Amidst the changes in interest rates in recent months, many big public sector banks (PSU banks) have cut the interest rates of their fixed deposit (FD) schemes. The Reserve Bank of India (RBI) has cut the repo rate twice this year, which has also affected the FD rates of banks. However, despite this, some banks are still offering special FD schemes to attract investors, which are getting more interest than normal FDs.
What is a special FD?
Special FD is actually a fixed deposit scheme launched for a limited period, whose tenure is also special, like 444 days, 400 days, or 300 days. These schemes are usually given by banks at a higher interest rate than regular FDs.
Benefits of investing in special FDs:
Higher interest rate than other normal FDs
Available for a limited period, so an opportunity to invest by taking a quick decision
Low-risk investment option
Senior citizens and super senior citizens get the benefit of an additional interest rate
Also read: Which PSU banks are offering the highest FD interest rates to senior citizens in May 2025?
If you also want a little better return on your money, then take a look at the 444-day special FD schemes of these banks:
1. SBI’s Amrit Vrishti Yojana
Interest rate on special FDs of 444 days duration under the Amrit Vrishti Yojana of State Bank of India (SBI):
For general citizens: 6.85% per annum
For senior citizens: 7.35% per annum
For super senior citizens (80 years or above): 7.45% per annum
This interest rate is effective from May 16, 2025.
2. Canara Bank 444 days FD
Canara Bank is offering the following interest rates on 444-day FD for amounts less than ₹3 crore:
For general citizens: 7.25% per annum
For senior citizens: 7.75% per annum
These rates are applicable from April 10, 2025.
3. Bank of Baroda Square Drive Deposit Scheme
Interest on 444 days FD under Bank of Baroda’s Square Drive Deposit Scheme:
For general citizens: 7.10% per annum
For senior citizens: 7.60% per annum
For super senior citizens: 7.70% per annum
These revised rates are applicable from May 5, 2025.
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