Federal Bank Modifies Interest Rates On Fixed Deposits of Less Than Rs 2 Cr (W.e.f. 17-02-2022)

The private sector lender Federal Bank has made interest rate revisions on fixed Resident Term Deposits of less than Rs 2 Cr. The bank has made an interest rate revision today 17-02-2022 and following the exclusive revision, the bank is offering an interest rate of 2.50% to 5.60% to the general public and 3.00% to 6.25% to senior citizens on term deposits of less than Rs 2 Cr.

Federal Bank Fixed Deposit Interest Rates For Non-Senior Citizens

The bank is currently giving a 2.50 percent interest rate to the general public on fixed deposits of less than Rs 2 crore maturing in 7 to 29 days, starting on February 17, 2022. Regular customers can now earn 3.00 percent and 3.25 percent on fixed deposits maturing in 30 days to 45 days and 46 days to 90 days, respectively, from Federal Bank. Fixed deposits maturing in 91 days to 180 days and 181 days to less than one year will now offer 3.75 percent and 4.40 percent interest to the general public.

On fixed deposits maturing in 1 year to less than 700 Days and 700 Days, the bank is now offering an interest rate of 5.15% and 5.25%. Non-senior citizens will now get an interest rate of 5.15% and 5.35% on fixed deposits maturing in 701 Days to less than 2 years and 2 years to less than 3 years. Federal Bank is now offering an interest rate of 5.40% and 5.60% to regular customers on domestic term deposits maturing in 3 years to less than 5 years and 5 years and above.

Tenure	Interest rates p.a. for regular customers
7 days to 29 days	2.50%
30 days to 45 days	3.00%
46 days to 90 days	3.25%
91 days to 180 days	3.75%
181 days to less than 1 year	4.40%
1 year to less than 700 Days	5.15%
700 Days	5.25%
701 Days to less than 2 years	5.15%
2 years to less than 3 years	5.35%
3 years to less than 5 years	5.40%
5 years and above	5.60%
Source: Bank Website. Effective from 17-02-2022

Federal Bank Fixed Deposit Interest Rates For Senior Citizens

Senior citizens will continue to get a 0.50 percent premium over and above the card rate applicable to regular customers across all tenors. Following the most recent change, the bank is now providing elderly citizens an interest rate of 3.00 percent to 6.25 percent on fixed deposits of less than Rs 2 crore with maturities ranging from 7 days to 5 years and above.

Tenure	Interest rates p.a. for senior citizens
7 days to 29 days	3.00%
30 days to 45 days	3.50%
46 days to 90 days	3.75%
91 days to 180 days	4.25%
181 days to less than 1 year	4.90%
1 year to less than 700 Days	5.65%
700 Days	5.75%
701 Days to less than 2 years	5.65%
2 years to less than 3 years	5.85%
3 years to less than 5 years	5.90%
5 years and above	6.25%
Source: Bank Website. Effective from 17-02-2022