YOU ARE HERE » MONEYCONTROL » FIXED INCOME » BANK DEPOSITS

Federal Bank

Fixed Deposit Rates

You are requested to reconfirm the rates from the respective banks before making any financial commitments.

a) For domestic deposits - Less than Rs. 1 cr (last revised on Aug 18, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Less than Rs. 1 cr

5.00

5.50

Calculate
15 days to 29 days Less than Rs. 1 cr

5.00

5.50

Calculate
30 days to 45 days Less than Rs. 1 cr

5.00

5.50

Calculate
46 days to 59 days Less than Rs. 1 cr

7.00

7.50

Calculate
60 days to 119 days Less than Rs. 1 cr

7.50

8.00

Calculate
120 days to 180 days Less than Rs. 1 cr

8.00

8.50

Calculate
181 days to less than 1 Year Less than Rs. 1 cr

8.00

8.50

Calculate
1 Year Less than Rs. 1 cr

9.00

9.50

Calculate
Above 1 year to less than 15 months Less than Rs. 1 cr

8.75

9.25

Calculate
15 months Less than Rs. 1 cr

9.10

9.60

Calculate
15 months and above Less than Rs. 1 cr

8.75

9.25

Calculate

Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
Federal Tax Savings Deposit Scheme (FTSD) - 5 Years Upto Rs. 1 lakh

8.75

9.25

Calculate

Tax Implications:

  • The amount invested in fixed deposits with a maturity period of 5 years in a Scheduled bank is eligible for tax deduction under section 80C. However, the interest earned on the deposit is taxable.
  • Tax will be deducted at the source, if the interest income on a fixed deposit per annum exceeds Rs.10000

a) For NRO Fixed Deposit - Less than Rs. 1 cr (last revised on Aug 18, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Less than Rs. 1 cr 5.00 Calculate
15 days to 29 days Less than Rs. 1 cr 5.00 Calculate
30 days to 45 days Less than Rs. 1 cr 5.00 Calculate
46 days to 59 days Less than Rs. 1 cr 7.00 Calculate
60 days to 119 days Less than Rs. 1 cr 7.50 Calculate
120 days to 180 days Less than Rs. 1 cr 8.00 Calculate
181 days to less than 1 Year Less than Rs. 1 cr 8.00 Calculate
1 Year Less than Rs. 1 cr 9.00 Calculate
Above 1 year to less than 15 months Less than Rs. 1 cr 8.75 Calculate
15 months Less than Rs. 1 cr 9.10 Calculate
15 months and above Less than Rs. 1 cr 8.75 Calculate

a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Apr 07, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 Year only Less than Rs. 1 cr 9.00 Calculate
Above 1 year to less than 15 months Less than Rs. 1 cr 8.75 Calculate
15 months Less than Rs. 1 cr 9.10 Calculate
15 months and above Less than Rs. 1 cr 8.75 Calculate
Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.