Fixed Deposit Details
Bank Name
Federal Bank
Eligibility
Any Resident individual either singly or jointly with others, Clubs, associations, Educational Institutions, Partnerships and joint stock companies and any other institutions, which are eligible to open a Resident Term Deposit, account as per Bank rules.
Interest Rate
6.85 to 7.55% per annum.
Tenure
12 months to 5 years.
Fixed Deposit Type
Non Callable
Deposit Plus (Non-callable Deposit)
Tax Benefits
None
Credit Ratings
CRISIL AA+
Interest Payment Frequency
Monthly /Quarterly. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit
Cummulative/Non-Cummulative
Cumulative
Features
- Minimum deposit amount: 1,00,00,001
- Minimum Period: 12 Months.
- Pre-closure is not allowed.
- Advance against deposit is available
Minimum Investment Amount
1,00,00,001
Features & Benefits
Pros
- High interest rates.
- Flexible interest payout options.
- No limit on the maximum deposit amount.
Cons
- Deposit tenure of 5 years only.
- High minimum deposit requirements.
Pros & Cons
How to Open?
- If you are having FedNet - Internet Banking account , please visit FedNet to open the deposit online.
- If you are having FedMobile , please login to the app & open a Recurring Deposit online.
- If you do not have Internet banking facility activated, please visit your branch for opening Federal Savings Fund deposit.
Product Review
About this content
Public source: Original MyRupaya page
Captured 2026-11-06T10:59:04Z. Public page text has been preserved and restyled. Historical financial/product information may be outdated. Embedded widgets and forms are not copied or connected to live services.
