Short-Term Investment: Which banks offer best interest rates on FDs of 400 to 444 days?

Here’s a breakdown of the interest rates offered by various banks on these FDs.

State Bank of India (SBI) offers a 400-day Amrit Kalash scheme, providing a 7.10 per cent interest rate for regular investors and 7.60 per cent for senior citizens. 

For the 444-day Amrit Varsha FD, the interest rates are 7.25 per cent for general investors and 7.75 per cent for senior citizens.

Punjab National Bank (PNB) offers 7.25 per cent interest on 400-day FDs for the general public. 

Senior citizens receive 7.75 per cent, while super senior citizens can earn up to 8.05 per cent.

Canara Bank provides a 7.25 per cent interest rate for general citizens on 444-day FDs, with senior citizens earning up to 7.75 per cent.

At the Bank of Baroda, the interest rate for 400-day FDs is 7.00 per cent for general citizens and 7.50 per cent for senior citizens.

Union Bank of India offers a 7.25 per cent interest rate for general citizens and 7.75 per cent for senior citizens on its 399-day FDs.

There are several options for investing in FD. You can start the FD with as low as Rs 1,000. Usually, FD can be done for a period of 7 days to 10 years. 

Fixed Deposit is considered to be the most risk-free investment option in the country as banks are monitored by RBI.