Federal Bank Interest Rate On Fd: Federal Bank FD Rates: Private Lender Federal Bank has revised its interest rates on Fixed Deposits. The bank has changed the interest rates for both residents and non-residents. Federal Bank is offering interest ranging from 3 per cent to 7.55 per cent. The private sector bank has increased the interest rate for 500 days FD and it offers 7.50 per cent interest to common people and 8 per cent interest to senior citizens.
Federal Bank offers Fds ranging from 7 days to 10 years. The revised interest rates of the bank have come into effect from 6 February 2024.
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Maximum interest is available on FD of 500 days
Federal Bank is offering 7.50 per cent interest to common citizens on FD of 500 days. Senior Citizens are getting an 8 per cent interest rate for the Fd of the same period. The bank is offering a maximum interest on FD of 500 days.
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Interest rates on Federal Bank FD
Federal Bank is offering a 3 per cent interest rate on FDs maturing in 7 to 29 days and a 3.25 per cent interest rate on FDs maturing in 30 to 45 days. As per information mentioned on the bank’s website, interest will be available at the rate of 4.00 per cent on FDs maturing in 46 days to 60 days and 4.75% interest on FDs maturing in 61 days to 119 days.
FD maturing in the next 120 to 180 days will now get interest at the rate of 5%. The bank is offering a 5.75 per cent interest rate on FDs maturing in the next 181 days to 270 days and a 6 per cent interest rate on FDs maturing in the next 271 days to less than one year.
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Interest rates on FDs For 365 above
Federal Bank offers interest rates of 6.80 per cent on FDs maturing in a period of 1 year to less than 15 months and 7.30 per cent on FDs maturing in a period of 15 months to 2 years. FDs of more than two years and less than three years attract a 7.05 per cent.
FDs with a maturity period from three years to less than five years will get 7 per cent interest on the deposits. Federal bank offers an interest rate of 6.60 per cent on FD with a tenure of 5 years and above.
