Fixed Deposit Interest Rate : Federal Bank has given a gift to its crores of customers. The bank has recently revised the interest rates on its fixed deposits (FD). These new rates will be applicable on FDs of amount less than Rs 3 crore.
These new FD rates have come into effect from 16 September 2024. Federal Bank is offering interest rates ranging from 3% to 7.4% to general citizens (below 60 years of age). These rates are for FDs ranging from 7 days to 5 years or more. The highest interest rate is 7.4%, which is available on FDs of 777 days and 50 months.
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Federal Bank FD Interest Rates for Senior Citizens
For senior citizens aged 60 years or above, the bank is offering interest rates ranging from 3.5% to 7.9%. Senior citizens are getting the highest interest rate of 7.9% on FDs of 777 days and 50 months. With these new interest rates of the bank, investors will get better returns on FDs.
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Federal Bank FD Rates
| Period | FD up to Rs 3 crore – General public | FD up to Rs.3 Crore – Senior Citizen |
|---|---|---|
| 7 days to 29 days | 3.00% | 3.50% |
| 30 days to 45 days | 3.25% | 3.75% |
| 46 days to 60 days | 4.00% | 4.50% |
| 61 days to 119 days | 4.75% | 5.25% |
| 120 days to 180 days | 5.00% | 5.50% |
| 181 days | 6.50% | 7.00% |
| 182 days to less than 1 year | 6.25% | 6.75% |
| 1 year to 399 days | 6.80% | 7.30% |
| 400 days | 7.35% | 7.85% |
| 401 days to 776 days | 7.05% | 7.55% |
| 777 days | 7.40% | 7.90% |
| 778 days to less than 3 years | 7.05% | 7.55% |
| Less than 3 years and 50 months | 7.00% | 7.50% |
| 50 Months | 7.40% | 7.90% |
| More than 50 months to less than 5 years | 7.00% | 7.50% |
| 5 years and above | 6.60% | 7.25% |
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