What Is The Sbi 444 Fd Scheme

The SBI Amrit Vrishti Deposit 444‑Day Fixed Deposit Scheme is a special term deposit launched by SBI, available from 15 July 2024 to 31 March 2025, offering an interest rate of 6.60% p.a. for general customers and 7.10% p.a. for senior citizens. It targets domestic retail and NRI rupee term deposits (up to ₹3 crore) and allows booking both new and renewed deposits. It comes with premature withdrawal penalties (0.50–1%), available loan facilities, and can be booked via branch, internet banking, or YONO. 

In an evolving economic environment, where investors seek safe and rewarding investment options, fixed deposits (FDs) remain one of the most preferred instruments. The State Bank of India (SBI), the largest public sector bank in India, periodically launches special tenure FD schemes with enhanced interest rates. Among them, the SBI 444 Days FD Scheme stands out due to its unique duration, limited-time availability, and better returns compared to standard deposit offerings. 

What is the SBI 444 FD Scheme? 

The SBI 444 FD Scheme is a special fixed deposit plan launched by the State Bank of India for a limited period, offering investors a fixed return for a tenure of 444 days. This scheme provides attractive interest rates, typically higher than regular fixed deposit rates for similar durations and is available to both regular customers and senior citizens. The FD amount starts from ₹1,000 with no upper limit, and interest can be received at regular intervals or at maturity, based on the depositor's preference. 

Key Features of the SBI 444 FD Scheme 

Here are the standout features of this special deposit: 

What is the interest rate for SBI FD for 444 days? 

The SBI 444 Days Fixed Deposit Scheme offers interest rates of 6.60% for regular customers, 7.10% for senior citizens. This special FD provides attractive returns with quarterly compounding and flexible payout options. It is ideal for secure short-term savings, effective from Jun16, 2025. 

Benefits of SBI 444 FD Scheme 

1. Higher Returns 
   The scheme offers better returns compared to similar tenure FDs, making it ideal for short- to mid-term investments. 

2. Capital Safety 
   Backed by the Government of India, SBI FDs are among the safest investment avenues available in the country. 

3. Attractive for Senior Citizens 
   With an interest rate up to 7.60%, it becomes a great option for retirees looking for fixed income. 

4. Flexibility of Interest Payout 
   Customers can choose the mode of interest payout – monthly, quarterly, or at maturity. 

5. Premature Withdrawal Facility 
   Though there’s a penalty, funds can still be accessed before maturity in case of emergency. 

6. Loan Facility 
   SBI allows loans up to 90% of the FD amount in case of financial need, eliminating the need to break the FD. 

Who Should Invest in SBI 444 FD? 

This scheme is ideal for: 

• Individuals looking for short-term, low-risk investment. 

• Senior citizens seeking guaranteed returns higher than savings accounts or post office deposits. 

• Salaried individuals or business owners with idle surplus funds for ~1.2 years. 

• Investors wanting to diversify their fixed income portfolio. 

How to Open SBI 444 FD? 

You can Open in the SBI 444 Day Fixed Deposit through any of the following convenient options: 

Method 1: Using SBI NetBanking (Online via Website) 

Step 1: Visit the official SBI NetBanking portal
Step 2: Log in using your username and password. 
Step 3: Click on the "Fixed Deposit" tab in the menu. 
Step 4: Select "e-TDR/e-STDR (FD)" option from the list. 
Step 5: Choose the type of FD (e-TDR for regular payout, e-STDR for maturity payout). 
Step 6: Select your Savings Account for the deposit source. 
Step 7: Enter the deposit amount (minimum ₹1,000). 
Step 8: Set the tenure to 444 days (select from available schemes). 
Step 9: Choose interest payout mode – monthly, quarterly, or on maturity. 
Step 10: Enter nominee details and maturity instructions. 
Step 11: Review all details and click "Submit". 
Step 12: You’ll receive a confirmation message and e-receipt instantly. 

Method 2: Using SBI YONO Mobile App 

Step 1: Open the SBI YONO App and log in. 
Step 2: Tap on “Investments” from the home screen. 
Step 3: Select “Fixed Deposits” → Choose “e-TDR/e-STDR”. 
Step 4: Choose your Savings Account as the source. 
Step 5: Enter the deposit amount and select 444 days as tenure. 
Step 6: Pick your interest payout preference. 
Step 7: Add nominee details if needed. 
Step 8: Tap on “Proceed” and confirm with OTP. 
Step 9: Your FD is created and the digital receipt is sent to your email/SMS. 

Method 3: Visit SBI Branch (Offline Mode) 

Step 1: Visit your nearest SBI branch. 
Step 2: Ask for the Special FD Application Form (mention “444 Days Scheme”). 
Step 3: Fill in the form with details like: 

• Name 

• Account number 

• Deposit amount 

• Interest payout mode 

• Tenure (444 days) 

• Nominee details 

Step 4: Attach a cheque or instruct a debit from your account. 
Step 5: Submit the filled form along with: 

• PAN card 

• Aadhaar card or valid ID/address proof 

• Recent passport-size photo (if required) 

Step 6: Bank staff will process your FD request. 
Step 7: Collect your FD receipt and acknowledgment slip. 

Taxation on SBI 444 FD 

Interest earned on SBI’s 444-day FD is fully taxable under the Income Tax Act, 1961. Here are key points to note: 

• TDS (Tax Deducted at Source): 
  If total interest from all FDs in a financial year exceeds ₹40,000 (₹50,000 for senior citizens), TDS at 10% is deducted by the bank. 

• Form 15G/15H: 
  If your total income is below the taxable limit, you can submit Form 15G (for non-seniors) or Form 15H (for seniors) to avoid TDS deduction. 

Final Thoughts 

The SBI Amrit Vrishti 444 Days FD is a strategic investment option combining moderate lock-in, compelling interest returns, and institutional credibility. Ideal for senior citizens, conservative savers, SBI employees, and mid-term planners, it’s one of the more rewarding fixed-income schemes in the current banking landscape—especially during its limited availability. If you fit the eligibility criteria and can commit funds for 444 days, this FD is worth strong consideration.