444-day fixed deposit schemes: SBI, Canara Bank, Indian Bank and Bank of Baroda
Several major banks have cut their fixed deposit interest rates and many banks are offering special fixed deposit (FD) schemes with attractive interest rates for a tenure of 444 days. These limited-period schemes aim to attract depositors seeking better returns amid an unstable interest rate environment. Here's a detailed comparison of offerings from State Bank of India (SBI), Canara Bank, Indian Bank and Bank of Baroda.
SBI's Amrit Vrishti
SBI's Amrit Vrishti scheme—this special 444-day fixed deposit offers an interest rate of 6.85% per annum for general citizens.For senior citizens, the bank offers 7.35% per annum and for super senior citizens (aged 80 years and above), the bank offers an interest rate of 7.45% per annum on Amrit Vrishti. This rate is effective from May 16, 2025.
SBI cuts fixed deposit interest rates again by 20 bps: Check latest FD rates
Canara Bank's 444-Day FD
Canara Bank offers an FD rate of 7.25% per annum for general citizens on a 444-day deposit for amounts below Rs 3 crore. Senior citizens benefit from a higher rate of 7.75% per annum. This scheme is in effect from April 10, 2025.
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Canara bank cuts FD rates by up to 20 bps: Check latest rates
Bank of Baroda's Square Drive Deposit Scheme
Bank of Baroda offers an interest rate of 7.10% per annum on its Square Drive Deposit Scheme with a tenure of 444 days. Senior citizens are eligible for a higher rate of 7.60%, while super senior citizens (aged 80 years and above) can earn up to 7.70% per annum. These revised rates have been effective since May 5, 2025.
Indian Bank's IND SECURE
Indian Bank is offering a special fixed deposit scheme called IND SECURE with a tenure of 444 days. Under this scheme, general citizens can earn an interest rate of 7.15% per annum, while senior citizens are eligible for 7.65%, and super senior citizens (aged 80 and above) can avail a higher rate of 7.90% per annum. This special FD scheme is open for investment until September 30, 2025.
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Bank
Scheme Name
Tenure
General Citizens
Senior Citizens
Super Senior Citizens
Effective/Valid Until
State Bank of India
Amrit Vrishti
444 Days
6.85%
7.35%
7.45%
Effective from May 16, 2025
Canara Bank
444-Day FD Scheme
444 Days
7.25%
7.75%
Not specified
Effective from April 10, 2025
Bank of Baroda
Square Drive Deposit Scheme
444 Days
7.10%
7.60%
7.70%
Effective from May 5, 2025
Indian Bank
IND SECURE
444 Days
7.15%
7.65%
7.90%
Valid till September 30, 2025
Source: Bank websites as on May 20, 2025
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