Federal Bank 444 Days FD Scheme

What is the Federal Bank 444 Days FD Scheme?

The Federal Bank 444 Days FD Scheme 2025 requires a minimum deposit of ₹1,000 and runs for a tenure of 444 days, about 1 year and 2 months. It offers distinct rate benefits compared to regular deposits and provides predictable returns over a defined period. Senior citizens receive an additional interest rate benefit of typically 0.50% over the standard rates. The scheme suits customers seeking medium-term investment opportunities under the prevailing Federal Bank FD rates.

Federal Bank FD Rates for 444 days

The Federal Bank 444 Days FD Scheme helps customers grow their savings. It offers better returns than a regular savings account. Below are the latest Federal Bank FD interest rates for deposits below ₹3 crore:

*Federal Bank FD rates for 444 days w.e.f. August 18, 2025

Key Features of Federal Bank 444 Days FD Scheme

Federal Bank offers several attractive features under its 444 days FD schemes that distinguish them from regular deposits.

• Fixed Tenure: The scheme offers a fixed tenure of 444 days, which equals about 1 year and 2 months, providing higher returns than a regular savings account.
• Premature Withdrawal Facility: The Federal Bank FD premature withdrawal option allows depositors to access their funds before maturity when needed. However, per bank guidelines, a nominal 1% penalty on the applicable interest rate is charged for early closure.
• Loan Against FD: The Federal Bank loan against FD facility allows customers to borrow up to 90% of their deposit value, helping them manage urgent financial needs without breaking their fixed deposit.
• Flexible Payout Options: Federal Bank 444 days FD scheme offers flexible interest payout choices, allowing customers to opt for cumulative deposits with interest paid at maturity or non-cumulative deposits with monthly or quarterly payouts, depending on their financial goals.

How to Apply for Federal Bank 444 Days FD Scheme?

Depending on their convenience and preference, customers can open a Federal Bank 444 days FD scheme through two simple application modes: online and offline.

Online Application Process

To apply for a Federal Bank 444 days FD scheme online, follow these steps:

• Log In: Access your Federal Bank Internet Banking account or the FedMobile App using valid login credentials.
• Go to Deposits Section: Navigate to the ‘Deposits’ tab and select the option ‘Open Fixed Deposit’.
• Select the Scheme: Choose the Federal Bank 444 days FD scheme options from ‘other available FD schemes’.
• Enter Deposit Details: Provide details such as deposit amount, tenure, interest payout mode (monthly, quarterly, or cumulative), and nominee information.
• Review and Confirm: Check all entered details, including deposit amount, applicable interest rate, and maturity instructions, before proceeding.
• Complete the Application: Confirm the transaction to debit the amount directly from your linked Federal Bank account. A digital FD receipt will be generated instantly for your records.

Offline Application Process

Federal Bank offers a simple offline application option for customers who prefer to apply in person.

• Visit a Branch: Go to the nearest Federal Bank branch and request an FD application form at the counter.
• Fill in Details: Enter required information such as deposit amount, tenure, payout preference, and nominee details.
• Submit KYC Documents: Provide necessary KYC documents, including PAN, Aadhaar, and address proof, along with a recent passport-size photograph.
• Deposit the Amount: Pay the deposit through cheque or cash, or by transferring funds from your Federal Bank savings account.
• Choose Renewal and Payout Options: Decide whether to enable auto-renewal or opt for closure on maturity as per your investment plan.
• Receive FD Acknowledgement: Once processed, the bank will issue an FD receipt or advice slip containing complete details of your Federal Bank 444 days FD Scheme.

Documents Required for Federal Bank 444 Days FD scheme

The documents required to open a Federal Bank 444-day FD are:

• Proof of Identity: Acceptable documents include PAN Card, Aadhaar Card, Passport, Voter ID, or Driving Licence.
• Proof of Address: Applicants can provide Aadhaar, Passport, a recent utility bill, or a bank statement showing their current residential address.
• Photograph: A recent passport-size photograph is required for all offline applications.
• PAN Card: Submitting a PAN Card is mandatory for taxation and TDS compliance.
• KYC Verification: Verification can be completed easily through e-KYC or video KYC. Offline applicants must submit physical copies of their KYC documents for online fixed deposits at the branch.
• Linked Bank Account Details: A Federal Bank savings account must be linked to the fixed deposit for interest payout and credit of maturity proceeds.

Eligibility Criteria for Federal Bank 444 Days FD Scheme

Federal Bank allows many customers to open a Federal Bank 444 days FD scheme. Eligible profiles include:

• Resident Individuals: Adults and minors (through guardians).
• Senior Citizens: Individuals aged 60 years and above.
• Hindu Undivided Families (HUFs): Through the Karta, who represents and manages the family's financial affairs.
• Firms and Companies: Proprietorships, partnerships, and corporates.
• Trusts and Societies: Registered organisations as per bank rules.
• NRIs: Through NRE and NRO deposit accounts, subject to RBI guidelines.

Federal Bank 444 Days FD Scheme Interest Calculation

Let’s calculate the estimated returns for a deposit of ₹2,00,000 for 444 days under the Federal Bank 444 Days FD Scheme. 

Simple Interest Calculation (General Citizen, 7.50%):

SI = (2,00,000 × 7.50 × 1.22) / 100

SI = ₹18,300

Maturity Amount = ₹2,00,000 + ₹18,300 = ₹2,18,300

Compound Interest Calculation (Quarterly, 7.50%):

A = 2,00,000 × (1 + 0.075/4)^(4 × 1.22)

A ≈ ₹2,19,090

Compound Interest = ₹19,090

Tax Implications of Federal Bank FD Returns

Interest earned on Federal Bank fixed deposits is taxable under “Income from Other Sources” and must be added to your total income for the financial year. From April 1, 2025 (FY 2025–26 onward), the TDS (Tax Deducted at Source) threshold on FD interest has been fixed at ₹50,000 per annum for non-senior citizens and ₹1,00,000 per annum for senior citizens. If the total interest earned from Federal Bank FDs exceeds these limits, the bank will deduct TDS at 10%, provided the depositor has furnished and linked their PAN. In cases where the PAN is not provided, TDS will be deducted at 20% per the applicable Income Tax regulations.

Key Takeaways

The Federal Bank 444 Days FD Scheme is a fixed deposit plan for investors looking for better returns over a medium-term period. It offers an FD interest rate of 6.50% annually for general citizens and 7% for senior citizens. Customers can avail of a loan against FD or opt for premature withdrawal with applicable charges. With steady earnings and convenient features, the Federal Bank 444 Days FD Scheme is an appropriate option for medium-term savings.