Federal Bank Latest FD Interest Rates

Federal Bank Latest Fixed Deposit Interest Rates

Resident Term Deposits

Interest rates for Resident Term Deposits effective from 30-10-2022

Period Single Deposit Less than ₹200 Lakhs – General Public Single Deposit Less than ₹200 Lakhs – Senior Citizen
7 days to 29 days 3.00% 3.50%
30 days to 45 days 3.25% 3.75%
46 days to 60 days 3.75% 4.25%
61 days to 90 days 4.00% 4.50%
91 days to 119 days 4.10% 4.60%
120 days to 180 days 4.25% 4.75%
181 days to 332 days 4.80% 5.30%
333 days 5.60% 6.10%
334 days to less than 1 year 4.80% 5.30%
20 months 6.10% 6.60%
Above 20 months to 699 days 5.60% 6.10%
1 year 5.60% 6.10%
Above 1 year to less than 20 months 5.60% 6.10%
700 Days 7.00% 7.50%
701 days to 749 days 5.75% 6.25%
750 days 6.50% 7.00%
751 days to less than 3 years 5.75% 6.25%
3 years to less than 5 years 6.00% 6.50%
5 years to 2221 days 6.00% 6.65%
2222 Days 6.20% 6.85%
Above 2222 days 6.00% 6.65%

Penalty for premature withdrawal of Rupee Term Deposits Opened/Renewed w.e.f 21.10.2022

 Revised Premature withdrawal penalty structure for Rupee Term deposits 

Period of Deposit* Single deposit of less than ₹2 Crore Single deposit of ₹2 Crore and above
Up to and including 15 days

0%

1%

Above 15 days

1%

1%

* Period for which the deposit is maintained with the Bank, irrespective of the contracted tenor. Deposits opened for a period of 2222 days will be treated as Green Deposits and these deposits will be exclusively used for funding Green loan portfolio.

Premature withdrawal penalty structure for Smart Deposit Scheme

Period of Deposit Penal Interest
Up to and including 90 days 0%
Above 90 days 1%

NRE FIXED DEPOSIT INTEREST RATES

Interest rates for NRE Fixed Deposits effective from 01-11-2022

Period Single Deposit Less than ₹200 Lakhs
1 year to less than 20 months 5.60%
20 months 6.10%
Above 20 months to 699 days 5.60%
700 days 7.00%
701 days to 749 days 5.75%
750 days 6.50%
751 days to less than 3 years 5.75%
3 years to 2221 days 6.00%
2222 Days 6.20%
2223 days and above 6.00%

 

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