Federal Bank revises deposit rates, hikes Resident and Non-resident deposit rates as part of its Republic Day celebrations

Federal Bank

19th January 2024, Mumbai: Federal Bank has revised interest rates for both resident and Non-resident deposits with effect from 17th January 2024.

Interest Rate for 500 days is increased to 7.75% and 8.25 % for resident senior citizens.

The interest rate for non-withdrawable fixed deposits for 500 days is increased to 7.90% and for resident senior citizens, Federal Bank is now offering a maximum return of 8.40% for 500 days tenures

New Deposit Rates are as follows:

Tenure

Withdrawable before maturity (Less than 2 Cr)

Non-withdrawable before maturity   (Above 1 Cr – Less than  2 Cr)

General Public  (NR & Resident)

Resident Senior Citizen

General Public  (NR & Resident)

Resident Senior Citizen

500 Days

 7.75%

8.25%

7.90%

8.40%

To know more about the rates for different tenures, please visit https://www.federalbank.co.in/deposit-rate

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