Fixed deposits are a means of savings most trusted by Indian investors who want guaranteed returns and safety of the capital. In a constant bid to attract more depositors, the public sector banks keep changing their FD schemes, and India Bank has launched a special 444 days FD scheme that offers bumper returns. This means with even a one-time investment of ₹2,00,000, an investor can earn good interest.
About the 444 Days FD Scheme
The 444 days FD scheme is a special fixed deposit plan launched by India Bank to provide higher than usual interest rates as compared to the normal deposits. This peculiar tenure enables the customers earn a better interest rate than they would otherwise, without locking their money for a longer period.
How Much Can You Earn on ₹2,00,000?
Under this scheme, India Bank is offering special interest rates of around 7.25%–7.50% for regular customers, whereas senior citizens can earn up to 8%. This translates to an investment of ₹2,00,000 for 444 days:
- Regular depositors will earn an approximate return of ₹2,24,000+ at maturity.
- Senior citizens may earn a bit more upon maturity thanks to the extra interest perks.
Considering the conditions of the said scheme, this FD is one of the very rewarding ones in the market nowadays.
Scheme Benefits
The 444 days FD scheme offers its investors with the following benefits:
- Higher interest rate than that of a normal FD.
- Safe and secure investment as it is backed by a government-owned bank.
- Medium-term deposit flexibility (just over a year).
- Additional interest benefit to senior citizens.
- Returns are guaranteed with no market risks.
Why Should You Go for This FD?
For those who do not want to take risks in volatile markets, this FD offers the perfect balance of short tenure and high returns. Unlike long-term FDs that require 5–10 years, the 444-day plan provides maturity benefits in just over 14 months, making it suitable for people who may need liquidity sooner.
Conclusion
The India Bank 444 days FD scheme is a golden opportunity for investors to earn bumper returns with full safety. An investment of ₹2,00,000 can grow significantly with attractive interest rates, especially for senior citizens. For individuals looking to park their savings in a secure, medium-term option with guaranteed earnings, this FD is an excellent choice.