Federal Bank RD Xtra Gain 2025

Documents Required for RD Xtra Gain Account

1. Copy of Passport as proof of identity.
2. Recent photograph (passport size).
3. Proof of Address.

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Eligibility Criteria of Federal Bank RD Xtra Gain

1. Existing RD account holders whose:
   
   1. Minimum monthly installment is Rs.1,000.
   2. Minimum tenure for RD is 24 months.
2. Existing RD account holders who have promptly remitted their recent 12 installments. These customers are eligible for taking the loan.
3. In case of loan, at the end of the tenure the maximum age of the borrowers should be 60 years or the age of retirement (whichever occurs first).
4. The spouse has to co-oblige in case of loan.

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RD Article Pages

1. Recurring Deposit Vs. Chit Fund
2. Miss to Pay the Recurring Deposit Due
3. Difference Between Recurring Deposit and SIP
4. Open RD Account through HDFC NetBanking
5. RD Account in SBI
6. Advantages of Recurring Deposit
7. Flexi RD
8. SBI Flexi RD Schemes
9. Monthly Recurring Deposit
10. Co-operative Bank Recurring Deposit
11. City Union Bank Recurring Deposit
12. Indian Bank Recurring Deposit
13. Union Bank Recurring Deposit
14. UCO Bank Recurring Deposit

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FAQs on Federal Bank RD Xtra Gain 2025

• What is the maximum amount of loan that I can avail against Federal Bank RD Xtra Gain?

  You can take a maximum amount of Rs.5 lakh as a loan against Federal Bank RD Xtra Gain, for a maximum loan tenure of 60 months. 

• What are the features of the Federal Bank RD Xtra Gain scheme?

  The RD Xtra Gain scheme by Federal Bank allows customers to save on a monthly basis and offers the option to avail of a loan against the recurring deposit after 12 months. Additional features include fixed loan amounts based on five years' RD instalments, minimal income proof requirements, the flexibility to cancel the RD after availing the loan, and eligibility for existing customers with good repayment history and average monthly balance. 

• What is the smallest amount that can be deposited into a recurring deposit account?

  The minimum amount that can be deposited into the recurring deposit account is Rs.50. 

• Is it mandatory to maintain the RD even after availing the loan against Federal Bank RD Xtra Gain?

  No, it is not mandatory to maintain the RD after availing the loan against Federal Bank RD Xtra Gain. You can also cancel the RD after availing yourself of the loan. 

• When can I take a loan against Federal Bank RD Xtra Gain?

  You can avail yourself of the loan against Federal Bank RD Xtra Gain after 12 months of opening the RD account. 

• Can I make prepayment of loan without penalty?

  Yes, you can make prepayment of loan without paying any penalty. 

• Is it possible to withdraw the interest before the account matures?

  No, you cannot withdraw the interest earned before the maturity of the RD account. 

• Is it feasible to modify the Recurring Deposit account's tenure?

  No, changing the tenure of recurring deposit account is possible once you set the tenure at the beginning while opening the account. 

• Can I contribute more money to the Recurring Deposit account?

  No, you cannot contribute more than the specified deposit amount to the recurring deposit account, as mentioned during opening of the RD account. 

• How does one go about opening a recurring deposit account?

  If you are an existing Federal Bank customer, then you can open a recurring deposit account using net banking. But if you are not, then first open a saving account to start an RD account at Federal Bank. 

• What documents are needed to start a recurring deposit account?

  To open an RD account, you need some of the basic documents, such as RD opening application form, photocopies of PAN card, and residential proof.