Federal Bank Revises Interest Rates On FD: Now Get Up To 6.25%
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Federal Bank Resident Term Deposits Interest Rates
On single term deposits of less than Rs 2 Cr, regular customers and senior citizens will now get the following interest rates on their deposits maturing in 7 days to 5 years and above.
| Tenure | Regular Interest Rates (p.a.) | Senior Citizens (p.a.) |
|---|---|---|
| 7 days to 29 days | 2.50% | 3.00% |
| 30 days to 45 days | 2.75% | 3.25% |
| 46 days to 90 days | 3.00% | 3.50% |
| 91 days to 180 days | 3.75% | 4.25% |
| 181 days to 270 days | 4.00% | 4.50% |
| 271 days to less than 1 year | 4.40% | 4.90% |
| 1 year | 5.10% | 5.60% |
| Above 1 year to less than 16 Months | 5.00% | 5.50% |
| 16 Months | 5.25% | 5.75% |
| Above 16 months to less than 2 years | 5.00% | 5.50% |
| 2 years to less than 5 years | 5.35% | 5.85% |
| 5 years and above | 5.60% | 6.25% |
| Source: Bank Website. W.e.f 17/11/2021 |
Federal Bank NRE Term Deposits Interest Rates
On NRE term deposits of Rs.2 crore and above, Federal Bank is providing the following interest rates which are in effect from 16/11/2021.
| Period | Deposit of Rs.2 crore to Rs.5 crore | Deposit of above Rs.5 crore to Rs.25 crore | Deposit of above Rs.25 crore to Rs.50 crore | Deposit of above Rs.50 crore |
|---|---|---|---|---|
| 1 year | 4.25% | 4.25% | 4.25% | 4.25% |
| Above 1 year to 20 months | 4.25% | 4.25% | 4.25% | 4.25% |
| Above 20 months to 2 years | 4.75% | 4.75% | 4.75% | 4.75% |
| Above 2 years to 3 years | 4.75% | 4.75% | 4.75% | 4.75% |
| Above 3 years to 5 years | 4.75% | 4.75% | 4.75% | 4.75% |
| Above 5 years | 4.75% | 4.75% | 4.75% | 4.75% |
| Source: Bank Website. W.e.f 16/11/2021 |
Federal Bank Deposit Plus Interest Rates
Federal Bank also offers a Deposit Plus account to its resident Indian citizens, which requires a minimum deposit amount of Rs 15,00,001 and is only available as a cash certificate or fixed deposit. There is no option for premature withdrawal on these deposits, and the senior citizen rate is only applicable on deposits of less than Rs 200 lakhs. The bank has also modified the interest rates on these deposits, which are in force from 17th November 2021.
| Period | General Public | Senior Citizen |
|---|---|---|
| 1 year | 5.15% | 5.65% |
| Above 1 year to less than 16 months | 5.05% | 5.55% |
| 16 months | 5.35% | 5.85% |
| Above 16 months to less than 2 years | 5.05% | 5.55% |
| 2 years to less than 5 Years | 5.40% | 5.90% |
| 5 Years | 5.65% | 6.30% |
| Source: Bank Website. W.e.f 17/11/2021 |
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