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Federal Bank announced new interest rates for Resident Term Deposits effective April 17, 2025. Rates range from 3.00% to 7.80%, with higher rates for senior citizens.
Federal Bank revises interest rate on FDs of different tenures.
Repo Rate Cut Impact: Federal Bank has announced new interest rates for Resident Term Deposits, effective from April 17, 2025. These revised rates, applicable for deposits less than Rs 3 crore, vary for the general public and senior citizens.
For deposits ranging from 7 to 29 days, the interest rate is set at 3.00% for the general public and 3.50% for senior citizens. Deposits with a tenure of 30 to 45 days will earn interest at 3.50% for the general public, while senior citizens will receive 4.00%.
For a period of 46 to 90 days, the rates are 4.50% for the general public and 5.00% for senior citizens. When the deposit period extends from 91 to 180 days, the interest rates increase to 5.00% for the general public and 5.50% for senior citizens.
Deposits held for 181 to 270 days will earn 6.00% for the general public and 6.50% for senior citizens. For durations of 271 days to less than 1 year, the rates are 6.50% for the general public and 7.00% for senior citizens.
A 1-year deposit will attract an interest rate of 6.85% for the general public and 7.35% for senior citizens. Deposits that extend beyond 1 year up to 443 days are set at 7.00% for the general public and 7.50% for senior citizens. Notably, a specific tenure of 444 days will have rates of 7.30% for the general public and 7.80% for senior citizens.
For deposits ranging from 445 days to 5 years, the interest rates are 7.00% for the general public and 7.50% for senior citizens. Finally, for deposits spanning over 5 years up to 10 years, the rates are 6.50% for the general public and 7.00% for senior citizens.
These adjusted rates aim to provide competitive returns and cater to the needs of different deposit holders.
Interest rates for Resident Term Deposits effective from 17-04-2025 (Rates in % p.a)
| Period | Single Deposit Less than ₹300 Lakhs – General Public | Single Deposit Less than ₹300 Lakhs – Senior Citizen |
|---|---|---|
| 7 days to 29 days | 3.00% | 3.50% |
| 30 days to 45 days | 3.50% | 4.00% |
| 46 days to 90 days | 4.50% | 5.00% |
| 91 days to 180 days | 5.00% | 5.50% |
| 181 days to 270 days | 6.00% | 6.50% |
| 271 days to less than 1 year | 6.50% | 7.00% |
| 1 year | 6.85% | 7.35% |
| Above 1 year to 443 days | 7.00% | 7.50% |
| 444 days | 7.30% | 7.80% |
| 445 days to 5 years | 7.00% | 7.50% |
| Above 5 years to 10 years | 6.50% | 7.00% |
Interest rates for Annuity Deposits with effective from 17-04-2025
| Period | Rates of Interest (Rates in % p.a) | |
| General Public | Senior Citizen* | |
| 5 years | 7.00% | 7.50% |
| Above 5 years to 10 years | 6.50% | 7.00% |
| Above 10 years to 20 years | 6.00% | 6.15% |
