If you’re looking to grow your savings with guaranteed returns, Fixed Deposits (FDs) remain one of the most trusted and secure investment options in India. And recently, some banks are offering excellent interest rates on 777-day fixed deposits, allowing investors to earn returns as high as ₹95,000 over this period.
Whether you’re a conservative saver or a cautious professional looking for short-to-midterm investment vehicles, a 777-day FD with high interest might be exactly what you need. In this guide, we break down which banks are currently offering these schemes, how the math works, and how you can take advantage of these offers today.
Best FDs for 777 Days
| Feature | Details |
|---|---|
| Investment Tenure | 777 days |
| Best FD Interest Rate | Up to 7.50% per annum |
| Expected Return | Approx. ₹95,000 on ₹1 lakh investment |
| Best Banks for 777-Day FD | Federal Bank, IDFC FIRST Bank, IndusInd Bank, Bandhan Bank |
| Eligibility | Indian residents, NRI (for NRE/NRO FDs), senior citizens (extra interest) |
| Senior Citizen Bonus | Up to 0.50% additional interest |
| Risk Level | Low (FDs are insured up to ₹5 lakh by DICGC) |
The 777-day FD schemes from top banks like Federal Bank, IDFC FIRST Bank, and Bandhan Bank offer a smart and secure way to earn fixed returns, especially if you want to park your money for around 2 years. With returns close to ₹95,000 on a ₹1 lakh investment, these FDs offer great value for both new investors and seasoned savers.
What Is a 777-Day Fixed Deposit?
A 777-day fixed deposit is a term deposit where your money is locked in for exactly 777 days. During this period, the bank pays you a pre-decided rate of interest, which is compounded and added to your investment. At maturity, you get your initial deposit + interest earned, which in this case could total ₹95,000 or more, depending on the bank and deposit amount.
Why 777 Days?
This specific tenure is often part of special FD schemes banks launch to attract new deposits. These schemes typically offer higher interest rates than regular 1-year or 2-year FDs.
see also: Cheque Bounce: Know How Much Will Be the Punishment and Fine
Banks Offering the Best Interest Rates on 777-Day FDs
Here are some banks that currently offer competitive interest rates on 777-day fixed deposits:
1. Federal Bank
- Interest Rate: 7.40% p.a.
- Senior Citizen Rate: 7.90% p.a.
- Investment Needed for ₹95,000 Return: ₹1 lakh (approx)
This private-sector bank offers a high-yield special FD for 777 days. It’s one of the top picks if you’re looking for stability and returns combined.
2. IDFC FIRST Bank
- Interest Rate: 7.75% p.a.
- Senior Citizen Rate: 8.25% p.a.
- Return: Approx. ₹96,000 on ₹1 lakh investment
With strong digital banking services and attractive interest rates, IDFC FIRST Bank is a great option for young investors and retirees alike.
3. IndusInd Bank
- Interest Rate: 7.60% p.a.
- Senior Citizen Rate: 8.10% p.a.
- Features: Early withdrawal flexibility and online FD booking
IndusInd Bank’s offering is attractive for those seeking digital access and a bit more flexibility with their term deposits.
4. Bandhan Bank
- Interest Rate: 7.85% p.a.
- Senior Citizen Rate: 8.35% p.a.
- Return: Above ₹95,000 on ₹1 lakh deposit
Bandhan Bank offers one of the highest interest rates in this category, especially for senior citizens.
How Much Should You Invest to Get ₹95,000 in 777 Days?
Let’s break it down with an example using an FD calculator:
For General Citizens
- Investment: ₹1,00,000
- Interest Rate: 7.40% p.a.
- Tenure: 777 days
- Maturity Amount: ₹95,000 – ₹96,000 (approx)
For Senior Citizens
- Investment: ₹95,000 – ₹98,000
- Interest Rate: 8.10% – 8.35%
- Maturity Amount: ₹1,00,000+
Should You Go for a 777-Day FD? Pros and Cons
Pros
- High fixed returns compared to regular FDs
- Capital protection with DICGC insurance up to ₹5 lakh
- Easy to open online in minutes
- Better rates for senior citizens
Cons
- Premature withdrawal penalties
- Inflation may eat into real returns
- Locked-in funds (no liquidity unless broken early)
Step-by-Step Guide to Open a 777-Day FD
Step 1: Choose Your Bank
Pick a bank offering high interest and a good customer service record. Compare interest rates across Federal Bank, IDFC FIRST Bank, and others.
Step 2: Use an FD Calculator
Check the expected return using official bank tools or calculators.
Step 3: Complete KYC (if not existing customer)
You’ll need:
- Aadhaar Card
- PAN Card
- Mobile number linked with bank account
Step 4: Open FD Online or Visit Branch
Most banks now allow online FD booking via net banking or mobile apps. Alternatively, you can walk into a branch.
Step 5: Choose Interest Payout Option
You can opt for:
- Cumulative FD (interest paid at maturity)
- Non-cumulative FD (monthly/quarterly interest)
Taxation on FD Interest
- Interest earned on FD is fully taxable under “Income from Other Sources.”
- TDS (Tax Deducted at Source) is applied at 10% if interest exceeds ₹40,000 (₹50,000 for seniors).
- Submit Form 15G/15H to avoid TDS if you’re below the taxable limit.
see also: Deposit ₹50,000 Every Year in Post Office’s PPF Scheme
These Banks Are Giving Good Interest on FD FAQs
Q. Is 777-day FD better than a 1-year FD?
Yes, because banks usually offer special high rates on 777-day FDs compared to 1-year ones.
Q. Are these FDs safe?
Yes. All bank FDs are insured up to ₹5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC).
Q. Can I break the FD early?
Yes, but there may be a penalty on interest earned. Check your bank’s policy before withdrawing early.
Q. Who gets higher interest rates?
Senior citizens usually get an extra 0.50% interest on most bank FDs.
Q. How do I calculate exact returns?
Use official tools like:
- ICICI FD Calculator
- HDFC FD Calculator
