FD interest rate up to 8%: Federal Bank revises FD interest rates, adds special tenure with high interest rates, check details here The revised rates are effective from January 10, 2025, according to the bank website
Federal Bank has revised interest rates on fixed deposits (FD), and has added a new 444 days tenure to the list offering the highest interest rates. The revised rates are effective from January 10, 2025, according to the bank website. Note that the FD interest rate mentioned below is for a deposit amount of less than Rs 3 crore.Budget with ET
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Also read: Get FD interest rate up to 8.05%: Check these special FD deadlines in 2025Latest Federal Bank FD interest rate for general citizens
Federal Bank has added a new tenure of 444 days offering the highest interest rate of 7.50% for general (non-senior) citizens. Earlier, the highest rate offered was 7.40% on tenure of 777 days and 50 months. Federal Bank offers interest rates between 3% and 7.5% on fixed deposits for general citizens for tenures ranging from seven days to five years and above.| Period | Single Deposit Less than Rs 300 Lakhs - General Public |
| 7 days to 29 days | 3.00% |
| 30 days to 45 days | 3.50% |
| 46 days to 180 days | 5.50% |
| 181 days | 6.50% |
| 182 days to 270 days | 6.25% |
| 271 days to less than 1 year | 6.50% |
| 1 year | 7.00% |
| Above 1 year to 399 days | 7.25% |
| 400 days | 7.35% |
| 401 days to 443 days | 7.25% |
| 444 days | 7.50% |
| 445 days to less than 2 years | 7.25% |
| 2 years to 776 days | 7.15% |
| 777 days | 7.40% |
| 778 days to less than 3 years | 7.15% |
| 3 years to less than 50 months | 7.10% |
| 50 Months | 7.40% |
| Above 50 months to 5 years | 7.10% |
| Above 5 years | 6.60% |
RD interest rate up to 7.75%: Comparison of SBI’s Har Ghar Lakhpati RD interest rates with interest rates on HDFC Bank, Canara Bank, ICICI, Yes Bank RDs
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Latest Federal Bank FD interest rate for senior citizens
The bank offers fixed deposit interest rates between 3.5% and 8% for senior citizens (aged 60 and above) for FD tenures ranging from 7 days to five years and above. Senior citizens get the highest interest rate of 8% on the new tenure of 444 days, earlier the highest FD interest rate was offered on two tenures of 777 days and 50 months.| Period | Single Deposit Less than Rs 300 Lakhs - Senior Citizen |
| 7 days to 29 days | 3.50% |
| 30 days to 45 days | 4.00% |
| 46 days to 180 days | 6.00% |
| 181 days | 7.00% |
| 182 days to 270 days | 6.75% |
| 271 days to less than 1 year | 7.00% |
| 1 year | 7.50% |
| Above 1 year to 399 days | 7.75% |
| 400 days | 7.85% |
| 401 days to 443 days | 7.75% |
| 444 days | 8.00% |
| 445 days to less than 2 years | 7.75% |
| 2 years to 776 days | 7.65% |
| 777 days | 7.90% |
| 778 days to less than 3 years | 7.65% |
| 3 years to less than 50 months | 7.60% |
| 50 Months | 7.90% |
| Above 50 months to 5 years | 7.60% |
| Above 5 years | 7.10% |
Penalty on premature withdrawal of FD
The bank will not charge any penalty if the withdrawal is made within 15 days for deposits less than Rs 3 crore. For deposits held above 15 days, the bank levies a penalty of 1% of the interest earned on deposit.
This story originally appeared on: India Times - Author:Faqs of Insurances
