Looking for a safe investment with high returns? The latest buzz in the financial world is the 777 days Fixed Deposit (FD) scheme offered by several top Indian banks. With returns as high as ₹ 95,000 on a ₹5 lakh investment, this special FD tenure is gaining serious traction among both regular investors and senior citizens.
Great Offer from Banks on 777 Days FD
| Feature | Details |
|---|---|
| FD Tenure | 777 days |
| Top Interest Rate | Up to 7.90% (Senior Citizens at Federal Bank) |
| Best Return | Up to ₹ 95,000 on ₹5 lakh investment |
| Banks Offering Scheme | Punjab & Sind Bank, Federal Bank, Central Bank of India, Bank of India |
| Eligibility | Indian Residents, Senior Citizens get extra benefit |
The 777 days FD scheme is an excellent opportunity for Indian investors looking to earn higher-than-usual interest with low risk. With leading banks offering up to 7.90% interest, this plan is ideal for senior citizens and risk-averse individuals. But don’t wait too long—most of these special offers are valid for a limited time only.
Why 777 Days FD is the Talk of the Town
The 777-day FD scheme is a limited-period special deposit plan offered by banks to attract mid-term depositors. What makes it stand out is the higher-than-usual interest rate, especially for senior citizens.
Most standard FDs in India offer 6.5% to 7% interest. But under the 777-day special plan, some banks are offering up to 7.90%, which is more than some long-term FDs or even certain mutual funds. Let’s look at how different banks are offering this product.
see also: Become the Owner of ₹35 Lakhs by Depositing ₹35 Daily
Top Banks Offering 777 Days FD and Returns
1. Federal Bank
- General Public: 7.40% interest
- Senior Citizens: 7.90% interest
- Return on ₹5 Lakh: ₹5,90,000 approx. for seniors
2. Punjab & Sind Bank
- General Public: 7.20% interest
- Senior Citizens: 7.70% interest
- Return on ₹5 Lakh: ₹5,85,000 approx.
3. Central Bank of India
- General Public: 7.15% interest
- Senior Citizens: 7.65% interest
- Return on ₹5 Lakh: ₹5,84,000 approx.
4. Bank of India
- General Public: 6.75%
- Senior Citizens: 7.25%
- Return on ₹5 Lakh: ₹5,80,000 approx.
How Much Will You Earn with 777 Days FD?
Here’s a simple example:
- Investment: ₹5,00,000
- Interest Rate: 7.90% (Federal Bank for Seniors)
- Maturity Amount: ₹5,90,000
- Profit: ₹95,000
That’s a solid 19%+ absolute return in just a little over two years, without any market risk.
Who Should Invest in This FD Scheme?
Senior Citizens
They get extra 0.50% interest, which can be a safe and predictable income stream.
Conservative Investors
If you prefer safety over volatility, this is a great middle-term investment.
Parents Saving for Kids’ Education
In just over 2 years, your funds can grow significantly without locking in for 5-10 years.
How to Invest in 777 Days FD Scheme
Step 1: Choose Your Bank
Go for the one offering the best interest rate. Federal Bank currently leads.
पोस्ट ऑफिस FD स्कीम : 365 दिन की FD पर जबरदस्त ब्याज, निवेश करने से पहले जानें ये जानकारी
Step 2: Decide the Investment Amount
Minimum investment can be as low as ₹1,000, but higher amounts earn more.
Step 3: Choose Online or Offline Mode
You can book FDs through:
- Netbanking or Mobile App
- Visiting your nearest bank branch
Step 4: Submit KYC and PAN
You’ll need:
- Aadhaar
- PAN Card
- Address proof
Tax on FD Returns
FD interest is fully taxable under “Income from Other Sources.”
- TDS is deducted if interest exceeds ₹50,000/year (for senior citizens) and ₹40,000/year (others).
- Submit Form 15G/15H to avoid TDS if your income is below the taxable limit.
Pros and Cons of 777 Days FD
Advantages
- High returns in short-to-mid term
- Safety of capital (bank-insured up to ₹5 lakh)
- Easy to start online or offline
- Senior citizen benefit
Disadvantages
- Tax on interest
- Premature withdrawal penalty
- Lower flexibility than mutual funds
see also: Additional Tax Exemption is Available on Post Office Savings Account: Avail the Benefit
FAQs About 777 Days FD Scheme
Q1: Can I break the FD before 777 days?
Yes, but a penalty of 0.5%-1% interest rate reduction applies.
Q2: Is this scheme available for NRIs?
It depends on the bank. Check NRE/NRO FD options.
Q3: Will the interest rate remain fixed?
Yes, the rate is locked in when you open the FD, regardless of future changes.
Q4: What happens if I don’t withdraw after maturity?
It will be automatically renewed or transferred to your savings account, depending on bank policy.
