₹20,000 to ₹1 lakh: How much can you earn from a 444-day FD in top PSU banks?

Special-tenure fixed deposits (FDs) offered by public sector banks can be an option for investors looking for predictable returns over a little more than a year. Among the special tenures, 444-day deposits offered by several state-owned banks currently carry interest rates ranging from 6.45% to 6.75% for general citizens.

For investors considering smaller amounts, the difference in interest rates can translate into different maturity values. Based on quarterly compounding, a ₹20,000, ₹50,000 or ₹1 lakh deposit can earn varying amounts depending on the bank chosen.

Central Bank of India offers the highest rate

Central Bank of India currently offers the highest interest rate among the PSU banks covered, at 6.75% for its 444-day deposit. On a ₹20,000 investment, the approximate interest earned works out to ₹1,697, taking the maturity amount to around ₹21,697.

For a ₹50,000 deposit, the approximate interest earned would be ₹4,242, resulting in a maturity amount of about ₹54,242. A ₹1 lakh deposit could earn approximately ₹8,483, taking the maturity value to around ₹1.08 lakh.

PNB and Indian Overseas Bank offer 6.60%

Punjab National Bank (PNB) and Indian Overseas Bank (IOB) offer 6.60% on their respective 444-day deposits for general citizens.

At this rate, ₹20,000 would earn approximately ₹1,658 in interest, taking the maturity value to about ₹21,658. A ₹50,000 investment would grow to approximately ₹54,144, while ₹1 lakh would mature at around ₹1.08 lakh, with interest of approximately ₹8,289.

PNB's applicable rate is effective from June 1, 2026, while IOB's rate is effective from May 15, 2026.

MUST READ: SBI FD rates vs Bank of Baroda vs Canara Bank: Which bank offers higher returns in 2026?

Canara Bank offers 6.50%

Canara Bank offers a 6.50% interest rate on its 444-day FD for general citizens, with the applicable rate effective from March 17, 2026.

A ₹20,000 investment would earn approximately ₹1,632 in interest, resulting in a maturity value of around ₹21,632. For ₹50,000, the maturity amount would be approximately ₹54,080, while ₹1 lakh would grow to around ₹1.08 lakh.

444-day FD interest rates: Top PSU banks

SBI and Bank of Baroda offer 6.45%

State Bank of India (SBI) and Bank of Baroda (BoB) offer 6.45% on their 444-day special deposits. SBI's deposit is available under the Amrit Vrishti scheme, while BoB offers the deposit under its BoB Square Drive Deposit Scheme.

At 6.45%, a ₹20,000 deposit would earn approximately ₹1,619, taking the maturity amount to around ₹21,619. A ₹50,000 investment would mature at approximately ₹54,047, while ₹1 lakh would grow to around ₹1.08 lakh.

The actual maturity amount may vary slightly depending on the bank's calculation methodology and the applicable compounding conventions. The rates cited are for general citizens and may differ for senior citizens.

ALSO READ: NRE fixed deposit rates 2026: These banks offer up to 8.05% interest to NRIs

How ₹20,000, ₹50,000 and ₹1 lakh can grow in 444 days

The calculations are based on quarterly compounding over 444 days, using the applicable interest rate offered by each bank. The interest and maturity amounts shown are approximate, and actual payouts may vary slightly based on the bank’s calculation methodology.

ALSO SEE: ₹20,000, ₹50,000 or ₹1 lakh in 5-year senior citizen FD: SBI, HDFC Bank, ICICI Bank, PNB or Axis Bank — Which gives better returns?