Federal Bank Fixed Deposit Interest Rates | |
---|---|
Tenure | 7 days to 5 years and above |
Interest Rate | 2.50% to 5.60% for resident term deposits |
Premature Withdrawal | None to 1.00% |
Federal Bank Fixed Deposit Interest Rates for resident term deposits is 2.50% to 5.60% for the deposit amount of less than Rs. 200 lakhs for regular customers. For senior citizens, the rate is between 3.00 to 6.25%. NRE FD rates are between 5.00% to 5.65%. The rate of interest applicable depends on two major factors – the deposit amount and tenure. After which, the rate also depends on the age of the depositor and the type of FD. On premature withdrawal, the penalty may apply up to 1.00% on certain conditions.
In this post, we will discuss Federal Bank Fixed Deposit Interest Rate features, interest rate depending on the type of FD, terms, and conditions for premature withdrawal, and frequently asked questions.
Here are the details of Federal Bank FD Interest Rates:
Tenure | Single Deposit Less than ₹200 Lakhs – Regular Customers | Single Deposit Less than ₹200 Lakhs - Senior Citizens |
---|---|---|
7 days to 29 days | 2.50% | 3.00% |
30 days to 45 days | 3.00% | 3.50% |
46 days to 90 days | 3.25% | 3.75% |
91 days to 180 days | 3.75% | 4.25% |
181 days to 270 days | 4.25% | 4.75% |
271 days to less than 1 year | 4.40% | 4.90% |
1 year | 5.10% | 5.60% |
Over 1 year to less than 16 Months | 5.00% | 5.50% |
16 Months | 5.25% | 5.75% |
Over 16 months to less than 2 years | 5.00% | 5.50% |
2 years to less than 3 years | 5.35% | 5.85% |
3 years to less than 5 years | 5.40% | 5.90% |
5 years and over | 5.60% | 6.25% |
NRE customers can avail the benefit of attractive FD rates. But the Federal Bank does not offer additional rates for senior citizens. The minimum tenure to complete to earn the interest is 1 year. On premature withdrawal, a penalty of 1% is applicable, irrespective of the tenure of the FD and deposit amount.
Tenure | Single Deposit Less than ₹200 Lakhs |
---|---|
1 year | 5.10% |
Over 1 year to less than 16 Months | 5.00% |
16 Months | 5.25% |
Over 16 months to less than 2 years | 5.00% |
2 years to less than 3 years | 5.35% |
3 years to less than 5 years | 5.40% |
5 years and over | 5.60% |
Here are the Federal Bank Fixed Deposit Interest Rates:
This scheme is about resident term deposits. And there is no option for premature withdrawal here. The minimum deposit amount is Rs. 15,00,001. It is offered as an FD or cash certificate. No additional rate applies to staff. Preferential rates for senior citizens apply only if the deposit amount is less than Rs. 200 lakhs.
The rates mentioned here are for a single deposit of less than Rs. 200 lakhs:
The rates mentioned here are for a single deposit of less than Rs. 200 lakhs:
Here are the details:
Tenure | USD | EURO | CAD | GBP | YEN |
---|---|---|---|---|---|
1 year to less than 2 years | 1.08% | 0.05% | 0.54% | 1.40% | 0.05% |
2 years to less than 3 years | 1.51% | 0.05% | 1.60% | 1.76% | 0.05% |
3 years to less than 4 years | 1.73% | 0.05% | 1.82% | 1.88% | 0.05% |
4 years to less than 5 years | 1.84% | 0.05% | 1.88% | 1.89% | 0.05% |
5 Years only | 1.91% | 0.05% | 1.89% | 1.86% | 0.05% |
Here is the information:
Tenure | SGD | AUD | HKD | NZD | CHF |
---|---|---|---|---|---|
1 year to less than 2 years | 0.42% | 0.49% | 0.33% | 0.05% | 0.05% |
2 years to less than 3 years | 0.84% | 0.97% | 0.72% | - | - |
3 years to less than 4 years | 0.78% | 1.33% | 0.74% | - | - |
4 years to less than 5 years | 0.78% | 1.60% | 0.65% | - | - |
5 Years only | 0.80% | 1.72% | 0.57% | - | - |