• Federal Bank Tax Saver Fixed Deposit

    Federal Bank offers a Tax Saver Fixed Deposit which you can invest in and also claim tax deductions. This is under Section 80C (Income Tax Act, 1961). Here are the main features of the Federal Bank Tax Saver Fixed Deposit.

    Interest Rates on Federal Bank Tax Saver Fixed Deposit

    Tenure Interest Rate (p.a.)
    5 years 5.60%

    Features of Federal Bank Tax Saver Fixed Deposit

    Minimum deposit amount Rs.100
    Minimum tenure 5 years
    Premature closure No
    Auto renewal No
    Transfer of deposit Yes, from one Federal Bank branch to another

    How to Open a Federal Bank Tax Saver Fixed Deposit Online

    You have to visit the bank branch to open a tax saver fixed deposit.

    Eligibility for Federal Bank Tax Saver Fixed Deposit

    Federal Bank offers the tax saver fixed deposit facility to:

    • Individuals
    • Trust
    • HUF (Hindu Undivided Family)
    • Partnership Firms
    • Body Corporate

    FAQs on Federal Bank Tax Saver Fixed Deposit

    1. Is TDS applicable?

      For a Federal Tax Saving Deposit, the TDS will be deducted from the interest that is credited to your account.

    2. Will my PAN be updated and linked to the fixed deposit?

      Your PAN number will be updated in your bank accounts automatically.

    3. Will I get a proof of investment?

      You can request the bank for a certificate and it will be issued to you.

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