Federal Bank Fixed Deposit Interest Rates

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.

Features of Federal Bank Fixed Deposit Interest Rates

Here are the details of Federal Bank FD Interest Rates:

  • Resident term deposit rates also apply to Federal Savings Fund, NRO FDs, Tax Saving Deposits, and Resident Cash Certificate
  • The minimum tenure required to earn the interest is 7 days
  • ONR accounts do not come with preferential rates for senior citizens
  • There is no premature withdrawal penalty for a single deposit of less than Rs. 2 crores if the tenure is up to and including 90 days. But 1% penalty is applicable if the same conditions apply to a single deposit of Rs. 2 crores and above
  • The penalty is 1% on premature withdrawal for resident term deposits of over 90 days
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%

Federal Bank NRE Deposit Interest Rates

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%

Frequently Asked Questions about Federal Bank FD Rates

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:

  • For regular customers, the rate is 5.15% if the FD tenure is 1 year
  • The same is 5.05% for tenure over 1 year and less than 16 months and over 16 months but less than 2 years
  • The rate is 5.35% for 16 months tenure
  • The interest rate is 5.40% and 5.45% for tenure 2 years to less than 3 years and 3 years to less than 5 years, respectively
  • The rate is 5.65% for a tenure of 5 years

The rates mentioned here are for a single deposit of less than Rs. 200 lakhs:

  • For regular customers, the rate is 5.65% if the FD tenure is 1 year
  • The same is 5.55% for tenure over 1 year and less than 16 months and over 16 months but less than 2 years
  • The rate is 5.85% for 16 months tenure
  • The interest rate is 5.90% and 5.95% for tenure 2 years to less than 3 years and 3 years to less than 5 years, respectively
  • The rate is 6.30% for a tenure of 5 years

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% - -
×