Federal Bank FD Interest Rates

Fixed deposits are great investment options as they offer safety and assured returns to the depositor. Federal Bank offers FDs at competitive interest rates with flexible tenures to individuals, joint depositors, minors, joint stock companies, sole proprietors, clubs, associations and other entities.

The Federal Bank FD rates range from 3.00% to 7.75% p.a. for regular citizens on deposits of less than ₹2 Crores. Senior citizens also get special benefits of higher interest rates and no charges on premature withdrawal. Invest in a Federal Bank FD and get the best returns on your chosen tenure.

Federal Bank FD Rates (Below 2 Crores)

The following table shows the Federal Bank fixed deposit interest rate on various tenures for deposits below Rs. 2 crores.

Federal Bank Fixed Deposit Rates (Above 2 Crores – Withdrawable)

Federal Bank also offers withdrawable bulk fixed deposits for investment amounts of ₹2 crores above.
The following table displays the Federal Bank FD interest rates applicable to various FD tenures for deposita of ₹2 Crores to ₹5 Crores:

Federal Bank FD Calculator

Calculate your Federal Bank FD interest rates and maturity amount with the help of the Federal Bank FD calculator. It is a convenient tool to use to get an estimate of your potential gains from an investment.

Federal Bank Senior Citizen FD Rates (Below ₹2 Crores)

Federal Bank offers its senior citizens 0.50% extra interest rate on top of the normal rates. The table below shows the Federal Bank FD interest rate for senior citizens on deposits of below ₹2 Crores:

Federal Bank Tax Saving FD

The Federal Bank offers Tax Saving FD accounts to all eligible depositors. The account offers tax benefits under Section 80C of the Income Tax Act, 1961. The Federal Bank tax saver FD interest rate is given below:

Federal Bank Fixed Deposit Rates (Above 2 Crores – Non-Withdrawable)

Federal Bank offers depositors non-callable or non-withdrawable FDs for bulk deposits of ₹2 crores above. The FD rates of Federal Bank for ₹2 crores to 150 crores is given below:

Federal Bank FD Rates for NRI

Federal Bank offers saving opportunities for Non-resident Indians (NRI) in the form of NRE, FCNR (B) and RFC accounts. The Federal Bank FD interest rates for each account are given in the tables below.

Federal Bank NRE FD Interest Rates (Below 2 Crores)

Federal Bank offers NRE accounts for deposits of under 2 Crores and bulk deposits of above 2 Crores. Making it a reliable high interest yielding account for NRIs to invest in. The Federal Bank NRE FD rates for accounts on deposits of below 2 Crores are:

Federal Bank NRE Rates (Above ₹2 Crores – Withdrawable)

NRIs can also deposit more than ₹2 Crores into an NRE account, the Federal Bank NRE FD interest rates for withdrawable bulk deposits of ₹2 Crores to ₹24.75 Crores are given below:

Federal Bank NRE FD Rates (Above ₹2 Crores – Non-Withdrawable )

Federal Bank also offers a non-withdrawable option for NRE deposits of above ₹2 Crores, the interest rate as applicable to various tenures are:

Federal Bank FCNR Interest Rates

FCNR (B) accounts in Federal Bank are available for the following currencies;
American Dollars (USD), Great British Pounds (GBP), European pounds (EURO), Japanese YEN, Canadian dollars (CAD), Australian dollars (AUD), Swiss franc (CHF), New Zealand dollars (NZD), Singapore dollar (SGD) and Hong Kong dollars (HKD).

The Federal Bank FCNR (B) rates for USD are as follows:

The Federal Bank fixed deposit rates of FCNR (B) accounts for GBP, EURO, YEN, CAD and AUD are as follows:

The Federal Bank FD interest rates of FCNR (B) accounts for CHF, NZD, SGD, and HKD are as follows:

Federal Bank RFC Interest Rates

RFC accounts are also available for investment by NRIs, the accounts are available for American Dollars (USD), Great British Pounds (GBP), European pounds (EURO), Japanese YEN, Canadian dollars (CAD), Australian dollars (AUD), Swiss franc (CHF), New Zealand dollars (NZD), Singapore dollar (SGD) and Hong Kong dollars (HKD)

The Federal Bank RFC interest rate are:

The Federal Bank FD RFC rates for GBP, EURO, YEN, CAD, AUD,CHF, NZD, SGD, HKD are given in the table below:

Features & Benefits of Federal Bank Fixed Deposit

The features and benefits offered by Federal Bank FD are:

• The minimum deposit amount for Federal Bank FD is ₹1000.
• The tenure for Federal Bank FD plans start from 7 days to 10 years.
• Depositors can avail loan against their FDs for up to 90% of their deposit amount.
• Individuals, Corporates, HUFs, Senior Citizens, Trusts, Firms, etc have the benefit of adding a nominee.
• Auto-renewal facility is available.

Federal Bank FD Account Eligibility

The eligibility criteria for opening a Federal Bank FD account are as follows:

• Individuals
• Joint depositors
• Hindu Undivided Family
• Non-resident Indians
• Proprietorship
• Firms
• Clubs
• Associations
• Joint stock companies
• Institutions
• Entities allowed by the RBI

Documents Required to Open Federal Bank FD

Minimal documents are required to open a Federal Bank FD, these are:

• KYC documents: Voter ID, PAN card, Passport, Driving licence, Photo ration card, Government ID cards, Senior citizen ID.
• Proof of address: Electricity bill, Telephone bill, Bank statement with cheque.
• Passport size photograph
• Application form

Premature Closure of Federal Bank Fixed Deposit

The Federal Bank fixed deposit withdrawal can be done prematurely, however, it attracts a penalty of 1% if the tenure for deposits is more than 15 days. Deposits under ₹2 crores with a tenure of below 15 days will not be given a penalty. Premature withdrawal on NRE deposits by Federal Bank will attract a penalty of 1% for all deposit amounts.

Types of Federal Bank Fixed Deposits

The fixed deposit accounts offered by Federal Banks consists of various types, these are:

• Regular Fixed Deposit: With a Federal Bank regular fixed deposit, you can get assured returns on your savings. This deposit is available to all individuals, minors, joint account holders, corporations, companies, etc. The features are:
  • Start investing with a minimum amount of ₹1000.
  • You can choose an investment period between 7 days to 10 years.
  • Loan facility of up to 90% the deposit amount is available
  • Depositors can nominate their close friends or family for smooth account transfer in case of unexpected circumstances.
  • Automatic renewal facility is available.
  • Depositors who do not choose auto-renewal will get their principal and interest amount credited to their savings account.
  • Premature withdrawal is allowed but will attract a penalty.

• Federal Tax Saving Deposit: This Federal Bank tax saver fixed deposit account is perfect for individuals and HUFs who are eligible for taxes. As the account offers tax benefits under Section 80C of the Income Tax Act, 1961. The features of the account are as follows:
  • The minimum investment amount is ₹100 and the maximum amount is ₹1.5 lakhs.
  • In case of joint accounts, tax benefits will only be applicable to the first account holder.
  • The lock-in period for the account is 5 years.
  • Premature withdrawal is not allowed.
  • Loan facility is not available.