|Tenure||Normal Citizen FD Rate||Senior Citizen FD Rate|
|7 days - 29 days||3%||3.5%|
|30 days - 1 month 14 days||3.25%||3.75%|
|1 month 15 days - 1 month 29 days||4%||4.5%|
|1 month 30 days - 3 months 28 days||4.75%||5.25%|
|3 months 29 days - 5 months 28 days||5%||5.5%|
|5 months 29 days - 8 months 26 days||5.75%||6.25%|
|8 months 27 days - 11 months 28 days||6%||6.5%|
|11 months 29 days - 1 year 28 days||6.8%||7.3%|
|1 year 29 days - 1 year 1 month 2 days||7.3%||7.8%|
|1 year 1 month 3 days - 1 year 1 month 3 days||7.4%||7.9%|
|1 year 1 month 4 days - 1 year 8 months 29 days||7.3%||7.8%|
|1 year 8 months 30 days - 1 year 11 months 28 days||6.75%||7.25%|
|1 year 11 months 29 days - 2 years 11 months 28 days||7.05%||7.55%|
|2 years 11 months 29 days - 4 years 11 months 27 days||6.6%||7.1%|
|4 years 11 months 28 days - 9 years 11 months 27 days||6.6%||7.25%|
Note: All interest rates shown above are as on 6th Nov 2023
Federal Bank was incorporated in 1931 as Travancore Federal Bank. Later in 1949, it was renamed as Federal Bank. The bank has a strong NRI customer base in the middle east. The bank has its headquarters in Kochi, Kerela. As of March 2022, Federal Bank has 1,282 branch offices across India and 1,885 ATMs. The total deposits as of March 2022 stood at INR 181,701 crores. Federal Bank’s Fixed Deposits have an A1+ Credit Rating.
3% - 7.4%
3.5% - 7.9%
FD Rate for Seniors
₹ 2 Crores
Loan against FD
|Investment Amount||For 3 years with interest of 6.6%||For 5 years with interest of 6.6%|
|₹ 50,000||₹ 60,915||₹ 69,486|
|₹ 1 lakh||₹ 1,21,830||₹ 1,38,971|
|₹ 2 lakh||₹ 2,43,660||₹ 2,77,942|
|₹ 5 lakh||₹ 6,09,151||₹ 6,94,856|
|₹ 10 lakh||₹ 12,18,301||₹ 13,89,711|
Use FD calculator to change values and compare your returns from top banks.
|Maturity Amount||₹ 1,07,016||₹ 1,07,763|
|Total Investment Amount||₹ 1,00,000||₹ 1,00,000|
|Total Interest Gained||₹7,016||₹ 7,763|
|Bank Name||FD Interest Rates|
|Kerala Gramin Bank FD||7.5% - 8%|
|Punjab and Sind Bank FD||6% - 6.5%|
|Ellaquai Dehati Bank FD||6.25% - 6.75%|
|Manipur Rural Bank FD||6.2% - 6.7%|
|Sarva Haryana Gramin Bank FD||6.75% - 7.25%|
|City Union Bank FD||6.5% - 6.75%|
|LIC Housing Finance FD||7.75% - 8%|
|Dhanlaxmi Bank FD||6.5% - 7%|
|Tamilnad Mercantile Bank FD||6.5% - 7%|
|Capital Small Finance Bank FD||7.15% - 7.65%|
Federal Bank offers multiple fixed deposits for various tenures with different interest rates to its investors. The interest rate on Federal Bank FDs is higher than their savings account. One can invest in Federal Bank FDs with just a minimum investment of INR 1,000.
Following are the types of FD schemes that Federal Bank offers:
The Federal Bank Fixed Deposit is a good investment option for those who wish to invest and get periodical income (interest). Following are the features of the scheme.
Cash certificate is a growth-oriented scheme. Also, the scheme is suitable for individuals looking to double their money in the shortest time at zero risks. Moreover, under this scheme, the interest is quarterly compounded and reinvested. Furthermore, the interest cannot be withdrawn until maturity. Following are the features of the scheme.
The Federal Tax Saving Deposit is a convenient and risk-free option that provides tax benefits to depositors. The deposits up to INR 1,50,000 per annum qualify for tax deduction under Section 80C of the Income Tax Act. Following are the features of the scheme.
The scheme allows systematic investments over a period of time and helps the depositors become millionaires on maturity. Also, this is a unique recurring deposit scheme. Furthermore, the scheme’s monthly deposit amount and the tenure vary based on the type of investment option. The millionaire deposit scheme has the following types of investment options: Millionaire Federal Savings Fund, Multi-Millionaire Federal Savings Fund and Crorepati Federal Savings Fund. Following are the features of the scheme:
Federal Bank’s Deposit Plus offers higher interest rates for your idle money than other normal deposits.
Federal bank green deposit is a fixed deposit account for a specific tenure. The deposit amount will be utilized for lending to green building projects, renewable energy projects, and projects in smart agri, waste or water management projects etc.
One can open a Federal Bank FD account through various modes such as Internet Banking, Mobile App and offline.
The following steps will help an individual to open a Federal Bank FD account through internet banking:
The following steps will guide in opening an FD account through Federal Bank Mobile App:
To open a Federal Bank FD account offline, one has to visit the nearest Federal Bank branch. Fill the Federal Bank FD application form and submit all the necessary documents along with the deposit amount. On successfully processing the application, Federal Bank will provide an FD receipt.
To open a fixed deposit account with Federal Bank, one needs the following documents:
To open an FD account with Federal Bank, one has to be eligible. Following are the individuals that are eligible to invest in Federal Bank FDs.
Only investment in Federal Bank Tax Saving FDs qualifies for tax saving up to INR 1,50,000 per annum. Investment in no other Federal Bank FDs qualifies for tax saving under Section 80C of the Income Tax Act. The interest income from Federal Bank FD is taxable as per the investor’s income tax slab rates. Moreover, the interest income is subject to a TDS of 10% if the income from Federal Bank FD exceeds INR 40,000 per annum. For senior citizens, the limit is INR 50,000 per annum. Also, if the investor doesn’t disclose PAN Card details to Federal Bank, then the TDS rate will be 20%.
What is the highest Federal Bank FD rate today?
What is the highest interest rate on Federal Bank 1 year FD scheme?
What is Federal Bank FD scheme interest rate for 5 years?
How many years FD will double in Federal Bank?
What is Federal Bank FD minimum deposit amount?
What is senior citizen fixed deposit interest rates in Federal Bank?
What are the available FD tenures in Federal Bank?
What is Federal Bank FD ROI for 10 lakh deposit for 1 year?
The interest from the Federal Bank FD calculator for 10 lakh deposit for 1 year will be INR 70,160. The maturity value will be INR 10,70,160. You can use Scripbox’s FD Calculator to determine the maturity value of your investment.
How to check the fixed deposit balance in Federal Bank?
How many FDs can be opened in Federal Bank?