How to find the best rates for Federal Bank
Federal bank is a major private sector bank operating throughout India. Established pre-independence in Kerala, Federal Bank currently ranks as the fourth largest bank in terms of capital base in India. The bank offers fixed deposit products of various tenors and interests, and are meant for all class of applicants.
You can check the latest interest rates from Federal Bank in the table given above. Fixed deposit rates are highly dynamic figures that tend to change according to the market or company policies. As such, you should be sure you have the latest rates before applying for a fixed deposit account.
Federal Bank short term FD rates
Interest rates on fixed deposits from Federal Bank start from 5% on a very short-term holdings of 7 - 45 days. Interest rates become more attractive at 7% on deposits held beyond 46 days to 59 days. This is enhanced by 0.5% to 7.5% for deposit periods between 60 days and 119 days. The highest rate on short-term holdings is offered on deposit tenures of 120 days at 8.5%. Between 121 days to a year, returns are offered at 0.75% less at 7.75% p.a.
Federal Bank medium and long term FD rates
For deposits held over a year, the bank offers a flat rate of 8.75% p.a.
Federal Bank Senior citizen FD rates
The bank offers senior citizens an additional 0.5% p.a. on card rates across all tenures. Short-term FD rates for seniors are in the range of 5.5% to 9% and medium to long-term holdings are at 9.25%.
No comments:
Post a Comment