Fixed deposits are the investor’s first choice due to huge returns if they invest just the correct amount of money for perfectly correct period with just right bank. Federal bank lets you invest as low as Rs 1000 for a period as less as a week. Here is some details about latest federal bank fd interest rates updated on 10 March, 2016.

There is no upper limit for the investment. You can get a 90 percent loan against your FD. If you are planning to invest for a lesser amount of time then go for at least 1.5-6 months to get an extra 2 percent interest rate as compared to 5 percent for less than 45 days.

Don’t Miss: SBI FD Interest Rates

If you can plan to invest for a longer period then go for 6 months-3 year because it gives you again an extra 1.50-2 percent making a total of up to 9 percent. For a period more than 3 years the rate of interest offered by Federal bank dips by 0.25 percent.

For NRE, the interest rates are more or less same as compared with the interest rates for residents. Upto 1 crore it is 7.50 percent which is same as residents. So Federal Bank offers attractive returns to lure everyone with a maximum of 7.50 percent.

Also Check: Punjab National Bank FD rates

FD Interest Rates on domestic deposits:

Time PeriodInterest Rate For Amount Below 1 Crore
7 – 14 Days3.00
15 – 30 Days5.00
31 – 45 Days5.00
46 – 60 Days6.00
61 – 90 Days6.50
91 Days – 180 Days6.50-7.00
181 Days – 270 days7.00
271 Days – 1 year7.00
1 Year7.50
1 Year – 2 Years7.50
2 Years – 3 Years7.50
3 Years – 5 Years7.25
5 Years – 10 Years7.25
Above 10 Years7.25

Above 1 crore deposit rates (domestic):

 Maturity Range 1-5 crore5-25 crore25-50 croreAbove 50 crore
 7-14 days 4.004.004.004.00
 15-30 days 4.504.504.504.50
 30-45 days 5.005.005.005.00
 45-60 days 5.505.505.505.50
 60-90 days 6.006.006.006.00
 90-180 days 6.506.50 6.50 6.50
 180-200 days 7.007.00 7.007.00
 200 days-1 year7.007.007.007.00
 1 year 7.50 7.40 7.257.25
 1-370 days 7.507.407.257.25
 370 days-2 years 7.507.407.257.25
 2-5 years7.407.407.257.25
 Above 5 years 7.407.407.257.25

Interest rates on NRE deposits below 1 crore:

PeriodBelow 1 crore
1-3 years7.50
above 3 years7.25

Interest rates on NRE deposits above 1 crore:

Maturity period1-5 crore5-25 crore25-50 croreabove 50 crore
 1 year 7.507.40 7.257.25
 366-370 days7.507.407.257.25
 370 days-2 years 7.507.407.25 7.25
 2-5 years 7.407.407.25 7.25
 above 5 years7.407.407.257.25

Table updated: 4 April, 2016

Calculate maturity with FD calculator

Important notes:

  • Contact any branch of the bank for above one crore fixed deposits.
  • Additional interest .50% applicable for senior citizens for all deposits except ONR accounts.
  • 1% penalty for premature closing deposits is applicable for amount above 15 lacs.

Like other Bank provides Higher interest for Higher period deposit. Below we are going to show you big table of interest rates.

From above you can observe Federal bank Fixed Deposit Interest rates is highest for 400 Days deposits. You can check more details from official website of Federal Bank. Don’t forget to compare with other banks fixed deposit interest rates.

Check out @http://www.federalbank.co.in/deposit-rate

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