Synopsis: Some banks in the public sector have introduced some unique fixed deposit schemes for 2026 with varying tenures of 444 days up to 999 days. This article compares the latest interest rates provided by SBI, Indian Bank, Bank of Baroda, IDBI Bank, and Bank of India.
FD is considered to be one of the most popular ways of investing money in India because of its security feature and assured return on investments. Apart from traditional FDs, many banks are providing special FD schemes where the tenure and interest rates are different. In 2026, major public sector banks like SBI, Indian Bank, Bank of Baroda, IDBI Bank, and Bank of India will provide special FD schemes with returns on the investments for normal, senior, and super senior citizens.
What are Special Fixed Deposits?
Special fixed deposits are special FD schemes offered by banks for a limited period of time with tenures that are not normally available in ordinary FD schemes. The banks generally come up with such schemes to raise deposits from the public, offering attractive interest rates compared to normal FD schemes with the same tenure. Some popular tenures of special FD schemes are 444 days, 555 days, 700 days, and 999 days. There are also green deposit schemes available among special FD schemes.
Special Fixed Deposit Schemes in India (2026) – Interest Rate Comparison Table
Note: Interest rates mentioned are based on information available on bank websites as of June 2026 and may change at the discretion of the respective banks.
Also read: Leave Encashment Tax Rules for Salaried Individuals in AY 2026-27: How Much Exemption Can You Claim?
Things to Consider Before Investing
- Interest rates are subject to revision by banks.
- Premature withdrawal may attract penalties and reduce effective returns.
- TDS may be deducted on interest income as per applicable tax provisions.
- Investors should align the FD tenure with their liquidity needs.
- Senior citizens may benefit significantly from the additional interest offered.
- Returns from FDs are fixed and may not always beat inflation over longer periods.
Who should invest?
Fixed deposits that are special in nature could prove to be suitable for the conservative investors who seek to have their funds secured with a guarantee of return on their investments. Such fixed deposits could also be ideal for the senior and super senior investors who would like to get higher interest rate benefits. Investors with short-term and medium-term investment goals, such as creating an emergency fund or saving for something, may find such fixed deposits attractive.
Key Takeaways
- Special fixed deposits are limited-period FD schemes that may offer higher interest rates than regular FDs.
- Among the schemes covered in this comparison, Bank of India’s Harit Jama Yojana offers the highest interest rates for general, senior, and super senior citizens
- SBI Amrit Vrishti and Bank of Baroda Square Drive FDs provide competitive returns with relatively shorter tenures of 444 days.
- Investors should compare interest rates, tenure, liquidity needs, and premature withdrawal conditions before investing.
- Senior and super senior citizens can benefit from the additional interest rate offered by most banks.
Written By Ameet S
