Pay Attention If You Are A Federal Bank Customer: Bank Revises FD Rates, Check The Latest Rates

The Federal Bank has recently revised its fixed deposit interest rates for various FD tenures. Read on to know the updated rates

Sakshat Kolhatkar

18 Nov 2022, 07:04 PM IST

Source: Andre Taissin on Unsplash

Over the past few weeks, many private and public sector banks have increased their fixed deposit interest rates in a bid to attract more customers and get more cash inflow. Many banks also offered special schemes during the Dusshera/Diwali festive season and banks still continue to raise interest rates on FDs. Most recently, Federal Bank, which is a major private sector bank has recently updated their fixed deposit interest rates for various tenures. These newly revised rates will come into effect from November 18, 2022, and are applicable for fixed deposits under ₹2 crore. The maximum interest that customers can get is with the 700-day FD, where senior citizens can get interest rates of 7.75% Check out the revised interest rates below.

Federal Bank Revised Interest Rates

Let’s take a look at the updated interest rates on Federal Bank fixed deposits for various tenures from November 18, 2022:

For FDs ranging from 7 days to 29 days: The interest rate has been updated to 3.00% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 3.5% per annum.
For FDs ranging from 30 days to 45 days: The interest rate has been updated to 3.25% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 3.75% per annum.
For FDs ranging from 46 days to 60 days: The interest rate has been updated to 4.00% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 4.50% per annum.
For FDs ranging from 61 days to 90 days: The interest rate has been updated to 4.25% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 4.75% per annum.
For FDs ranging from 91 days to 119 days: The interest rate has been updated to 4.50% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 5.00% per annum.
For FDs ranging from 120 days to 180 days: The interest rate has been updated to 4.75% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 5.25% per annum.
For FDs ranging from 181 days to 270 days: The interest rate has been updated to 5.00% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 5.50% per annum.
For FDs ranging from 271 days to 332 days: The interest rate has been updated to 5.50% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 6.00% per annum.
For FDs of exactly 333 days: The interest rate has been updated to 5.50% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 6.00% per annum.
For FDs ranging from 334 days to less than 1 year: The interest rate has been updated to 5.50% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 6.00% per annum.
For FDs of exactly 1 year: The interest rate has been updated to 6.25% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 6.75% per annum.
For FDs ranging from 1 year to less than 20 months: The interest rate has been updated to 6.00% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 6.50% per annum.
For FDs of exactly 20 months: The interest rate has been updated to 6.25% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 6.75% per annum.
For FDs ranging from 7 days to 29 days: The interest rate has been updated to 3.00% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 3.5% per annum.
For FDs ranging from 20 months to 699 days: The interest rate has been updated to 6.10% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 6.60% per annum.
For FDs of exactly 700 days: The interest rate has been updated to 7.25% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 7.75% per annum.
For FDs ranging from 701 days to less than 3 years: The interest rate has been updated to 6.40% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 6.90% per annum.
For FDs ranging from 3 years to less than 5 years: The interest rate has been updated to 6.50% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 7.00% per annum.
For FDs ranging from 5 years to 2221 days: The interest rate has been updated to 6.30% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 6.95% per annum.
For FDs of exactly 2222 days: The interest rate has been updated to 6.50% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 7.15% per annum.
For FDs of more than 2222 days: The interest rate has been updated to 6.30% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 6.95% per annum.

Disclaimer: All of the exchange rates mentioned in the article have been recorded at the time of writing from the bank’s official website and are subject to change in the future.