Federal Bank's fixed deposit schemes offers attractive returns on deposits with competitive interest rates while ensuring the highest safety of your funds with easy liquidity as well. There are convenient investment tenures that range from 7 days to 5 years and above. Senior citizens are given an additional rate of interest of 0.50% across all tenures.
The following are the different types of Federal Bank fixed deposits:
These are the salient features of the resident term deposit scheme:
The key features of the Federal Bank Tax Savings Fixed Deposit scheme are given below:
Top Bank FD
The main features of the Federal Bank NRE Fixed Deposit scheme are as follows:
The following are the attractive features of the Federal Bank NRO Fixed Deposit scheme:
Federal Bank offers attractive interest rates on tenures starting from 7 days onwards. Senior citizens are offered 0.50% additional rate of interest. Effective from 17 December 2020, the Federal bank fd interest rates for deposits below Rs.2 crore range from 2.50% p.a. to 5.50% p.a. for tenures ranging from 7 days to 5 years and above.
The following entities are eligible to open a fixed deposit account with Federal Bank:
The minimum amount required to open an account under the Federal Fixed Deposit Scheme is Rs.1,000. There is no maximum cap on the amount a depositor can invest in a fixed deposit account with Federal Bank.
Yes, TDS is applicable on the interest accrued on Federal Bank fixed deposit accounts as per your income tax bracket.
You can open a fixed deposit account with Federal Bank either by using the internet banking facility or by visiting your nearest branch.
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