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% |