Fed Flexi Smart Saver RD 2025

  The Fed Flexi Smart Saver Recurring Deposit (RD) from Federal Bank is a unique and flexible savings option designed especially for Non-Resident Indians (NRIs). One of its key advantages is the flexibility it offers in monthly contributions—you can remit the installment on any day within the month rather than being tied to a fixed due date.  

Updated On - 05 Sep 2025
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Fed Flexi Smart SaverRD is a type of recurring deposit scheme that has been designed for the NRI customers of the bank. This scheme is a variable scheme, which means that customers can deposit varying instalments every month. It does not even have a fixed due date for making instalment payments.

Eligibility Criteria:

Fed Flexi Smart SaverRD account can be opened by NRIs only.

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Features of Fed Flexi Smart Saver Recurring Deposit 2025

  1. The Fed Flexi Smart Saver RD scheme is flexible and does not have a fixed due date for monthly instalments. Depositors can choose to pay their instalments on any date of the month.
  2. People can choose the core amount (initial deposit). The deposit has to be in multiples of Re.1.
  3. This scheme does not charge penalty for pre-closure of the account.
  4. The minimum deposit tenure for this scheme is 12 months and the maximum deposit tenure is 60 months. If the account is closed before 12 months are over, the depositor will not earn any interest. If depositors are unable to remit any amount for 3 months, then the account will be deactivated.
  5. Depositors can avail a loan against this account. They can take a loan of up to 90% of the deposited amount.
  6. This scheme is 100% free of tax.
  7. The scheme has a passbook facility.
  8. Depositors can track this account using their Fed Net-Internet banking service.
  9. Depositors can transfer funds to their Fed Flexi Smart SaverRD account using FedNet.

How to Apply for Fed Flexi Smart Saver RD

To apply for Fed Flexi Smart Saver RD account, you can leave your contact details on the website of Federal Bank and the representatives will get in touch with you. You can also contact the overseas representative office of the bank.

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