Special 555-Day Fixed Deposits Attract Investors with Competitive Rates
Quick Look
Banks like City Union Bank, Karnataka Bank, and Bank of Baroda are offering attractive interest rates on special 555-day fixed deposit schemes, drawing investor attention for potentially better returns.
AI-generated summary
Why It Matters
Special fixed deposit schemes, particularly those with a 555-day tenure, are gaining traction as banks offer competitive interest rates compared to regular FDs.
Synopsis
FD interest rates: Special fixed deposits with a 555-day tenure are drawing investor attention. Banks like City Union Bank and Karnataka Bank are offering competitive interest rates. Bank of Baroda has also introduced a new 555-day deposit scheme with attractive rates for all customer categories. Investors can explore these options for potentially better returns.
Listen to this article in summarized format
Special fixed deposit (FD) schemes are popular among investors as banks often offer higher interest rates on these deposits compared to many regular FDs. Banks offer special FDs of different tenures, providing callable and non-callable options to their investors. Among these tenures, the 555-day deposit is one of the popular special FDs. Several leading banks offer the 555-day tenure with attractive interest rates to general customers, senior citizens and, in some cases, to super senior citizens.
Check 555-day FD interest rates of banks such as City Union Bank, Karnataka Bank, Bank of Baroda, Indian Bank, Canara Bank and Union Bank of India FD.
City union Bank 555-day FD interest rate
City Union Bank offers an FD interest rate of 7.25% to general citizens on a tenure of 555 days, while senior citizens earn a higher rate of 7.50% on the same tenure.
Karnataka Bank 555-day FD interest rate
Karnataka Bank offers an FD interest rate of 7% to general citizens, while senior citizens earn a higher rate of 7.40% on the 555-day tenure.
Indian Bank 555-day FD interest rate
Indian Bank offers an FD interest rate of 6.80% to general citizens on a 555-day tenure. Senior citizens earn a higher rate of 7.30% on the same fixed deposit.
Union Bank of India 555-day FD interest rate
Union Bank of India offers an FD interest rate of 6.65% on 555 days of tenure to general citizens. To senior citizens, the bank offers a 7.15% rate.
Canara Bank 555-day FD interest rate
Canara Bank offers an FD interest rate of 6.60% on 555 days of tenure to general citizens and to senior citizens, the bank offers a 7.10% rate on the same tenure.
Highest 555-day FD interest rates
Bank
Tenure
FD Interest Rate for General Citizens (%)
FD Interest Rate for Senior Citizens (%)
City Union Bank
555 days
7.25
7.5
Karnataka Bank
555 days
7
7.4
Indian Bank
555 days
6.8
7.3
Bank of Baroda
555 days
6.75
7.25
Union Bank of India
555 days
6.65
7.15
Source- Paisabazaar data as on June 10, 2026
Bank of Baroda launches 555-day FD
Bank of Baroda has launched a new retail term deposit scheme – the ‘bob Golden Goal Deposit Scheme’, a special 555-day tenor deposit scheme offering an attractive interest rate. The scheme is applicable on retail term deposits below Rs 3 crore.
bob Golden Goal Deposit Scheme details
Bank of Baroda (BoB) Golden Goal Deposit Scheme offers a special fixed deposit. Under the callable FD option, general customers, including NRO and NRE depositors, can earn an interest rate of 6.75% per annum. Senior citizens are offered a higher rate of 7.25% per annum, while super senior citizens can earn a 7.35% rate per annum.
For customers opting for the non-callable FD option, the interest rates are slightly higher. General customers can earn 6.80% per annum, senior citizens can get 7.30% per annum, and super senior citizens are eligible for 7.40% per annum on the 555-day deposit.
(Join our ETWealth WhatsApp channel for all the latest updates)
Open Questions
- Are there penalties for early withdrawal?
- What are the tax implications of these FDs?
