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Federal Bank
upto
p.a.
Interest Rate (p. a.)
3% — 8%
Minimum Deposit
₹1,000
Maximum Deposit
₹5Cr
Lock-in Period
7 Days
Tenure
7 Days - 10 Years
Senior Citizens Interest Rate
Extra 0.50%
₹5,00,000.00
You'll gain ₹0.00 at an interest rate of % p.a. (compounded quarterly).
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Federal Bank Interest Rates (FD) Rates 2025
Explore competitive Fixed Deposit rates for both regular customers and senior citizens.
Disclaimer: Interest rates as of Mar 26, 2025.
About Federal Bank
Federal Bank is a premier bank satisfying the growing financial needs of India's population across urban and rural areas through a wide range of products under loan and deposit categories. The loan portfolio consists of personal loans, gold loans, housing loans, education loans, etc. At the same time, the bank serves the deposit needs of customers by providing them with savings accounts, current accounts, fixed deposits, recurring deposits and much more. With insurance, investments and credit cards, it becomes a complete banker.
Federal Bank FD Features and Benefits
Open a Federal Bank FD account with a minimum investment of INR 1,000.
There's no maximum investment amount limit.
Interest payout intervals - monthly, quarterly, half-yearly or annually.
Enjoy the automatic FD renewal facility.
Avail of the nomination facility.
Grab a loan of up to 90% of the FD amount.
Penalty on Premature Withdrawal
You can have financial emergencies and would require instant cash to deal with the same. You can thus make a premature withdrawal from your Federal Bank fixed deposit before the maturity period. However, it will incur a penalty at a specified rate. Let's check out the tables below for the premature withdrawal penalty rate.
Penal Interest on Premature Withdrawal
Tenure | Single Deposit of Less Than INR 3 Crore | Single Deposit of INR 3 Cr and Above |
Up to and Including 15 Days | 0% | 1% |
Above 15 Days | 1% | 1% |
Note - The penal interest is applied to the interest rate applicable for which the deposit is maintained with the bank.
Federal Bank FD Rates vs Other Bank FD Rates
Bank Name | FD Interest Rates (In p.a.) |
North East Small Finance Bank | 4.75%-9.00% |
Shivalik Small Finance Bank | 6.00%-8.55% |
Suryoday Small Finance Bank | 8.05%-8.60% |
Utkarsh Small Finance Bank | 8.00%-8.50% |
Federal Bank | 3.00%-7.50% |
South Indian Bank | 6.70%-7.40% |
State Bank of India (SBI) | 3.50%-7.25% |
ICICI Bank | 3.00%-7.40% |
Yes Bank | 3.25%-7.75% |
Axis Bank | 3.00%-7.51% |
Kotak Mahindra Bank | 2.75%-7.45% |
IndusInd Bank | 3.50%-7.99% |
HSBC Bank | 2.85%-7.50% |
Punjab National Bank (PNB) | 3.50%-7.25% |
Bank of Baroda (BoB) | 4.25%-7.88% |
Different Types of Federal Bank FD Schemes
Regular Fixed Deposit
It's a deposit account where you invest a specific sum for a period ranging from 7 days to 10 years.
The minimum amount required to open this deposit scheme is INR 1000.
There's no maximum amount limit for this fixed deposit plan.
Interest is withdrawable at any of the monthly, quarterly or annual intervals.
Interest payment intervals - monthly, quarterly, half-yearly or annual.
It offers automatic renewal and nomination facilities.
Grab a loan of up to 90% of the fixed deposit value.
Tax Savings Deposit Scheme
The minimum amount to open this account is INR 100.
Additional investments in multiples of INR 100 allowed up to INR 1,50,000 in a financial year.
Enjoy tax deductions of up to INR 1,50,000 in a financial year under Section 80C of the Income Tax Act.
Investors need to submit their PAN Card to open this account.
No loan facility is allowed for investors.
Deposit Plus
It's a bulk deposit account investors can open by investing a minimum of INR 1,00,00,001.
The minimum investment period is 12 months.
Avail of monthly or quarterly interest payout options.
Loan against a deposit is available.
Additional interest rate of 0.50% for senior citizens.
Cash Certificate
The minimum amount required to deposit is INR 1,000.
There's no maximum investment limit.
The minimum and maximum deposit period is 6 months and 10 years, respectively.
Grow your money using quarterly compounding interest.
Interest withdrawal is not allowed before the maturity period.
Automatic renewals and nominations are allowed.
Term-wise Federal Bank Fixed Deposit Rates
Federal Bank Short-term Interest Rates
Federal Bank offers interest rates of 3.00%-7.85% per annum on deposits up to a year.
Federal Bank Medium-term Interest Rates
Investors can earn on fixed deposits at 6.05%-8.00% per annum as per the bank's revised interest rates.
Federal Bank Long-term Interest Rates
Fixed deposits held for a period above 5 years to 10 years will fetch investors an interest rate of 6.05%-7.10% per annum.
How to Invest in Federal Bank FD?
You can invest the fixed deposit amount in Federal Bank using any of the following ways.
Internet Banking
Log in to Internet banking using your credentials.
Select 'Fixed Deposit' on the home page.
Choose the type of fixed deposit scheme you want to open.
Mention the interest payout frequency, deposit tenure, maturity instructions, payment amount, nomination details, etc.
Verify the details entered before clicking on 'Submit'.
After successful verification, the bank will email you the fixed deposit advice showing all the details.
Mobile Banking
Download the FedMobile app online.
Choose 'Fixed Deposit' under the 'Home' menu.
Select the fixed deposit scheme type.
Mention the interest payout frequency, deposit tenure, maturity instructions, payment amount, nomination details, etc.
Verify the details entered before clicking on 'Submit'.
After successful verification, the bank will email you the fixed deposit advice showing all the details.
Offline Method
Visit the nearest Federal Bank branch.
Ask the concerned bank official to hand you a fixed deposit account opening form.
Fill in the details such as your name, address, deposit amount & tenure, maturity instruction, besides selecting from interest reinvestment and interest payout options.
Hand over the duly filled and signed fixed deposit application form to the bank official.
Upon successful verification, you will receive an email about the opening of an FD account with Federal Bank.
Eligibility to Open a Federal Bank FD Account
The following are eligible to open a Federal Bank fixed deposit account.
Individuals - Singly or Jointly
Guardians on behalf of minor individuals
Hindu Undivided Families (HUFs)
Sole Proprietorship Firms
Joint stock companies
Clubs/Associations
Firms
Entities not prohibited by the RBI
Tax on Federal Bank Fixed Deposit
Federal Tax Savings Deposit comes with the following features -
It helps you gain tax deductions of up to INR 1.5 lakh in a financial year as per Section 80C of the Income Tax Act.'
The deductions apply to the amount invested in a financial year.
The minimum deposit amount required to open this tax saver FD account is INR 100.
You can invest a maximum of INR 1.5 lakh in a financial year.
A lock-in period of five years applies to this deposit account, so you cannot withdraw before five years.
You can't avail of a loan against this fixed deposit.
Investors need to submit a PAN Card for this deposit account.
Loan Against Federal Bank FD
You can also receive a loan against Federal Bank fixed deposit to meet your liquidity needs. Here are the features of the loan.
You can get a loan of up to 90% of the fixed deposit amount.
Loans are granted only when deposits are free of lien, encumbrance or restraint, and are not on the names of minors.
The bank does not charge any penal interest or processing fee for this loan.
You can obtain this loan by submitting fixed deposit receipts to the bank branch.
The bank offers the loan even when an investor gives a missed call or sends an SMS.
Other Bank Rates 2025
The race for higher interest rates on FDs is getting intense among the banks shown in the table below.
Suryoday SF Bank Interest Rates
Utkarsh Bank Interest Rates
Shivalik Bank Interest Rates
North East SF Bank Interest Rates
AU Small Finance Bank Interest Rates
IDFC First Bank Interest Rates
IndusInd Bank Interest Rates
Yes Bank Interest Rates
HSBC Bank Interest Rates
South Indian Bank Interest Rates
Canara Bank Interest Rates
Kotak Mahindra Bank Interest Rates
ICICI Bank Interest Rates
HDFC Bank Interest Rates
Punjab National Bank Interest Rates
DBS Bank Interest Rates
Bank of Baroda Interest Rates
Axis Bank Interest Rates
UCO Bank Interest Rates
IDBI Bank Interest Rates
Central Bank of India Interest Rates
State Bank of India Interest Rates
Bank of India Interest Rates
Barclays Bank Interest Rates
Frequently Asked Questions
1. Is it safe to do an FD in Federal Bank?
Federal Bank FDs are insured up to INR 5 lakh by the Deposit Insurance and Credit Guarantee Corporation of India (DICGC).
2. What is the current FD rate of Federal Bank?
The current FD rate of Federal Bank stands at 3.00%-8.00% per annum.
3. Is Federal Bank FD good?
Federal Bank, like other banks, have a range of banking products to serve your financial needs. Just compare its services with that of competing banks before deciding the right option.
4. What is the charge of FD closure in Federal Bank?
Single deposit of less than INR 3 crore for period up to 15 days will have no charges. Other than that, the bank will levy a 1% interest penalty.
5. What is Federal Bank monthly income scheme interest rate?
The monthly income scheme interest rate ranges from 3.00%-8.00% per annum.
6. What is sweep-in FD in Federal Bank?
Federal Bank offers sweep-in FD through its product - Sweep Plus Current Account where balances above INR 5 lakh will be transferred into a fixed deposit account for 181 days in multiples of INR 25,000. This allows you higher earnings and enhanced liquidity.
7. Can we break FD before maturity in Federal Bank?
Yes, you can break and FD before maturity in Federal Bank. It may, however, incur interest penalty charges.
8. How to open FD in Federal Bank?
You can open a fixed deposit in Federal Bank using Internet banking, mobile app or even at the bank branch.
9. How to break FD in Federal Bank?
You can break an FD online by clicking on the option 'Liquidate Fixed Deposit' or by submitting the premature withdrawal form to Federal Bank.
