cent. This marginal difference in rates results in comparatively higher maturity returns, especially for larger deposits.

The scheme is attracting attention for offering better yields without compromising on safety, as it is also backed by a PSU bank.

Returns Comparison On ₹2–5 Lakh Investment

When comparing maturity amounts, Indian Bank holds a slight advantage due to higher interest rates.

For a ₹2 lakh deposit, SBI offers around ₹2.16–2.17 lakh depending on the category, while Indian Bank delivers marginally higher returns.

On ₹3 lakh investment, SBI provides up to ₹3,26,814 for senior citizens, while Indian Bank yields slightly better returns.

For ₹4 lakh and ₹5 lakh investments, the difference becomes more noticeable, with Indian Bank offering higher maturity values across both general and senior citizen categories.

Senior Citizens Benefit More

Both banks offer additional interest benefits to senior citizens, making these schemes particularly attractive for retirees seeking steady income. However, Indian Bank’s higher rate gives it a slight edge in this segment as well.

Safety And Stability Remain Key

One of the biggest advantages of these schemes is their safety. Being government-backed banks, both SBI and Indian Bank provide secure investment avenues. The fixed interest ensures that returns are unaffected by market fluctuations, making them ideal for risk-averse investors.

Final Verdict

While both SBI and Indian Bank offer reliable and rewarding FD schemes, Indian Bank’s slightly higher interest rates make it the better choice in terms of returns. However, SBI continues to hold strong appeal due to its widespread trust and accessibility.

For investors choosing between the two, the decision ultimately depends on whether they prioritise slightly higher returns or the familiarity and reach of SBI.

Disclaimer: Returns mentioned are indicative and may vary slightly based on bank calculations and applicable terms. Investors are advised to check with the bank before investing.