PSU Banks Offer 444-Day FD Schemes With Interest Rates Up to 7.35% for Senior Citizens

Special fixed deposit (FD) schemes attract a lot of investors for their higher interest rates in comparison to the rates of traditional FDs. One of the popular special FDs offered by many public sector undertaking (PSU) banks is the 444-day FD. Many leading PSU banks offer the 444-day FD at attractive interest rates to general, senior and super senior citizens. From State Bank of India’s ‘Amrit Vrishti’ scheme to similar offerings by Indian Bank, Bank of Baroda and Canara Bank, these 444-day FDs offer as high as an interest rate as 7.35% to super senior citizens.

State Bank of India 444-day FD interest rates

State Bank of India’s (SBI) 444-day special FD is known as the ‘Amrit Vrishti’ scheme. The PSU bank offers a 6.45% interest rate to general citizens. Senior citizens earn a 6.95% rate on the same FD, while super senior citizens get 7.05%.

Indian Bank 444-day FD interest rates

Indian Bank is offering a 6.60% interest rate to general citizens on its 444-day special fixed deposit scheme (Ind Secure Product). The interest rate for senior citizens for the same scheme is 7.10%, while super senior citizens earn a 7.35% rate. These rates are applicable from March 3, 2026.

Bank of Baroda 444-day FD interest rates

Bank of Baroda, under its bob Square Drive Deposit Scheme (444 days), offers an interest rate of 6.45% to general citizens, 6.95% to senior citizens and 7.05% to super senior citizens for deposits below Rs 3 crore. These rates are applicable from January 5, 2026.

Canara Bank 444-day FD interest rates

Canara Bank, on its 444-day deposit, offers a 6.50% interest rate to general citizens and 7.00% to senior citizens for deposits below Rs 3 crore. These rates are applicable from March 17, 2026.

Interest Rate Comparison

Bank of Baroda offers the lowest rate at 6.45% for general citizens, while Indian Bank offers the highest at 6.60%. For senior citizens, Indian Bank leads with 7.10%, followed by Canara Bank at 7.00%, and SBI and Bank of Baroda at 6.95%. For super senior citizens, Indian Bank again leads with 7.35%, while SBI and Bank of Baroda offer 7.05%, and Canara Bank offers 7.10%.

New TDS form

From April 1, 2026, the Income Tax Act, 2025, introduced new unified Form 121, replacing Forms 15G/15H for nil deduction. Form 121 is a new, combined self-declaration form, introduced as of April 2026, that replaces Forms 15G and 15H for reducing or avoiding TDS on interest, dividends, rent and PF withdrawals. It is used by individuals whose total estimated annual income is below the taxable limit to ensure no TDS is deducted.