Federal Bank FD Interest Rates | Federal Bank FD Rates For Senior Citizens | Federal Bank Revised Fixed Deposit Rate
The Federal bank is one of the most famous banks present in India and this Bank also provides a lot of fixed deposit opportunities for the customers so that they can get several benefits at the time of their maturity period. Given below, we are sharing some of the most important specifications related to the Federal Bank FD Interest Rates 2022. We will also share with you all the step-by-step procedures through which you will be able to buy the fixed deposit right now and we have also shared the table indicating the Federal Bank Revised Fixed Deposit Rate.
Table of Contents
Federal Bank FD Interest Rates 2022
A fixed deposit is a financial deposit product that will be offered at an interest rate higher than that of regular savings account if you make an investment in a fixed deposit then you will get a certain amount of money at a certain time period with a fixed interest read the customer will be provided interest each and every year until the fixed deposit reaches its maturity. Federal Bank offers a lot of interest rates available for the customers as per their future financial goals. You can also apply for the fixed deposit online by filling out the application form presented by the authorities.
Federal Bank Hikes Interest Rates on Fixed Deposit
In the latest announcement by the federal bank on 16th May 2022, there will be an increment in interest rates on fixed deposits of less than ₹2 crores across all tenors and on deposits maturing in 7 days to 2223 days and above, the general public would get an interest rate of 2.65 percent to 5.75 percent, while senior citizens will enjoy an interest rate of 3.15 percent to 6.40 percent. Previously, the interest rate was 2.5 percent on deposits maturing in 7 to 29 days but now the bank will provide 2.65 percent,a 15 basis point increase.
Federal Bank Net Banking Registration
Federal Bank FD Types
There are three types of fixed deposit schemes available by the concerned authorities of Federal bank and given below we are specifying each one of them:-
- Regular fixed deposit is provided by the federal bag and you can use this fixed deposit if you want to invest the money for around 10 years to 7 days. The minimum deposit amount will be Rupees 1,000 and premature withdrawal is available in this type of fixed deposit.
- You can get a cash certificate scheme. High-interest rates will be provided to the customers in this FD and you can invest money for 6 months to 10 years. The minimum deposit amount is Rupees 1000.
- You can also take into consideration a tax-saving deposit and your money will be locked in for 5 years. The minimum deposit amount is Rupees 100 to Rupees 1.5 lakh.
Eligibility Criteria
Given below, we are sharing the specifications related to the eligibility criteria that you must follow to apply for the Federal Bank fixed deposits:-
- Individuals
- Individuals jointly with other Individuals
- For Minor Individuals by Guardian
- HUF
- Sole proprietary concerns
- Clubs/Associations
- Firms
- Joint-stock companies
- Any other entity not prohibited by RBI
Federal Bank Account Opening Form
Documents Required
The following documents are required while applying for the Federal Bank fixed deposit:–
- Application form (duly filled in and signed)
- KYC documents for ID & residency check (passport, Aadhaar/UID, voter’s ID card, etc.)
- Photographs of depositor and nominee, if any
- PAN Card
- Age proof (for senior citizens)
How To Apply For Federal Bank FD?
To apply for the Federal Bank fixed deposit you will have to follow the simple procedure given below:-
- You will first have to visit the official website of Federal Bank and the homepage will be displayed on your screen.
- You have to click on the option called personal present on the menu bar and the dropdown menu will be displayed on your screen.
- Now, you have to go under the products heading.
- Click on the option called deposits and a new page will be opened on your screen.
- Click on the ‘Request Call Back button.
- Fill out the enquiry form with contact and location details and hit the submit button.
Federal Bank FD Rates on Domestic/NRO deposits of less than Rs 2 crore w.e.f. 17 February 2022
Given below, we are sharing the specifications related to the fixed deposit interest rate on domestic deposits of less than 2 crores:-
| Period | General Public | Senior Citizen |
| 7 days to 29 days | 2.50% | 3.00% |
| 30 days to 45 days | 3.00% | 3.50% |
| 46 days to 90 days | 3.25% | 3.75% |
| 91 days to 180 days | 3.75% | 4.25% |
| 181 days to less than 1 year | 4.40% | 4.90% |
| 1 year to less than 700 days | 5.15% | 5.65% |
| 700 days | 5.25% | 5.75% |
| 701 days to less than 2 years | 5.15% | 5.65% |
| 2 years to less than 3 years | 5.35% | 5.85% |
| 3 years to less than 5 years | 5.40% | 5.90% |
| 5 years and above | 5.60% | 6.25% |
Federal Bank Tax Saver Deposit
Given below, we are sharing the specifications related to the Federal Bank tax saver deposit scheme:-
| Period | General Public | Senior Citizens |
| 5 years | 5.60% | 6.25% |
NRE Fixed Deposit Interest Rates of deposits less than Rs 2 crores w.e.f. 17 February 2022
Given below, we are sharing the specifications related to the NRE Federal Bank Tax scheme:-
| Period | General Public |
| 1 year to less than 700 days | 5.15% |
| 700 days | 5.25% |
| 16 Months | 5.15% |
| 701 days to less than 2 years | 5.00% |
| 2 years to less than 3 years | 5.35% |
| 3 years to less than 5 years | 5.40% |
| 5 years and above | 5.60% |
FCNR(B) Fixed Deposit Interest Rates of deposits w.e.f. 17 February, 2022
Given below, we are sharing the specifications related to the FCNR(B) Federal Bank Tax scheme:-
| Tenure | Currency | |||||||||
| USD | GBP | EURO | YEN | CAD | AUD | CHF | NZD | SGD | HKD | |
| 1 year to less than 2 years | 1.08% | 1.40% | 0.05% | 0.05% | 0.54% | 0.49% | 0.05% | 0.05% | 0.42% | 0.33% |
| 2 years to less than 3 years | 1.51% | 1.76% | 0.05% | 0.05% | 1.60% | 0.97% | NA | NA | 0.84% | 0.72% |
| 3 years to less than 4 years | 1.80 % | 1.88% | 0.05% | 0.05% | 1.82% | 1.33% | NA | NA | 0.78% | 0.74% |
| 4 years to less than 5 years | 1.90 % | 1.89% | 0.05% | 0.05% | 1.88% | 1.60% | NA | NA | 0.78% | 0.65% |
| 5 Years only | 2.00 % | 1.86% | 0.05% | 0.05% | 1.89% | 1.72% | NA | NA | 0.80% | 0.57% |
RFC Fixed Deposit Interest Rates of deposits w.e.f.17 February, 2022
Given below, we are sharing the RFC fixed deposit interest rate for this financial year:-
| Tenure | USD | GBP | EURO | YEN | CAD | AUD | CHF | NZD | SGD | HKD |
| 6 months to less than 1 year | 1.08% | 1.40% | 0.05% | 0.05% | 0.54% | 0.49% | 0.05% | 0.05% | 0.42% | 0.33% |
| 1 year to less than 2 years | 1.08% | 1.40% | 0.05% | 0.05% | 0.54% | 0.49% | 0.05% | 0.05% | 0.42% | 0.33% |
| 2 years to less than 3 years | 1.51% | 1.76% | 0.05% | 0.05% | 1.60% | 0.97% | NA | NA | 0.84% | 0.72% |
| 3 years only | 1.80% | 1.88% | 0.05% | 0.05% | 1.82% | 1.33% | NA | NA | 0.78% | 0.74% |
FAQ
A fixed deposit is a financial deposit that is made by the customers for a particular period of fine and on that amount you will be provided interest by the banks.
The application form for the fixed deposit presented by the Federal bank is available online at their official website. You can fill out the application with important documents and you will be ready to get a fixed deposit.
Yes. If you need funds urgently, you can avail premature withdrawal of your Fixed Deposit.