SBI 444-Day FD Rates 2026: How Senior Citizens Can Earn More Than Regular FDs In Just 15 Months

Any Indian residents, senior citizens, and super senior citizens can invest in this special FD. The scheme is available for eligible NRIs and renewals for existing fixed deposit holders.

Benefits of SBI 444-Day FD Scheme:

The scheme is affordable as it allows citizens to start their FDs at minimum amount Rs 1,000, which can go higher to Rs 3 crore.

The tenue is shorter and exactly 444 days. The interest rates on this scheme is paid monthly, quarterly, half-yearly and annually, which is a standard pattern in any general FDs.

SBI 444-Day FD Interest Rates:

To general category investors, SBI offers 6.45% under 444-Days FD scheme. But the senior citizens can earn up to 6.95% and super senior citizens can get up to 7.05%.

The super senior citizens are those who are 80 years and above. While senior citizens are generally between the age group of 60 years to 80 years.

SBI 444-Days FD Returns vs SBI Regular FD Returns:

SBI's 444-day FD rates are higher compared to regular FDs that have tenures up to 15 months.

SBI's Regular FD Rates: The highest rate on regular FDs for the general category is 6.45% on a 2-year to less than 3-year tenure. The senior citizens' highest rate on regular FDs is 7.05% on a tenure of 5 years and up to 10 years.

For a tenure of 1 year to less than 2 years, SBI is offering 6.25% to a general category individual on regular FDs, while senior citizens get 6.75% on the same tenure. This tenure is closest for comparison with a 444-day tenure.

It needs to be noted that interests are compounded on a quarterly basis, as per SBI's calculator. Notably, the maturity calculator is provided only as general self-help planning tools. Interest and maturity values are indicative only. The actual maturity value will be as printed on your Fixed Deposit Receipt.

Hence, the chance of earning higher returns on a 15-month tenure is higher in the Amrit Vrishti FD scheme than in SBI's regular FDs.

SBI 444-Days FD Scheme Premature Withdrawal

Under the special FD, SBI has levied penalties on premature withdrawals before tenure. If your principal amount is up to Rs 5 lakh, then a 0.50% penalty will be imposed on the withdrawal amount. While the penalty could rise to 1% on FDs above Rs 5 lakh.

SBI 444-Days FD Scheme Tax Rules

Just like every other FD gain, they fall under a tax bracket. A TDS of 10% is deducted by banks as per rules on FD gains, while the rate could be double to 20% if you have not verified your PAN number with banks. However, eligible investors can submit Form 121 to avoid TDS.

In case if you forget to submit form 121 and TDS has been deducted but your total income is below the taxable limit, then you can claim the TDS refund on these FDs by filing an income tax return.