Fixed deposits (FDs) are a popular choice among investors looking for predictable returns from their savings. Special-tenure FDs can offer competitive interest rates for investors willing to lock in their money for a specific period.
If you are planning a one-time investment of ₹10 lakh in a 444-day FD, how much interest can you earn from State Bank of India (SBI), Punjab National Bank (PNB), Indian Overseas Bank (IOB) and Central Bank of India? Here is a look at the annual interest and estimated 444-day maturity value at the rates provided.
The annual interest figures below are calculated by applying the stated rate to the ₹10 lakh investment. The maturity values are illustrative calculations assuming quarterly compounding for 444 days, before tax. Actual maturity amounts can vary according to each bank’s applicable FD terms, compounding method and payout option.
SBI 444-day FD: ₹10 lakh investment
State Bank of India (SBI) offers a 6.45% annual interest rate to general citizens on its 444-day special FD under the Amrit Vrishti scheme, based on the rate provided.
For an investment of ₹10 lakh:
- Investment: ₹10,00,000
- Interest rate: 6.45%
- Annual interest: ₹64,500
- Estimated 444-day maturity: ₹10,80,944
At the stated rate, the annual interest works out to ₹64,500. Assuming quarterly compounding, the ₹10 lakh investment could grow to around ₹10.81 lakh after 444 days.
PNB 444-day FD: ₹10 lakh investment
Punjab National Bank (PNB) offers a 6.60% annual interest rate to general citizens on its 444-day fixed deposit, based on the rate provided.
For an investment of ₹10 lakh:
- Investment: ₹10,00,000
- Interest rate: 6.60%
- Annual interest: ₹66,000
- Estimated 444-day maturity: ₹10,82,886
At the stated rate, the annual interest would be ₹66,000. Under the quarterly-compounding assumption, the estimated maturity value would be around ₹10.83 lakh.
Indian Overseas Bank 444-day FD: ₹10 lakh investment
Indian Overseas Bank (IOB) offers a 6.60% annual interest rate to general citizens on its 444-day deposit, based on the rate provided.
For an investment of ₹10 lakh:
- Investment: ₹10,00,000
- Interest rate: 6.60%
- Annual interest: ₹66,000
- Estimated 444-day maturity: ₹10,82,886
At this rate, the annual interest would be ₹66,000. Assuming quarterly compounding, the estimated maturity value would be around ₹10.83 lakh, matching PNB’s estimate at the same interest rate.
Central Bank of India 444-day FD: ₹10 lakh investment
Central Bank of India offers a 6.75% annual interest rate to general citizens on its 444-day FD, based on the rate provided.
For an investment of ₹10 lakh:
- Investment: ₹10,00,000
- Interest rate: 6.75%
- Annual interest: ₹67,500
- Estimated 444-day maturity: ₹10,84,832
At the stated rate, the annual interest would be ₹67,500. With quarterly compounding, the estimated maturity value works out to around ₹10.85 lakh.
₹10 lakh in a 444-day FD: How much will it become?
If the ₹10 lakh investment is placed in a cumulative FD and the stated rate is assumed to compound quarterly for 444 days, the estimated maturity values are:
- Central Bank of India – 6.75%: ₹10,84,832
- PNB – 6.60%: ₹10,82,886
- Indian Overseas Bank – 6.60%: ₹10,82,886
- SBI – 6.45%: ₹10,80,944
The difference between the highest and lowest estimated maturity values is ₹3,888. These amounts are illustrative estimates and should be checked against the banks’ official FD calculators before publication.
SBI, PNB, IOB or Central Bank of India – which gives better returns?
Based on the rates provided, Central Bank of India offers the highest interest rate among the four banks at 6.75% per annum. On a ₹10 lakh investment, this translates into ₹67,500 in annual interest and an estimated maturity value of ₹10,84,832 under the quarterly-compounding assumption.
PNB and Indian Overseas Bank follow with an interest rate of 6.60% each. A ₹10 lakh investment in either bank would earn ₹66,000 in annual interest and have an estimated maturity value of ₹10,82,886.
SBI offers an interest rate of 6.45% under its Amrit Vrishti scheme. At this rate, the annual interest on ₹10 lakh would be ₹64,500, with an estimated maturity value of ₹10,80,944.
Therefore, based purely on the rates provided, Central Bank of India offers the highest estimated return, while SBI offers the lowest rate in this comparison. The difference between their estimated maturity values is ₹3,888 over 444 days.
Investors should also compare the FD tenure, interest payout frequency, premature withdrawal rules, deposit insurance coverage and tax implications before investing. FD interest is taxable according to applicable income-tax rules.
The rates mentioned above are based on the latest October 2026 figures from the respective banks. Bank FD rates can change, so investors should confirm the applicable interest rate and maturity value with the respective bank before investing in an FD.
Read More: Fixed deposit rates in October 2026: Compare interest rates across 10 banks