Fixed Deposits|Federal Bank Fixed Deposit Rates-– Interest Rate, Calculator & Benefits

Fixed Deposit Details

Bank Name

Federal Bank

Eligibility

Individuals Individuals jointly with other Individuals For Minor Individuals by Guardian HUF Sole Proprietory concerns Clubs/Associations Firms Joint stock companies Any other entity not prohibited by RBI

Interest Rate

3 to 7.40% per annum.

Tenure

7 days to 10 years.

Fixed Deposit Type

Regular

Fixed Deposits

Tax Benefits

None

Credit Ratings

CRISIL AA+

Interest Payment Frequency

Monthly, Quarterly, Half-yearly, Annually. 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 of Rs 1000.
• There is no maximum limit for the maximum deposit amount.
• You can get a loan against Fixed deposits up to 90% of the deposit.
• The minimum deposit period of 7 days and the maximum deposit period is 10 years.

Minimum Investment Amount

1,000

Features & Benefits

Pros

• Flexible interest payout options.
• Minimum deposit amount of Rs 1,000.
• Loans against deposits are available.
• No limit on the maximum deposit amount.

Cons

• Low interest rates for some tenure options.

Pros & Cons

How to Open?

• Opening a fixed deposit is very easy. You can open the deposit either as online or offline.
• If you are having FedNet - Internet Banking account , please visit FedNet to open Cash Certificate online.
• If you do not have Internet banking facility activated, please visit your branch for opening the deposit.
• Open fixed deposit through our mobile banking application FedMobile .

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