Flexi Fixed Deposit Federal Bank

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What is a Federal Bank Flexi Fixed Deposit?

Federal Bank Flexi Deposit is a secured investment option that links your savings account to a fixed deposit. Balances exceeding ₹1,00,000 in the Sweep Plus Current Account are transferred to a term deposit with a tenure of 181 days. This amount earns attractive Flexi Fixed Deposit interest rates of up to 6.70% p.a. For NRI customers, Fed Flexi Smart Saver RD offers a flexible, recurring deposit with assured returns for meeting future financial goals with both security and convenience.

Federal Bank Flexi Deposit Interest Rates

The Federal Bank Flexi Deposit interest rates are the same as the regular FD rates. Here are the latest Federal Bank FD interest rates for general and senior citizen customers across various maturity periods:

*Federal Bank FD interest rates w.e.f. July 15, 2025

Key Features of Federal Bank Flexi Fixed Deposit

Here are the key features and benefits of the Flexi Deposit Federal Bank:

• Celesta Business Debit Card: The Celesta Business card provides a premium debit card with no issuance charges and enhanced privileges for business banking customers.
• No Maintenance Charges: There are no monthly or annual maintenance fees, making it a cost-effective solution for business owners.
• Free Banking Services: Flexi Fixed Deposit Federal Bank has free banking services. These include unlimited Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), demand drafts, and digital banking for smooth, hassle‑free transactions.
• Free Cheque Leaves: Under the Sweep Plus current account, the bank offers up to 50 complimentary cheque leaves every month, adding convenience and reducing transaction costs for businesses.

How to Open a Federal Bank Flexi Fixed Deposit?

You can open a Flexi Deposit at Federal Bank either online through internet banking or offline by visiting a branch. Existing Federal Bank customers can directly book a Flexi Deposit. New customers need to first open a savings account and then link the Flexi Deposit to that account.

1. Online Method

   Bandhan Bank offers digital banking services to book a flexi deposit without any hassle.

   • Log in: Log in to Federal Bank Internet Banking or the FedMobile app.
   • Select Deposit: Go to the ‘Deposits’ section and select ‘Open Fixed Deposit’.
   • Choose Flexi: Choose the Flexi Fixed Deposit option.
   • Amount: Enter the deposit amount and tenure, and select the account to be linked.
   • Auto Sweep: Set sweep-in and sweep-out instructions.
   • Confirm: Review the details and confirm.

2. Offline Method

   New and existing customers can open a Flexi Fixed Deposit by visiting the nearest Federal Bank branch.

   • Visit Branch: Request and fill out the Fixed Deposit application form, and mention that you want to open a Flexi Fixed Deposit.
   • Submit Form: Submit the form along with your savings account number.
   • KYC: New customers must provide the following documents for KYC.
   • Verification: The bank official will verify the documents and complete the process.

Difference Between Flexi Fixed Deposits and Regular Fixed Deposits

Here's how the Flexi Fixed Deposit Federal Bank stacks up against a Regular Fixed Deposit in terms of key features and usability:

Key Takeaways

The Federal Bank Flexi Fixed Deposit combines FD returns with savings account flexibility. Surplus funds above a set limit are automatically transferred to an FD, while reverse sweeps ensure easy access when needed. Flexi deposits offer higher returns than regular savings accounts, making them a smart choice to boost your earnings with added flexibility. Senior citizens enjoy higher FD interest rates, which vary by tenure, offering flexibility and assured returns to support their long-term financial goals.