Fixed deposits have always been a highly trusted investment avenue of middle-class Indians. They are considered to offer good returns, versatility, and security. The SBI 444-Day FD is aimed at individuals seeking higher interest rates compared to any straightforward FD, but with a relatively short lock-in period.
Tenure and Amount of Deposit
The scheme offered has a pre-specified period of 444 days. Investors can begin by depositing at least ₹1,000 and go up to however much above ₹3 crore. It enables small savers as well as high-value investors to invest.
Interest Rate
For regular public members, the rate stands at 6.45% p.a. (as of the beginning of the year 2026). Senior citizens get an additional 0.50%, thus effectively delivering a much more appealing figure at the price of 6.95%. Super senior citizens (above the age of 80) have been further rewarded with 0.60% extra, leading to higher interest rates.
Repayment Modes
Investors may choose monthly, quarterly, half-yearly, or maturity for withdrawal. This proves highly lucrative because it would correspond to the financial needs of investors, with some requiring payouts for income and others for sync of money recovery purposes.
Security and Suitability
Given the fact that the scheme is sponsored by SBI, which happens to be the largest public sector bank in India, it not only ranks high for safety but also amongst the best options for conservative investors, who may rather prefer assured returns, much unlike market-linked risks. Believe it or not, a 444-day tenure of tenor is catching fancy among investors looking for short-term investments exceeding savings bank interest rate yields.
Comparison
| Investor Category | Interest Rate (per annum) | Tenure | Minimum Deposit | Maximum Deposit |
|---|---|---|---|---|
| Regular Citizens | 6.45% | 444 Days | ₹1,000 | |
| Senior Citizens (60+) | 6.95% | 444 Days | ₹1,000 | |
| Super Seniors (80+) | 7.05% | 444 Days | ₹1,000 |
Tax Matters
The interest, just like all other fixed deposits, is taxable as per the investor’s income tax slab. TDS (tax deducted at source) at the rate of 10% applies if the interest receipt exceeds ₹40,000 in a financial year for an individual taxpayer (₹50,000 for senior citizens).
