444 Day Special Fixed Deposits : Fixed Deposits have traditionally appealed to less risk taking investors offering guarantee returns where investors seeks stable risk free returns. With recent announcements in repo rate by RBI, the revision on deposit returns have been done by Banks. Banks keep on innovating their offerings on fixed deposits providing various tenures of Fixed deposits & related returns. In this article, we will know about 444 Day Special Fixed Deposits & which PSU banks is offering what % of returns to it’s investors.
Several leading Indian public sector banks are now offering special fixed deposit (FD) schemes with unique tenures, including the 444 day special fixed deposits, which comes with attractive interest rates for general, senior, and super senior citizens. To encourage more deposits, banks are launching limited-period special FDs that offer higher-than-usual interest rates. Public sector banks like State Bank of India (SBI), Bank of Baroda (BoB), Punjab & Sind Bank, Indian Overseas Bank (IOB), Canara Bank & more currently provide the 444-day special FD.
444 Day Special Fixed Deposits : Bank wise Interest rates
1. State Bank of India (SBI) is offering an interest rate of 6.6 per cent to general depositors under its Amrit Vrishti Special Fixed Deposit Scheme.
2. Punjab & Sind Bank is offering general customers an interest rate of 6.7 per cent on its 444 day special fixed deposit scheme.
3. Both Indian Bank and Indian Overseas Bank offer an interest rate of 6.7 per cent to general citizens in their respective 444 day special fixed deposits.
4. Canara Bank is providing general citizens an interest rate of 6.5 percent on its 444 day special fixed deposit scheme.
5. Bank of Baroda also offers an interest rate of 6.6 per cent on its 444-day special FD for general customers.
If we talk about private players like HDFC Bank, it is providing maximum returns in case investor invest between 18 to 21 months , interest rate is 6.6% while ICICI Bank offers interest rate of 6.4% till 2 years period & offers 6.6% for period starting 2 years onwards
Taxation on Fixed Deposits : interest earned on Fixed Deposits (FDs) is fully taxable as “income from other sources” and is added to your total income for the financial year. The bank will deduct a Tax Deducted at Source (TDS) if the interest exceeds a certain threshold.
1. FD interest taxation for non-senior citizens For the Financial Year (FY) 2025–26 :
TDS limit: If your total FD interest from a bank in a financial year is over ₹50,000, the bank will deduct TDS. This limit was increased from ₹40,000 in the Union Budget 2025.
TDS rate: The bank will deduct TDS at a rate of 10% if your Permanent Account Number (PAN) is linked to your account.
Net tax liability: If you fall in a higher tax bracket, you may need to pay additional tax on the interest when you file your income tax return (ITR).
2. Tax benefits for senior citizens
For resident senior citizens (age 60 and above), the tax rules offer additional benefits:
Increased TDS limit: From FY 2025–26, the TDS threshold on FD interest has been doubled to ₹1,00,000.
Section 80TTB deduction: Under the old tax regime, senior citizens can claim a deduction of up to ₹50,000 on interest income from all deposits, including FDs and savings accounts.
This was all about 444 Day special fixed deposits , apart from 444 days there are several other specific buckets which are offered by various banks & are readily available at different bank sites for analysis purpose for both PSU & Private banks.
