Federal Bank offers amazing rates against FD for senior citizens, as well as NRE/NRO citizens and domestic citizens. Avail amazing interest rates as provided by Federal Bank once you open a Federal Bank FD account.
Federal Bank FD Rates: What are Federal Bank FD Schemes?
There are mainly four kinds of Federal Bank FD schemes. They are as follows:
Regular Federal Bank FD Scheme
- The minimum deposit amount for a regular Federal Bank fixed deposit is just Rs. 1000/- with no maximum amount.
- You may withdraw interest at set intervals, such as once a month, once every three months, or once a year.
- Federal Bank fixed deposit plans, like regular Federal Bank FD, feature an automatic renewal option. You have the option of choosing automatic renewals as well as monthly, biannual, quarterly, or annual interest payments.
- Regular Federal Bank FD has a minimum deposit period of 7 days and a maximum deposit period of 10 years.
- A loan against 90% of the FD amount can be applied.
Tax Saving Federal Bank FD
- The minimum deposit is one hundred rupees (Rs. 100), and there is a maximum deposit of one lakh fifty thousand rupees (Rs. 1,50,000).
- The Income Tax Act’s Section 80 C tax benefits are applicable. In a joint account, the first account holder receives tax benefits.
- A five-year lock-in period applies to deposits.
- Premature withdrawal or borrowing facilities are unavailable in this Federal Bank fixed deposit scheme.
Federal Bank FD Cash Certificate
- There is no maximum deposit amount and a minimum deposit of Rs. 1000.
- The minimum and maximum deposit terms are 6 months and 10 years, respectively.
- Facility for automatic renewal available.
- There will be quarterly compounding, reinvestment, and a restriction on early withdrawal of Federal Bank FD interest.
- 90% of the deposit amount can be up for loan option against Cash Certificate balances.
Federal Bank FD interest: Deposit Plus
- The minimum amount to be deposited is Rs. 15,00,001/-
- The minimum time is 12 months.
- Additional Federal Bank FD interest rates for senior citizens are applicable.
- Options for monthly and quarterly interest payments are available.
Federal Bank FD Rates 2023 < 2 crore
| Tenure | Interest rate – General | Interest rate – Senior citizen |
| 7 days – 29 days | 3.00% | 3.50% |
| 30 days – 45 days | 3.25% | 3.75% |
| 46 days – 60 days | 4.00% | 4.50% |
| 61 days – 119 days | 4.75% | 5.25% |
| 120 days – 180 days | 5.00% | 5.50% |
| 181 days – 270 days | 5.75% | 6.25% |
| 271 days – < 1 year | 6.00% | 6.50% |
| 1 year – < 15 months | 6.80% | 7.30% |
| 15 months – 2 years | 7.25% | 7.75% |
| Above 2 years – < 3 years | 6.75% | 7.25% |
| 3 years – < 5 years | 6.60% | 7.10% |
| 5 years and above | 6.60% | 7.25% |
Federal Bank FD Rates 2023 > 2 crore
| Period | Rs.2.00 Cr to Rs.2.25 Cr | Above Rs.2.25 Cr to Rs 2.50 Cr | Above Rs 2.50 Cr to Rs 4.75 Cr | Above Rs 4.75 Cr to Rs 5.00 Cr | Above Rs 5.00 Cr to Rs 24.75 Cr | Above Rs 24.75 Cr to Rs 25.00 Cr | Above Rs 25.00 Cr to Rs 49.75 Cr | Above Rs 49.75 Cr to Rs 50.00 Cr | Above Rs 50.00 Cr to Rs 150.00 Cr | Above Rs.150 Cr |
| 1 Year | 7.55% | 6.00% | 7.55% | 6.00% | 7.55% | 6.00% | 7.55% | 6.00% | 7.55% | 7.55% |
| 1 year 1 day to 15 months | 7.55% | 6.00% | 7.55% | 6.00% | 7.55% | 6.00% | 7.55% | 6.00% | 7.55% | 7.55% |
| Above 15 months to 18 months | 7.30% | 6.00% | 7.30% | 6.00% | 7.30% | 6.00% | 7.30% | 6.00% | 7.30% | 7.30% |
| Above 18 months to 2 years | 7.10% | 6.00% | 7.10% | 6.00% | 7.10% | 6.00% | 7.10% | 6.00% | 7.10% | 7.10% |
| Above 2 years to 3 years | 6.75% | 6.00% | 6.75% | 6.00% | 6.75% | 6.00% | 6.75% | 6.00% | 6.75% | 6.75% |
| Above 3 years to 5 years | 6.75% | 6.00% | 6.75% | 6.00% | 6.75% | 6.00% | 6.75% | 6.00% | 6.75% | 6.75% |
| Above 5 years | 6.50% | 6.00% | 6.50% | 6.00% | 6.50% | 6.00% | 6.50% | 6.00% | 6.50% | 6.50% |
Federal Bank FD Interest Rates for Senior Citizens
| Tenure | Senior citizen interest rate |
| 7 – 29 days | 3.00% |
| 30 – 45 days | 3.25% |
| 46 – 90 days | 3.50% |
| 91 – 180 days | 4.25% |
| 181 – 270 days | 4.50% |
| 271 – 364 days | 4.90% |
| 1 year – < 16 months | 5.60% |
| 16 months | 6.00% |
| 16 months 1 day – 1 year 11 months 29 days | 5.60% |
| 2 years – 4 years 364 days | 5.85% |
| 5 years and above | 6.25% |
Federal Bank NRE FD Rates
The following are the rates for Federal Bank fixed deposit schemes for NRI:
| Tenure | Interest Rate for General Public |
| 1 year – < 15 months | 6.80% |
| 15 months – 2 years | 7.25% |
| Above 2 years – < 3 years | 6.75% |
| 3 years and above | 6.60% |
Federal Bank FD Calculator
An efficient tool to quickly calculate the maturity amount and the interest due at the end of the policy’s term, the Federal Bank FD calculator is a seamless and hassle-free app. You can determine the correct FD amount by providing a few simple details. The steps an investor must take to compute Fixed Deposit rates using the Federal Bank FD calculator are as follows:
- The total sum invested
- Federal Bank FD rates offered
- The FD account’s term
- The compounding period, which might be monthly, quarterly, semi-annually, or annually
- The FD amount
An investor can find out the FD’s maturity value and the total interest received over the course of the entire term by entering the above-mentioned information.
The frequency of interest depends on the FD plan. Unlike fixed deposits, where interest is paid out on a quarterly, monthly, or as-needed basis, cash certificates pay the interest together with the principal at the time of maturity.
Yes, fixed deposits qualify for the nomination facility.
Yes. You can access early withdrawal from your fixed deposit if you require money right away. However, this feature is not available for tax-saving FD, where withdrawing is not allowed before maturity.
Yes, you will receive SMS and email notifications before and on the day that your deposit matures.
Yes, subject to limitations and conditions, you can obtain a loan against an FD. Based on your FD scheme, you can opt for loans.
