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  • Federal Bank RD Xtra Gain

    FEDERAL BANK RECURRING DEPOSIT
     5.0 / 5.0   by 5 users
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    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Federal Bank RD Xtra Gain is a two-in-one product. Apart from offering all the features and benefits of a regular recurring deposit scheme, it provides a loan as well.

    Eligibility Criteria:

    • Existing RD account holders whose:
      • Minimum monthly installment is Rs.1,000.
      • Minimum tenure for RD is 24 months.
    • Existing RD account holders who have promptly remitted their recent 12 installments. These customers are eligible for taking the loan.
    • 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).
    • The spouse has to co-oblige in case of loan.

    Features of Federal Bank RD Xtra Gain:

    • Federal Bank RD Xtra Gain account offers loan at any time after a period of 12 months.
    • The amount of loan is fixed and is based on the future 5 years RD installments.
    • Account holders can choose to discontinue the RD facility after availing the loan service.
    • Retail customers with good Average Monthly Balance and repayment history need a minimum of 6 prompt RD installments only to avail the loan.
    • The installment amount will remain the same even after the loan is provided.
    • This scheme is supported by more than 1000 branches of the bank.
    • Customers can repay the loan amount in installments or through one lump sum payment.
    • The scheme has competitive interest rates.
    • Guarantee or co-obligancy of 2 people is required for a loan of up to Rs.1 Lakh. Collateral security is required for a loan of more than Rs.1 Lakh.

    Documents Required for RD Xtra Gain Account:

    • Passport as proof of identity.
    • Recent photograph (passport size).
    • Proof of Address.
    Recurring Deposit by Banks
    Recurring Deposit by other Institutions

    Federal Bank RD Xtra Gain Reviews

  • Page 1 of 1
    • Federal Bank Recurring Deposit
      "Good for investment purposes"
      FEDERAL BANK
      0.5 5.0/5 "Blown Away!"
      I have a Recurring Deposit with Federal Bank. Since my salary account was with them, the customer service and responsiveness is very good. They offer preferential rates for women. Their online banking is user friendly. The tenure is for 10 years and I pay around Rs.5000 monthly.
      Was this review helpful? 5
      , new delhi
      Reviewed on Mar 28, 2016
    • Federal Bank Recurring Deposit
      "Highly Recommendable"
      FEDERAL BANK
      0.5 5.0/5 "Blown Away!"
      I took the recurring deposit by visiting the federal bank directly. The response was good for the application . I took the plan for 10 year we can withdraw the money any time without any charges. There is no activation fee. The minim amount to activate the deposit is Rs.500.
      Was this review helpful? 2
      , bangalore
      Reviewed on Feb 11, 2016
    • Federal Bank Recurring Deposit
      "Best"
      FEDERAL BANK
      0.5 5.0/5 "Blown Away!"
      I am having the recurring deposit with federal bank of india.The rate of interest as 6%.The minimum locking period is one year.The services are really made me happy.The customer service and the responsiveness are really best.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Jun 27, 2015
    • Federal Bank Recurring Deposit
      "Good "
      FEDERAL BANK
      0.5 4.0/5 "Great!"
      Federal bank Recurring Deposit is good. Manager is my friend because of which I have opened this deposit. I do have on-line access for this account. This account was opened at the Branch and all submitted was 2 photos, id and address proof. They took hardly 2 days of time to open this account.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Feb 13, 2015
    • Federal Bank Recurring Deposit
      "MILLIONAIR IN JUST 10 YEAR"
      FEDERAL BANK
      0.5 5.0/5 "Blown Away!"
      THIS SCHEME IS OUTSTANDING THEY HAVE LAUNCHED MILLIONAIR IN JUST 10 YEAR 5250 FOR 10 YEARS AND YOU WILL GET 1 MILLION RS WOW THIS IS PROMISED SCHEME AND I SHOULD SAY ALL SHOULD HAVE TAKE THIS BENEFIT OF RD THIS RD WILL GIVE YOU MUCH AMOUNT OF RS IN JUST SHORT TIME
      Was this review helpful? 1
      , rajkot
      Reviewed on Dec 02, 2014
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