Federal Bank FD Calculator
Fixed Deposit Interest Rates on Domestic/NRO deposits of less than Rs 2 crore - General Public
| Period | General Public |
| 7 days to 29 days | 3 |
| 30 days to 45 days | 3.25 |
| 46 days to 60 days | 3.75 |
| 61 days to 90 days | 4 |
| 91 days to 119 days | 4.1 |
| 120 days to 180 days | 4.25 |
| 181 days to 332 days | 4.8 |
| 333 days | 5.45 |
| 334 days to less than 1 year | 4.8 |
| 1 year | 5.45 |
| Above 1 year to less than 20 months | 5.6 |
| 20 months | 5.9 |
| Above 20 months to less than 2 years | 5.6 |
| 2 years to 749 days | 5.75 |
| 750 days | 6.1 |
| 751 days to less than 5 years | 5.75 |
| 5 years to 2221 days | 5.75 |
| 2222 days | 6 |
| 2223 days to less than 75 months | 5.75 |
| 75 months | 6.1 |
| Above 75 months | 5.75 |
Note: The FD interest rates are effective as of 17 August 2022
Fixed Deposit Interest Rates on Domestic/NRO deposits of less than Rs 2 crore - Senior Citizens
| Period | Senior Citizen |
| 7 days to 29 days | 3.5 |
| 30 days to 45 days | 3.75 |
| 46 days to 60 days | 4.25 |
| 61 days to 90 days | 4.5 |
| 91 days to 119 days | 4.6 |
| 120 days to 180 days | 4.75 |
| 181 days to 332 days | 5.3 |
| 333 days | 5.95 |
| 334 days to less than 1 year | 5.3 |
| 1 year | 5.95 |
| Above 1 year to less than 20 months | 6.1 |
| 20 months | 6.4 |
| Above 20 months to less than 2 years | 6.1 |
| 2 years to 749 days | 6.25 |
| 750 days | 6.6 |
| 751 days to less than 5 years | 6.25 |
| 5 years to 2221 days | 6.4 |
| 2222 days | 6.65 |
| 2223 days to less than 75 months | 6.4 |
| 75 months | 6.75 |
| Above 75 months | 6.4 |
Note: The FD interest rates are effective as of 17 August 2022
Federal Tax Saving FD Rates - General Public
| Period | Regular Citizens |
| 5 years | 5.75 |
Note: The FD interest rates are effective as of 17 August 2022
Federal Tax Saving FD Rates - Senior Citizens
| Period | Senior Citizens |
| 5 years | 6.4 |
Note: The FD interest rates are effective as of 17 August 2022
NRE Fixed Deposit Interest Rates of Deposits less than Rs 2 crores
| Period | Interest Rates (% p.a.) |
| 1 year | 5.45 |
| Above 1 year to less than 2 years | 5.6 |
| 15 months | 6.4 |
| Above 15 months to less than 2 years | 5.6 |
| 2 years to 749 days | 5.75 |
| 750 days | 5.85 |
| 751 days to 999 days | 5.75 |
| 1000 days | 6.25 |
| 1001 days to 2221 days | 5.75 |
| 2222 days | 6 |
| 2223 days to less than 75 months | 5.75 |
| 75 months | 5.95 |
| Above 75 months | 5.75 |
Note: The FD interest rates are effective as of 28 July 2022
FCNR(B) Fixed Deposit Interest Rates of deposits
| Period | Interest Rates (% p.a.) | |||||||||||
| USD | GBP | EURO | YEN | CAD | AUD | CHF | NZD | SGD | HKD | |||
| Less than 75,000 | 75,000 to 2 lakhs | Above 2 lakhs | ||||||||||
| 1 year to less than 2 years | 3 | 3.55 | 3.85 | 2.1 | 0.05 | 0.05 | 2.4 | 2.4 | 0.05 | 0.05 | 0.42 | 0.33 |
| 2 years to less than 3 years | 3 | 3 | 3 | 2.4 | 0.05 | 0.05 | 2.5 | 2.5 | NA | NA | 0.84 | 0.72 |
| 3 years to less than 4 years | 2.75 | 2.75 | 2.75 | 2.45 | 0.05 | 0.05 | 2.6 | 2.6 | NA | NA | 0.78 | 0.74 |
| 4 years to less than 5 years | 2.5 | 2.5 | 2.5 | 2.2 | 0.1 | 0.05 | 2.6 | 2.6 | NA | NA | 0.78 | 0.65 |
| 5 years only | 2.5 | 2.5 | 2.5 | 2.2 | 0.1 | 0.05 | 2.6 | 2.6 | NA | NA | 0.8 | 0.57 |
Note: The FD interest rates are effective as of 17 August 2022
RFC Fixed Deposit Interest Rates of deposits
| Tenure | Interest Rates (% p.a.) | |||||||||
| USD | GBP | EURO | YEN | CAD | AUD | CHF | NZD | SGD | HKD | |
| 6 months to less than 1 year | 3 | 2.1 | 0.05 | 0.05 | 2.4 | 2.4 | 0.05 | 0.05 | 0.42 | 0.33 |
| 1 year to less than 2 years | 3 | 2.1 | 0.05 | 0.05 | 2.4 | 2.4 | 0.05 | 0.05 | 0.42 | 0.33 |
| 2 years to less than 3 years | 3 | 2.4 | 0.05 | 0.05 | 2.5 | 2.5 | NA | NA | 0.84 | 0.72 |
| 3 years only | 2.75 | 2.45 | 0.05 | 0.05 | 2.6 | 2.6 | NA | NA | 0.78 | 0.74 |
Note: The FD interest rates are effective as of 17 August 2022
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Federal Bank FD Calculator
Federal Bank fixed deposits can be suitable investment options if you are looking to grow your savings at minimal risk. Under Section 80C of the Income Tax Act, you can also claim a tax benefit if you invest in a tax-saver FD.
You can estimate the maturity and interest accrued from your FD easily with the help of an online Federal Bank FD calculator. This online tool will help you calculate the interest your money will earn when you invest in Federal Bank fixed deposit with just a few clicks.
Here’s more about this online tool.
Federal Bank Fixed Deposit (FD) Calculator
The Federal Bank fixed deposit interest rate 2022 ranges between 3.00% p.a. to 7.25% p.a. for the general public and 3.50% to 7.75% p.a. for senior citizens for investment below ₹2 crore. However, these FD rates vary depending on the tenure chosen. For instance, a shorter tenure FD deposit provides lower interest rate and vice versa. Therefore to avail of the highest interest rate, you should opt for longer investment tenure.
It can be beneficial to use an online Federal Bank FD calculator before moving ahead with FD investment. With this calculator, you can calculate the maturity amount seamlessly, and all you need to do is input information like tenure, investment amount and interest rate.
You can get an idea of the accrued interest your FD investment would bring.
How Does the Federal Bank Fixed Deposit (FD) Calculator Work?
To determine the maturity amount, you need to follow these simple steps:
- Enter your deposit amount on the “Total Investment” box
- Drag the purple slider until reaching the desired tenure, or you can enter the number of years in the following box provided.
- Now enter the FD interest rate.
- Finally, the screen will display your “Estimated Return” and “Total Value” received against your FD investment in Federal Bank.
Fixed Deposit interest rate is calculated in two ways, i.e, simple interest and compound interest:
For compound interest, the formula is:
A = P(1+r/n)^n x t
In this given formula:
- A stands for your total maturity amount
- t denotes the maturity period or tenure of your deposit
- r implies the Federal Bank fixed deposit interest rate
- P denotes your total invested amount
- n denotes the number of times the interest is compounded. For instance, n is equal to 4 if it is quarterly compounded, and it is 2 in the case of half-yearly.
While using a Federal Bank FD calculator, you need to enter certain inputs to calculate a precise interest amount.
For a brief understanding of how this works, consider the below mentioned:
Suppose you invest ₹1,00,000 in an FD Federal Bank FD account with a tenure of 3 years at an annual compounding interest rate of 6.5%.
So as per the formula:
A = 1,00,000 (1 + 6.5%/1) ^ 1×3
A = ₹ 1,21,341
So the interest amount is A-P, i.e., ₹ (1,21,341 – 1,00,000) = 21,341.
On the contrary, for simple interest, the formula used is:
M= P+ (PXRXT/100),
In this given formula,
P is the investment amount, M is the maturity amount, T is the tenure of investment, and R is rate of interest.
Benefits of an Online Federal Bank Fixed Deposit Calculator
Online devices like these are easy to use and involve no complicated procedures. Here are some distinct advantages of using this calculator:
1. One of the notable advantages of using this online device is the ability to produce customised results. Here you can alter different inputs to find a suitable investment option with an appropriately chosen tenure that suits your investment goals.
2. Since manual calculations leave room for errors, taking the assistance of this online will mitigate this issue. This device will generate error-free results depending on the data provided.
3. Prior knowledge of the maturity or interest amount earned allows you to choose an FD scheme that aligns with your financial objectives.
4. This online device is readily available online, and there is no restriction on its usage. As a result, you can use it as many times as you want.
5. You need not provide any personal details to log in.
To plan your financial future, it is crucial to have an idea of the returns you can anticipate from a particular investment. With Upstox Federal Bank fixed deposit calculator, you can get a clear picture of returns that you’d get from investing in Federal Bank fixed deposit schemes.
Frequently Asked Questions
What is the maximum and minimum amount of investment for Federal Bank FD?
The minimum investment in Federal Bank FD is ₹1000. However, there are no limits on the maximum amount of investment in Federal Bank FD except for tax-saving FD.
Do senior citizens get additional interest rates on FDs?
Yes, this financial institution offers preferential 0.5% rates to senior citizens to their FDs. The interest rate ranges from 3.50% to 7.75% p.a. for investments below ₹2 crore.
Can I withdraw FD before maturity?
This bank allows its depositors to withdraw the maturity amount prematurely. However, the bank will charge a penalty of 1% on the applicable FD interest rate for premature withdrawal.
Is there any auto-renewal facility for Federal Bank fixed deposits?
Yes, this financial institution has an auto-renewal facility for depositors.
Who are eligible to open a Federal Bank fixed deposit account?
Any Indian citizen can open a Federal Bank deposit account by visiting the nearest branch or from the official website.
Can I deposit an extra amount into an already existing FD?
No, you will not be able to invest or add more money to an ongoing existing fixed deposit.
Does the Federal Bank provide a loan against FD?
Yes, you can avail of up to 90% of the amount in the FD account as a loan.
What is the lock-in period for Tax Saving Scheme?
Deposits for Tax Saving Scheme have a lock-in period of 5 years, and you can withdraw this amount only after 5 years.
Disclaimer:
This calculator is meant to be used for indicative purposes only. It is designed to assist you in determining the appropriate amount of prospective investments. This calculator alone is not sufficient and shouldn’t be used for the development or implementation of any investment strategy. Upstox does not take the responsibility/liability nor does it undertake the authenticity of the figures calculated therein. Upstox makes no warranty about the accuracy of the calculators/reckoners. The examples do not claim to represent the performance of any security or investments. In view of the individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor before making any investment decisions on the basis of the results provided through the use of this calculator.