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Key Insights
Federal Bank Fixed Deposits (FDs) are a simple, flexible, and solid way to grow your savings. It provides options for both residents and NRIs. The interest rates range from about 3.00% p.a. to 6.70% p.a. for the general public and 3.50% p.a. to 7.20% p.a. for senior citizens.
You can start from just ₹1,000 and select a tenure between 7 days to 10 years. This guide will provide you with the details of Federal Bank FD types, including interest rates for 2025, features, eligibility, and withdrawal rules.
Fixed Deposits with Federal Bank deliver flexibility with several tenure choices and safety for your savings, along with the returns.
Latest FD interest rates (domestic deposits < ₹3 crore)
Federal Bank has the following Interest rate slabs for the general public and senior citizens from August 2025:
Choose a tenure that suits you from the table and let money grow over time.
Bonus Tip: Always check for the enhanced interest rate slabs for a senior citizen. A small difference can add significant returns over a long-term deposit.
Federal Bank provides a variety of Fixed Deposit (FD) schemes to cater to different investment needs.
This FD allows you to invest a lump sum amount for a fixed tenure, earning a predetermined interest rate. It's ideal for Indian residents and for those looking to grow their savings securely.
This 5-year FD scheme helps you save on taxes under Section 80C of the Income Tax Act. The deposit has a mandatory 5-year lock-in period. It offers tax benefits, and the interest earned is taxable.
It is designed for Non-Resident External (NRE) account holders. It allows you to earn interest on your income earned outside India, which is returnable and tax-free in India.
It is for Non-Resident Ordinary (NRO) account holders. It helps manage income earned in India. The interest earned is subject to tax in India, and return facilities are available.
These are the FD schemes you can explore to find the one that best matches your savings goals. Each one is made to maximize your investment in the Federal Bank.
Federal Bank Fixed Deposits provide several advantages that make them a reliable choice for investors:
These features make Federal Bank Fixed Deposits a safe, flexible, and beneficial option for growing your money while keeping your financial goals in mind.
Here’s a comparison of Federal Bank FD rates with other major banks:
Bonus Tip: Federal Bank provides limited-duration or festive FDs with better interest rates at times. Keep a watch to increase returns.
Who can open an FD?
Click here to know more.
Documents Required
3.25%
6.50%
*T&C Apply
Interest earned on a Federal Bank FD is fully taxable. It is added to your total income, and tax is applied as per your income tax slab.
Federal Bank allows premature withdrawal of Fixed Deposits, subject to certain conditions and penalties.
Eligibility for Premature Withdrawal:
Penalty & Interest:
Click here to know more.
If you prefer face-to-face service, visit the nearest Federal Bank branch.
Federal Bank FDs are a smart and secure way to save and grow your money. These FDs make it easy to plan for both short-term and long-term goals with flexible tenures, multiple payout options, tax benefits, and higher rates for senior citizens.
It provides a simple way to earn guaranteed returns while keeping your savings safe for all your investment needs.
Q1. Can I open a joint FD with anyone in a Federal Bank?
Yes, you can open an FD jointly with your family member or spouse. Interest will be paid to all account-holders according to the joint arrangement.
Q2. Can Federal Bank FDs be transferred from one branch to another?
Yes. You can shift your FD to another branch if you change your residence. The bank will do this without breaking your deposit.
Q3. Will my FD Interest Rates change if I renew my deposit?
Yes, the new rate prevailing at the time of renewal will be charged, not the previous rate.
Q4. Can I add a nominee to my FD?
Yes, you can add a nominee at the time of FD opening or later.
Q5. Is a joint FD with an Indian resident possible for NRIs?
Yes. Joint FDs with residents are possible for NRIs, but interest payments and tax consequences could vary according to the type of account.
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