Federal Bank has announced a special gift for its millions of customers by increasing the interest rates on fixed deposits (FDs).
The revised rates apply to FDs of less than ₹3 crore and have been effective since January 10, 2025.
For general citizens below 60 years, the bank now offers interest rates between 3% and 8%. These rates cover FDs with durations ranging from 7 days to 5 years or longer.
Federal Bank Offers Maximum 8% Interest on FDs
Federal Bank offers the highest interest rate on a 444-day fixed deposit (FD).
Regular customers earn 7.50% interest, while senior citizens receive 8%.
This FD scheme from the bank provides an excellent opportunity to grow your savings quickly.
Revised interest rates on Federal Bank FD
For senior citizens aged 60 and above, the bank offers interest rates between 3.5% and 8%.
The highest rate of 8% is available on 444-day FDs, while 400-day FDs offer 7.85% interest.
With these updated rates, senior citizens can enjoy better returns on their fixed deposits.
Federal Bank FD Rates
| Period | FD up to ₹3 crore – General Public | FD up to ₹3 crore – Senior Citizens |
|---|---|---|
| 7 days to 29 days | 3.00% | 3.50% |
| 30 days to 45 days | 3.50% | 4.00% |
| 46 days to 180 days | 5.50% | 6.00% |
| 181 days | 6.50% | 7.00% |
| 182 days to less than 270 days | 6.25% | 6.75% |
| 271 days to 1 year | 6.50% | 7.00% |
| 1 year | 7.00% | 7.50% |
| 1 year to 399 days | 7.25% | 7.30% |
| 400 days | 7.35% | 7.85% |
| 401 days to 443 days | 7.25% | 7.75% |
| 444 days | 7.50% | 8.00% |
| 445 days to 2 years | 7.25% | 7.75% |
| 2 years to 776 days | 7.15% | 7.65% |
| 777 days | 7.40% | 7.90% |
| 778 days to less than 3 years | 7.15% | 7.65% |
| Less than 3 years 50 months | 7.10% | 7.60% |
| 50 months | 7.40% | 7.90% |
| More than 50 months to less than 5 years | 7.10% | 7.60% |
| 5 years | 7.10% | 7.75% |
| 5 years and above | 6.60% | 7.25% |
