Federal Bank Fixed Deposit Rates

Federal Bank offers the Fixed Deposit (FD) scheme at interest rates ranging from 2.50% p.a. to 5.60% p.a. The tenure of the FD account ranges between 7 days and 10 years. Apart from Indian residents, the bank offers the scheme for Non-Resident Indians (NRIs) as well. Senior citizens are offered an additional interest rate.

Federal Bank Fixed Deposit rates: Below Rs.2 crore

Tenure Interest Rate for General Public Interest Rate for Senior Citizens
7 days to 29 days 2.50% 3.00%
30 days to 45 days 2.75% 3.25%
46 days to 90 days 3.00% 3.50%
91 days to 180 days 3.75% 4.25%
181 days to 270 days 4.00% 4.50%
271 days to less than 1 year 4.40% 4.90%
1 year to less than 16 months 5.10% 5.60%
16 months 5.50% 6.00%
More than 16 months but less than 2 years 5.10% 5.60%
2 years but less than 5 years 5.35% 5.85%
5 years and above 5.60% 6.25%

*The Federal Bank Fixed Deposit interest rates tend to change at the discretion of the bank. The interest rates are valid as of 10 July 2021.

Federal Bank Fixed Deposit rates: Above Rs.2 crore

Tenure Rs.2 crore – Rs.5 crore Above Rs.5 crore – Rs.25 crore Above Rs.25 crore – Rs.50 crore Above Rs.50 crore
7 days – 14 days 2.50% 2.50% 2.50% 2.50%
15 days – 29 days 2.50% 2.50% 2.50% 2.50%
30 days – 45 days 2.75% 2.75% 2.75% 2.75%
46 days – 90 days 3.00% 3.00% 3.00% 3.00%
91 days – 12 days 3.25% 3.25% 3.25% 3.25%
121 days – 180 days 3.50% 3.50% 3.50% 3.50%
181 days – 270 days 3.75% 3.75% 3.75% 3.75%
271 days – 360 days 4.00% 4.00% 4.00% 4.00%
361 days – Less than 1 year 4.25% 4.25% 4.25% 4.25%
1 year 4.25% 4.25% 4.25% 4.25%
1 year 1 day – 370 days 4.25% 4.25% 4.25% 4.25%
371 days – 375 days 4.25% 4.25% 4.25% 4.25%
376 days – 380 days 4.25% 4.25% 4.25% 4.25%
381 days – 20 months 4.25% 4.25% 4.25% 4.25%
Above 20 months – 2 years 4.75% 4.75% 4.75% 4.75%
Above 2 years – 3 years 4.75% 4.75% 4.75% 4.75%
Above 3 years – 5 years 4.75% 4.75% 4.75% 4.75%
Above 5 years 4.75% 4.75% 4.75% 4.75%

*The Federal Bank Fixed Deposit interest rates tend to change at the discretion of the bank. The interest rates are valid as of 10 July 2021.

Federal Bank Tax Saving FD Rates

Loan Amount Rate of Interest
5 years 5.60

*The Federal Bank Fixed Deposit interest rates tend to change at the discretion of the bank. The interest rates are valid as of 10 July 2021.

Federal Bank NRI FD Rates

Federal Bank NRE FD Rates

Loan Amount Rate of Interest
1 year to less than 16 months 5.10%
16 months 5.50%
More than 16 months but less than 2 years 5.10%
2 years but less than 5 years 5.35%
5 years and above 5.60%

*The Federal Bank Fixed Deposit interest rates tend to change at the discretion of the bank. The interest rates are valid as of 10 July 2021.

Federal Bank Federal Bank FCNR Rates

The following table indicates the interest rates* applicable for specific foreign currencies i.e., US Dollar (USD), GBP (Pound Sterling), Euro (EURO), Japanese Yen (YEN), Canadian Dollar (CAD), Australian Dollar (AUD), Swiss Franc (CHF), New Zealand Dollar (NZD), Singapore Dollar (SGD) and Hong Kong Dollar (HKD):

Currency/ Tenure 1 year to below 2 years 2 years to below 3 years 3 years to below 4 years 4 years to below 5 years 5 years
USD 0.80% 0.94% 1.17% 1.34% 1.50%
GBP 0.77% 0.92% 0.89% 0.49% 0.92%
EURO 0.05% 0.05% 0.05% 0.05% 0.05%
YEN 0.05% 0.05% 0.05% 0.05% 0.05%
CAD 0.63% 0.89% 1.14% 1.36% 1.51%
AUD 0.33% 0.49% 0.65% 0.88% 1.09%
CHF 0.14% NA NA NA NA
NZD 0.44% NA NA NA NA
SGD 0.71% 0.91% 1.17% 1.37% 1.38%
HKD 0.05% 0.14% 0.34% 0.54% 0.70%

*The interest rates are subject to change as per the discretion of the bank. The rates mentioned here are applicable as of 10 July 2021.

Features and Benefits of Federal Bank Fixed Deposit

The main benefits and features of the FD scheme offered by Federal Bank are mentioned below:

  • The tenure of the scheme ranges between 7 days and 10 years.
  • Up to 90% of the amount that is available in the FD account can be availed as a loan.
  • Nominations can be added.
  • Auto-renewal facility is provided.
  • There is no limit to the maximum amount that can be deposited.
  • The minimum deposit that must be made is Rs.1,000.

Eligibility Criteria

The below-mentioned individuals and entities can open an FD account with Federal Bank:

  • Any entity that has not been prohibited by the RBI
  • Joint stock companies
  • Firms
  • Associations/ Clubs
  • Proprietorships
  • Hindu Undivided Family
  • Joint accounts
  • Individuals

Documents Required

The list of documents that must be submitted in order to open an FD account are mentioned below:

  • Application form
  • PAN Card copy
  • Form 60 or 61 (in case PAN Card is not provided)
  • Passport-size photographs
  • Proof of identity
  • Proof of address
  • Applicable documents for companies, HUFs, proprietorships, companies, or partnership firms

Types of Federal Bank Fixed Deposit Schemes

The different types of FD schemes that are offered by Federal Bank are mentioned below:

FAQs on Federal Bank Fixed Deposit Rates

  1. Does Federal Bank provide the facility to add nominees to the FD scheme?

    Yes, Federal Bank provides the option to add nominees to the FD scheme.

  2. Is it possible to avail a loan against the FD scheme offered by Federal Bank?

    Yes, you can avail up to 90% of the amount that is available in the FD account as a loan.

  3. What is the minimum deposit that must be made to open an FD account?

    The minimum deposit that must be made to open an FD account with Federal Bank is Rs.1,000.

  4. Is there any limit to the maximum deposit that can be made?

    No, there is no limit to the maximum deposit that can be made in the FD account.

  5. Can joint accounts be opened?

    Yes, Federal Bank provides the facility to open joint accounts.

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