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Federal Bank FD Calculator

Calculate FD Returns

Investment Amount
₹ 
Investment Duration
Interest Rate
 %

After 5 years, you will have

₹ 15,105

that’s ₹ 5,105 earned as interest

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Note: All projections are based on historical averages. Learn More

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Federal Bank Fixed Deposit Features

Federal Bank Fixed Deposit offers investors high-interest rates at minimum risk. Following are some of the key features of a Federal Bank fixed deposit account:

Guaranteed Returns: Federal Bank fixed deposit schemes offer guaranteed income at a fixed interest rate.

Tenure: The tenure of Federal Bank FDs ranges from seven days to ten years.

Minimum Amount: The minimum amount to open a Federal Bank FD account is INR 1,000.

Maximum Amount: There is no limit on the maximum amount of investment in Federal Bank FD. However, for Federal Bank tax saving FD, the maximum investment is limited to INR 1.5 lakhs.

Federal Bank FD rates: The Federal Bank fixed deposit interest rate ranges between 2.5% to 5.5% p.a.

Senior Citizens FD Rate: Federal Bank offers preferential interest rates for senior citizen depositors. The Federal Bank FD rates range between 3% to 6%.

Safety: The Deposit Insurance Scheme insures the Federal Bank deposits up to INR 5,00,000.

Loan against FD: Federal Bank provides its depositors with a facility to avail a loan up to 90% of the deposit against their FDs. The bank provides loan only against fixed deposits and also cash certificate. A loan against the FD not only allows investors to meet their financial gaps and but also helps in meeting liquidity requirements without breaking Federal Bank FD.

Nomination Facility: Federal Bank depositors can nominate beneficiaries while opening the FD account.

Auto-Renewal: Federal Bank offers an auto-renewal facility of the fixed deposit account.

What is a Federal Bank FD Calculator?

Federal Bank FD Calculator is a simple online tool that helps in estimating the returns from an FD investment. Furthermore, FD calculator only requires simple inputs like investment amount, target amount, investment duration in years and interest rate. The output Federal Bank FD calculator provides aids in better financial planning.

However, one must understand that the Federal Bank FD Calculator only provides an estimation and doesn’t guarantee any returns. Also, the actual return might vary, and the exact maturity amount will be known only after one invested in Federal Bank FD.

How to use the Federal Bank FD Calculator?

Estimating potential returns is the first step towards making informed investment decisions. Also, knowing the potential returns along return percentage will help in understanding how much one can expect at the end of their investment tenure.  There are two ways one can estimate the returns from FD investment using Scripbox Federal Bank FD Calculator: investment amount approach and target amount approach.

Investment Amount Approach

Following are steps that you can follow to use the Federal Bank FD Calculator using the Investment Amount Approach:

  • Firstly, enter the investment amount that you intend to invest in the Federal Bank FD scheme.
  • Now, with the slider, adjust the desired tenure of the Federal Bank FD investment. For Federal Bank FD, the tenure usually varies from one to five years.
  • Then, use the slider to adjust the interest rate on the Federal Bank FD.
  • Next, select the compounding period for the Federal Bank fixed deposit investment. Choose the desired compounding option: monthly, quarterly, half-yearly or yearly. Compounding frequency determines the number of times interest gets compounded during the year. Therefore, the interest amount is computed based on this frequency. As a result, one should consider this carefully while choosing the compounding intervals.
  • Finally, select the appropriate option (yes or no) under the senior citizen’s section. Often, the interest rates are higher for senior citizen depositors.

After all the inputs are entered, the Federal Bank FD calculator automatically computes the interest and maturity amount. In the tabular format, the Federal Bank FD calculator shows the interest earned every year along with the yearly opening and closing balance. Alternatively, the graphical representation shows the growth of Federal bank FD investment over time (initial investment and maturity amount).  

Target Amount Approach

The target amount approach helps determine the amount that one should invest today to achieve their target amount on maturity from the Federal Bank FD investment. Following are the steps that one needs to follow to use the Federal Bank FD Calculator using the Target Amount Approach:

  • Firstly, select how you want to receive the interest from Federal Bank FD, as a regular income or in a lump sum.
  • Secondly, enter the target amount you want to receive from the Federal Bank FD investment.
  • Lastly, enter the duration, interest rate and compounding frequency that the Federal Bank FD offers. Also, select the appropriate option under the senior citizen section (yes or no). Often, the interest rates vary for senior citizen depositors.

The Federal Bank FD calculator estimates the investment amount needed to achieve the target and estimates the interest one might earn. Moreover, the Federal Bank FD Calculator shows a tabular representation of opening balance, interest earned and closing balance for each year.

Benefits of using Federal Bank FD Calculator

Following are the benefits of using Federal Bank FD Calculator:

  • The Federal Bank FD interest rates calculator helps in estimating the returns fast and aids in making well-informed investment decisions.
  • The interest amount from Federal Bank FD investment is affected by tenure, interest rate, compounding frequency, and investment amount. Therefore, one can use the Federal Bank FD calculator multiple times to see which factor affects returns the most and also compare the results.
  • There are multiple fixed deposits in the market that banks and NBFCs offer. Using the Federal Bank FD calculator, one can compare the maturity amount of different banks and NBFCs.
  • Using Scripbox’s Federal Bank FD Calculator, one can compare results with the returns from other investments as well. This helps in shortlisting the best suitable investment option for financial goals. For example, an investor who wants to compare the Federal Bank FD investment results with PPF can use the Scripbox PPF Calculator and Federal Bank FD Calculator.
  • The Scripbox Federal Bank FD calculator has two approaches, namely, the investment and target amount approach. Individuals who know how much they want to invest can choose the investment amount approach. While investors who know have a target amount that they wish to accumulate can use the target amount approach on the Federal Bank FD calculator.
  • The Federal Bank FD calculator provides results in graphical and tabular format. These representations clearly show the opening balance, interest earned, and closing balance for each year during the entire Federal Bank FD investment tenure. Hence investors can know how much balance is left in their Federal Bank FD after every interest payout.

How is Federal Bank FD Interest Calculated?

The interest amount from Federal Bank FD investment depends on a number of factors such as investment amount, tenure of the FD, compounding frequency, and the rate of interest. One can estimate the interest earned from Federal Bank FD using two methods: simple interest and compound interest. Let us understand the interest and maturity amount calculation using both methods with the help of an example.

Simple Interest on Fixed Deposit

Simple interest is the income that one earns for investing money for a predetermined period at a fixed interest rate.

Formula

Simple Interest = (P * R * T)/ 100

P- Principal amount

R- Interest rate of Federal Bank FD (%)

T- Tenure of the Federal Bank FD

Example

Mr Viraj wants to invest INR 25,000 for 4 years at an interest rate of 5.35% per annum.

For Mr Viraj, the principal amount (P) is INR 25,000, rate of interest (R) is 5.35%, and tenure (T) is 4 years.

Simple Interest = (INR 25,000 * 5.35 * 4 years)/ 100 = INR 5,350

Maturity Value = Investment + Simple Interest earned during the tenure of investment

= INR 25,000 + INR 5,350

= INR 30,350

Compound Interest on Fixed Deposit

Compound interest is the income that the investor earns on the investment amount and interest. One can earn interest on interest through the power of compounding. As a result, compounding is a powerful concept. The interest income from an investment will be higher when the number of compounding periods in a year is more. This, coupled with no interest payouts, will increase the wealth gained from an investment.

Formula

A = P (1+r/n) ^ (n * t)

A = Maturity amount

P = Principal Investment

r = Rate of interest (in decimals)

n = number of times interest is compounded

t = tenure in years

Example

Mr Viraj wants to invest INR 25,000 for four years at an interest rate of 5.35% per annum, compounded quarterly.

For Mr Viraj, the principal amount (P) is INR 25,000, rate of interest (r) is 5.35%, tenure (t) is four years, and the number of compounding periods is 4 (n)

Maturity Amount = 25,000 (1+0.0535/4) ^ (4*4)

A (maturity amount) = INR 30,921.67

Interest income = INR 30,921.67 – INR 25,000 = INR 5,921.67

Frequently Asked Questions

What is the FD interest rate in the Federal Bank?

The Federal Bank fixed deposit interest rate ranges between 2.5% to 5.5% p.a. Also, Federal Bank offers preferential interest rates for senior citizen depositors, ranging between 3% to 6%.

What is the highest fixed deposit interest rate for the Federal Bank?

The highest FD rate for Federal Bank is 5.5% for a regular investor for the tenure of 5 years and above. Also, for senior citizens, the highest Federal Bank FD interest rate is 6%.

Is federal bank India safe?

The Deposit Insurance Scheme insures the Federal Bank deposits up to INR 5,00,000. Hence Federal Bank fixed deposits are considered safe.

Does the Federal Bank provide a Loan against FD?

Federal Bank provides its depositors with a facility to avail a loan up to 90% of the deposit against their FDs. The bank provides loans only against fixed deposits and cash certificates. A loan against the FD not only allows investors to meet their financial gaps and but also helps in meeting liquidity requirements without breaking Federal Bank FD.

Is there a Premature withdrawal facility available with the Federal Bank?

The Federal Bank allows its investors to withdraw the deposit amount prematurely. However, the Federal Bank charges a penalty of 1% on the contracted interest rate for premature withdrawal. The terms and conditions of premature withdrawal vary as per the norms of the Federal Bank.

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