Public sector banks are offering marginally higher returns on 444-day fixed deposits, with Central Bank of India leading at 6.75%, but rates fluctuate across institutions and can influence savings outcomes.
Public sector banks are offering a narrow but useful window for savers looking at 444-day fixed deposits, with Business Today calculating the likely returns on deposits of ₹20,000, ₹50,000 and ₹1 lakh across several lenders. In its comparison, Central Bank of India comes out on top for general customers at 6.75%, while Punjab National Bank and Indian Overseas Bank offer 6.60%, Canara Bank 6.50% and State Bank of India and Bank of Baroda 6.45%. Using quarterly compounding, the article estimates that a ₹1 lakh deposit at Central Bank of India would mature at about ₹1.08 lakh.
The same comparison shows only modest differences in rupee gains, but enough to matter for larger sums. At 6.75%, a ₹20,000 deposit would earn roughly ₹1,697, while ₹50,000 would generate about ₹4,242. At 6.60%, the corresponding gains fall slightly to around ₹1,658 and ₹4,144, and at 6.45% they ease further to roughly ₹1,619 and ₹4,047. Business Today notes that the final payout can vary depending on how each bank applies compounding and rounds maturity values.
The rate picture is not entirely uniform across market trackers. The Economic Times reported that Punjab National Bank revised its fixed deposit rates from February 24, 2026, setting its 444-day scheme at 6.60% for general customers, with higher rates for senior and super senior citizens. Other rate trackers cited in the related material list different figures for Central Bank of India and Canara Bank, suggesting that promotional deposits and rate updates may not be synchronised across all sources.
For savers, the practical point is that 444-day deposits can offer a small premium over standard fixed terms, but the best deal depends on the bank, the customer category and the date on which the deposit is booked. The figures in Business Today’s table are for general citizens, and the banks’ special schemes are marketed under different names, including SBI’s Amrit Vrishti and Bank of Baroda’s BoB Square Drive Deposit Scheme. As the related reporting shows, these rates can change, so customers would need to check the lender’s latest circular before committing money.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
