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  • Federal Bank Recurring Deposit Interest Rates

     5.0 / 5.0   by 6 users
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    Promised Interest Rate

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    The rates below are for deposits of less than Rs. 100 lakhs. For deposits of Rs. 1 crore or more, please contact the bank for further details. The rates mentioned below are subject to change.

    PeriodLess than Rs.100 Lakhs %
    271 days to less than 1 year6.5
    1 year6.7
    Above 1 year to 2 years6.6
    Above 2 years to 1110 days6.5
    1111 days6.8
    1112 days and above6.5

    Get the Best Rates for a Federal Bank Recurring Deposit

    A recurring deposit scheme helps save small amounts of money every month in order to achieve your goals or future needs. Choose an amount and term according to your financial affordability and convenience. Deposit as low as Rs. 50, in multiples of Rs. 10 thereof. There is no maximum limit specified. Standing instructions can be made to automatically deduct the deposit amount every month from your savings account. Loan against deposit is also available. The minimum tenure for RDs is 6 months and is capped at 10 years. The interest rates offered on an RD depends on the term and amount of the deposit.

    Short term recurring deposits comprise of tenures between 9 months to less than 1 year. These deposits earn 6.50% per annum and for 1 year of deposit earns 6.70%. NRIs are not eligible to open short term deposits. The minimum term is 1 year for NRI accounts.

    Federal Bank Medium and Long Term Recurring Deposit Interest Rates

    For medium term deposits, customers can earn 7.15% per annum. Medium terms are above 1 year to less than 2 years. Long term deposits are taken for 2 years up to 1110 days, , only 1111 days tenure and 1112 days & above. These RDs earn 6.60% for the tenure of above 2 years to 1110 days and 6.80% for 1111 days, 6.50% interest per annum for 1112 days and above.

    Federal Bank Senior Citizen Recurring Deposit Interest Rates

    Senior citizens are entitled to 0.50% additional interest above the regular rate. This bonus is given regardless of the tenure. Senior citizens can earn 6.50% to 6.70% per annum on short term deposits. For deposits above 2 year and to 1110, the interest given is 6.50% per annum. Deposits made for 1112 days and above attract 6.50% per annum interest.

    Federal Bank NRE/NRO Recurring Deposit Interest Rates

    NRIs can open an RD scheme with Federal Bank for a period of 1 year minimum. Interest on a deposit made for less than 2 years earns 7.50% interest per annum. Deposits for 2 years and above earn 7.5% interest.

    More you need to know about Recurring Deposit

    Read More Articles On RD

    News About Federal Bank Recurring Deposit

    • Federal Bank Revises RD Interest Rates

      Federal Bank is one of the leading banks in India today. Recently, the bank decided to revise its recurring deposit interest rates. Depositors can now earn 7.15% p.a. for a tenure of 1 year to below 3 years. People who own a Federal Bank RD with a tenure of 3 years can earn an interest of 7.35% p.a. and people who own a RD with a tenure of more than 3 years can earn an interest rate of 7.1% p.a.

      1st December 2016

    • Federal Bank Revises Recurring Deposit Rates

      Federal Bank whose RD schemes are one of the most sought after investment products in the market, recently revised the interest rates. Federal Bank Recurring Deposit schemes are divided into three categories - for general customers, NRI customers and senior citizens. The bank’s general RD customers will now receive an interest rate of 7.5% per annum for tenures varying from 1 year to 10 years instead of 7.6% per annum. Senior citizens will receive an interest rate of 8% per annum instead of 8.1% per annum for RD tenures from 1 year to 10 years.

      For NRI customers, the interest rate for RD tenures ranging from 1 year to less than 2 years has been revised to 7.5% per annum from 7.6% per annum. Interest rate of Recurring Deposit for senior citizens for a tenure of 6 months to 364 days remains the same at 7.5% per annum. For general customers, the interest rate for recurring deposit tenures ranging from 6 months to 364 days remains unchanged at 7% per annum.

      2nd March 2016

    Recurring Deposit - Sitemap

    Federal Bank RD Rates Reviews

  • Page 1 of 1
    • Federal Bank Recurring Deposit
      "Prompt Service"
      FEDERAL BANK
      0.5 5.0/5 "Blown Away!"
      I do have recurring deposit with Federal bank. I forgot the interest rate for this RD account. But this is a long time process. I felt more comfortable in opening recurring account with federal because all my financial accounts are in this bank only. Till date the bank service is very prompt.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 23, 2017
    • 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? 7
      , 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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