Federal Bank offers FD interest rates of 3.00-7.40% p.a. to the general public and 3.50-7.90% p.a. to senior citizens on tenures ranging from 7 days to 5 years & above. The interest rate on Federal Bank Tax Saving FDs is 7.10% p.a. for the general public and 7.75% p.a. for senior citizen depositors for tenures of 5 years. The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, RFC, and FCNR(B) fixed deposits. Federal Bank accepts FCNR(B) fixed deposits in US Dollars (USD), British Pound (GBP), Euro (EURO), Japanese Yen (YEN), Australian Dollar (AUD), Swiss Franc (CHF), Canadian Dollar (CAD), New Zealand Dollar (NZD), Hong Kong dollar (HKD) and Singapore Dollar (SGD).
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Safe & Secure FD, Insured by RBI
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FD Starts from Rs 2000
Card Limit = 90% of FD
*Rates are subject to change as per the bank's discretion.
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Federal Bank FD Interest Rates (p.a.) Highlights 2024 |
|
| Highest slab rate | 7.40% (for 777 days; 50 months) |
| For 1 year | 7.00% |
| For 2 years | 7.15% |
| For 3 years | 7.10% |
| For 4 years | 7.10% |
| For 5 years | 7.10% |
| Tax-Saving FD | 6.60% |
The interest rates are updated as of 17 December 2024
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
| Period | Interest Rates (% p.a.) | |
| General Public | Senior Citizen | |
| 7 days to 29 days | 3.00 | 3.50 |
| 30 days to 45 days | 3.50 | 4.00 |
| 46 days to 180 days | 5.50 | 6.00 |
| 181 days | 6.50 | 7.00 |
| 182 days to 270 days | 6.25 | 6.75 |
| 271 days to less than 1 year | 6.50 | 7.00 |
| 1 year | 7.00 | 7.50 |
| Above 1 year to 399 days | 7.25 | 7.75 |
| 400 days | 7.35 | 7.85 |
| 401 days to less than 2 years | 7.25 | 7.75 |
| 2 years to 776 days | 7.15 | 7.65 |
| 777 days | 7.40 | 7.90 |
| 778 days to less than 3 years | 7.15 | 7.65 |
| 3 years to less than 50 months | 7.10 | 7.60 |
| 50 months | 7.40 | 7.90 |
| Above 50 months to less than 5 years | 7.10 | 7.60 |
| 5 years | 7.10 | 7.75 |
| 5 years and above | 6.60 | 7.25 |
Note: The tenure for NRE fixed deposit ranges from 1 year to above 5 years
Card limit is 90% of FD Amount
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6.5%INTEREST ON FD
| Particulars | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years | 7.10 | 7.75 |
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| Period | Interest Rates (% p.a.) | |
| USD | ||
| Less than 10 lakhs | 10 lakhs and above | |
| 1 year | 5.60 | 5.60 |
| 1 year 1 day | 5.75 | 6.10 |
| 1 year 2 days to less than 15 months | 5.50 | 5.50 |
| 15 months to less than 2 years | 5.00 | 5.00 |
| 2 years to less than 3 years | 4.60 | 4.60 |
| 3 years to less than 4 years | 4.00 | 4.00 |
| 4 years to less than 5 years | 3.75 | 3.75 |
| 5 years only | 3.40 | 3.40 |
| Period | Interest Rates (% p.a.) | ||||||||
| GBP | EURO | YEN | CAD | AUD | CHF | NZD | SGD | HKD | |
| 1 year to less than 15 months | 5.50 | 3.75 | 0.20 | 4.30 | 5.00 | 0.05 | 0.05 | 0.42 | 0.33 |
| 15 months to less than 2 years | 5.50 | 3.05 | 0.20 | 4.30 | 5.00 | ||||
| 2 years to less than 3 years | 4.80 | 2.65 | 0.20 | 3.80 | 4.60 | NA | NA | 0.84 | 0.72 |
| 3 years to less than 4 years | 4.00 | 2.00 | 0.20 | 3.30 | 4.00 | NA | NA | 0.78 | 0.74 |
| 4 years to less than 5 years | 3.50 | 1.75 | 0.10 | 3.20 | 3.60 | NA | NA | 0.78 | 0.65 |
| 5 years only | 3.00 | 1.70 | 0.10 | 2.85 | 3.60 | NA | NA | 0.80 | 0.57 |
| Period | Interest Rates (% p.a.) | |
| USD | ||
| Less than 10 lakhs | 10 lakhs and above | |
| 6 months to less than 1 year | 5.60 | 5.60 |
| 1 year | 5.60 | 5.60 |
| 1 year 1 day | 5.75 | 6.10 |
| 1 year 2 days to less than 15 months | 5.50 | 5.50 |
| 15 months to less than 2 years | 5.00 | 5.00 |
| 2 years to less than 3 years | 4.60 | 4.60 |
| 3 years only | 4.00 | 4.00 |
| Period | Interest Rates (% p.a.) | ||||||||
| GBP | EURO | YEN | CAD | AUD | CHF | NZD | SGD | HKD | |
| 6 months to less than 1 year | 5.50 | 3.75 | 0.20 | 4.30 | 5.00 | 0.05 | 0.05 | 0.42 | 0.33 |
| 1 year to less than 15 months | 5.50 | 3.75 | 0.20 | 4.30 | 5.00 | 0.05 | 0.05 | 0.42 | 0.33 |
| 1 year to less than 2 years | 5.50 | 3.05 | 0.20 | 4.30 | 5.00 | ||||
| 2 years to less than 3 years | 4.80 | 2.65 | 0.20 | 3.80 | 4.60 | NA | NA | 0.84 | 0.72 |
| 3 years only | 4.00 | 2.00 | 0.20 | 3.30 | 4.00 | NA | NA | 0.78 | 0.74 |
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Premature withdrawal penalty structure will be applicable for fixed deposits opened/renewed from 1 May 2021
| Tenure | Single deposit of less than Rs 2 Crore | Single deposit of Rs 2 Crore and above |
| Up to 90 days | 0% | 1% |
| Above 90 days | 1% | 1% |
Also Know: What is Premature Withdrawal on Fixed Deposits
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For any scheme provided by the bank, it is imperative to know the prevailing Federal Bank FD interest rates. This leads to more accurate estimation of returns one shall receive at the time of maturity. Using the FD calculator available at Paisabazaar.com can help customers get a better idea of this.
Using this calculator requires one to provide the deposit amount (principal) and FD tenure along with the current Federal Bank FD rates. Click on the “Calculate” button to check the potential maturity amount that the investor can earn if stay invested for the mentioned tenure at the Federal Bank FD rate provided.
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