Federal Bank FD Interest Rates 2025

What is a Federal Bank Fixed Deposit?

Federal Bank Fixed Deposits let you earn periodical interest by way of interest from savings while ensuring safety, liquidity, and returns. The bank offers both callable (with early withdrawal) and non-callable (higher interest, no early closure) options. You can choose to receive interest monthly, quarterly, half-yearly, or yearly. Additionally, the FD scheme offers automatic renewal, a nomination facility, and loans up to 90% of the deposit amount. On maturity, the interest and principal are directly credited to your savings account.

Key Benefits of Federal Bank Fixed Deposit

You can enjoy several useful benefits when you open a Federal Bank FD. A few of them are explained below

1. Low Minimum Deposit

   You can start a Federal Bank Fixed Deposit with just ₹1,000, making it accessible for all types of investors.

2. Flexible Tenure Options

   Federal Bank offers deposit tenures ranging from 7 days to 10 years. You can select a duration that aligns with your financial goals.

3. Higher Interest for Senior Citizens

   Resident senior citizens earn an additional 0.50% interest on all tenures over and above the regular FD rates offered by the Federal Bank.

4. Flexible Payout Frequencies

   Federal Bank allows you to receive interest payouts monthly, quarterly, half-yearly, or yearly. This flexibility supports your cash flow needs.

5. Loan Against FD

   Federal Bank offers loans up to 90% of your fixed deposit value. This helps meet urgent financial needs without breaking your FD. You must pay interest for your loan, which is usually lower than personal loans.

6. Automatic Credit & Renewal

   On maturity, the bank credits both interest and principal directly to your savings account. You can also opt for automatic renewal for hassle-free reinvestment.

7. Premature Withdrawal Facility

   Federal Bank generally charges a 1% penalty on the applicable interest rate for premature withdrawal from callable fixed deposits. However, the exact penalty may vary depending on the deposit amount, tenure, and the date of withdrawal.

Federal Bank FD Interest Rates 2025

Federal FD rates differ based on the tenure and deposit amount, giving investors the flexibility to select options that match their specific financial goals. The tables below present the applicable interest rates for various tenures and deposit slabs.

Federal Bank FD Interest Rates for Resident Term Deposits (Below ₹3 Crores)

*Federal Bank FD interest rates w.e.f. May 17, 2025

Federal Bank Interest Rates for Annuity Deposits (₹15 Lakhs to Less Than ₹2 Crores)

*Federal Bank FD interest rates w.e.f. May 6, 2025

Federal Bank Deposit Plus (Non-Callable) Resident and NRO Term Deposits (Below ₹3 Crores)

*Federal Bank FD interest rates w.e.f. May 17, 2025

To explore comparative options, check the best FD interest rates in India.

How to Open a Federal Bank Fixed Deposit

Follow these step-by-step instructions to open a Federal Bank FD, whether you're a new or existing customer, using online or offline methods.

1. Online Method

   For Existing Customers

   • Log in to your Federal Bank Internet Banking (FedNet) or FedMobile App.

   • Navigate to the Deposits section.

   • Select ‘Open Fixed Deposit’.

   • Enter the deposit amount, select the tenure (7 days to 10 years), and choose the FD type (cumulative, monthly/quarterly payout, etc.).

   • Provide nominee details.

   • Confirm the details and submit your request.

   • Your FD will be created instantly, and confirmation will be sent to your registered mobile number/email.

   For New Customers

   • Visit the official Federal Bank website and click on ‘Open FD Online’.

   • Complete digital onboarding/KYC (via Aadhaar, PAN, or Video KYC).

   • Fill in the FD form with the amount, tenure, nominee, and payout frequency.

   • Make an online payment to activate your Fixed Deposit.

   • Once processed, you’ll receive your FD details and confirmation instantly.

2. Offline Method

   For Both New and Existing Customers

   • Visit the nearest Federal Bank branch.

   • For new customers, submit KYC documents (PAN, Aadhaar, photo, etc.).

   • Request and fill out the Fixed Deposit application form.

   • Specify the amount, tenure, and interest payout preference.

   • Make the deposit through cash or your Federal Bank account.

   • Receive your FD receipt and confirmation from the bank.

Important Notes

• Minimum Deposit: ₹1,000

• Tenure: 7 days to 10 years

• Interest Payout: Monthly, Quarterly, Half-Yearly, Annually, or on Maturity

• Senior Citizens: Extra 0.50% interest on applicable rates

• FD Types: Callable (with early withdrawal) and Non-Callable (higher interest, no early closure)

• Digital FD booking: Can be completed in just a few minutes with paperless KYC

Documents Required for Opening a Federal Bank Fixed Deposit

If you are a new customer, here’s a checklist of documents required to open a Federal Bank Fixed Deposit, whether online or offline

1. Proof of Identity

   Any government-issued photo ID such as Aadhaar Card, PAN Card, Passport, Voter ID, or Driving Licence

2. Proof of Address

   Recent utility bill, Aadhaar Card, passport, or bank statement showing your current residential address

3. Recent Photograph

   Passport-size photograph (mainly required for offline applications)

4. PAN Card

   Mandatory for taxation and TDS-related purposes

5. KYC Documents

   Online FDs require digital KYC through Aadhaar-based e-KYC or video KYC, while offline applications need physical copies of KYC documents

6. Account Details

   Federal Bank savings or current account details for crediting interest and principal on maturity

7. Form 15G or 15H

   To avoid excess TDS if eligible.

Taxation on Federal Bank Fixed Deposits

Interest earned on Fixed Deposits (FDs) with Federal Bank is fully taxable under the Income Tax Act, 1961. It is added to your total income and taxed according to your applicable income tax slab rate. There is no separate exemption available for FD interest, regardless of the deposit amount or tenure.

Federal Bank deducts Tax Deducted at Source (TDS) on FD interest if the total interest earned in a financial year exceeds ₹50,000 for regular customers and ₹1,00,000 for senior citizens. The standard TDS rate is 10% if the depositor has provided their PAN. If PAN is not submitted, the TDS rate increases to 20%.

Key Takeaways

Federal Bank Fixed Deposits present investment options with a variety of different tenures. Some of the features offered by a Federal Bank Fixed Deposit include low minimum deposit requirements, attractive interest rates, easy online booking, loan facility, and higher rates for senior citizens. Some of the drawbacks of Federal Bank FD are: Interest earned here is taxable, while Tax Saver FDs have a lock-in period of 5 years. Comparing the FD rates across banks before finalising where to invest is strongly advised. It is wise to compare and check which bank offers the highest FD interest rates before investing.

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