India’s largest public sector bank, State Bank of India, has continued its 444-day fixed deposit scheme into 2026. This special tenure FD is designed for customers who want slightly higher returns than regular one-year deposits without locking money for a very long period. At a time when interest rates are changing, many investors are looking for stable and predictable savings options.
Where the 444-Day FD Fits
The 444-day deposit falls between the usual one-year and two-year FD tenures. This makes it a mid-term option for savers who want flexibility along with better interest rates. Reports suggest that regular customers may receive around 6.80% to 7.00% interest, while senior citizens may get additional benefits, possibly taking rates closer to 7.30% to 7.50%. Exact rates depend on deposit amount and the date of booking.
Eligibility and Investment Conditions
The minimum investment amount generally starts at ₹1,000, making the scheme accessible for small investors. There is usually no upper limit for retail deposits, although very large deposits may fall under bulk categories with different rates. Customers can open the FD through branches, internet banking, or the YONO platform. Premature withdrawal is allowed, but a penalty may reduce the effective return if funds are withdrawn early.
Interest Payout and Income Planning
Investors can choose between cumulative and non-cumulative options. In the cumulative option, interest is added to the principal and paid at maturity. In the non-cumulative option, interest can be paid monthly or quarterly. This flexibility is helpful for retirees who want regular income to manage daily expenses. However, investors should compare returns with other savings schemes before deciding.
Safety and Deposit Insurance
Fixed deposits with SBI are considered relatively safe because the bank is government-owned. Deposits are also covered by insurance under the Deposit Insurance and Credit Guarantee Corporation up to ₹5 lakh per depositor per bank. This coverage includes both principal and interest. Investors holding amounts above this limit may consider spreading deposits across banks for additional safety.
Disclaimer
This article is for informational purposes only. Interest rates, terms, and conditions may change based on official bank updates. Returns depend on deposit amount, tenure, and tax status. Readers should verify the latest details directly with SBI or consult a qualified financial advisor before investing.
