Federal Bank FD Calculator
Federal Bank Fixed Deposit Calculator 2021
Federal Bank FDs have tenures ranging from 5 years to 5 years with maximum rate of interest of 5.50%. Interest rates for senior citizens are higher than the normal rates and ranges upto 6.00%.
| Tenure | Rates | Maturity Amount for ₹ 1 Lakh |
|---|---|---|
| 7 days to 29 days | 2.50% to 3.00% | ₹ 1,00,048 - ₹ 1,00,238 |
| 46 days to 90 days | 3.00% to 3.50% | ₹ 1,00,378 - ₹ 1,00,863 |
| 91 days to 180 days | 3.75% to 4.25% | ₹ 1,00,935 - ₹ 1,02,107 |
| 181 days to 270 days | 4.00% to 4.50% | ₹ 1,01,993 - ₹ 1,03,366 |
| 271 days to 364 days | 4.40% to 4.90% | ₹ 1,03,302 - ₹ 1,04,977 |
| 1 year to 1 year 15 months 29 days | 5.10% to 5.60% | ₹ 1,05,198 - ₹ 1,13,833 |
| 2 years to 4 years 364 days | 5.35% to 5.85% | ₹ 1,11,215 - ₹ 1,33,672 |
| 30 days to 45 days | 2.75% to 3.25% | ₹ 1,00,226 - ₹ 1,00,401 |
| 5 years | 5.50% to 6.00% | ₹ 1,31,407 - ₹ 1,34,686 |
| 16 months | 5.30% to 5.80% | ₹ 1,07,273 - ₹ 1,07,980 |
| 16 months 1 day to 1 year 11 months 29 days | 5.10% to 5.60% | ₹ 1,07,006 - ₹ 1,11,743 |
Federal Bank Fixed Deposit Calculator
Federal Bank fixed deposit calculator helps you to calculate maturity value of your deposited amount at the interest rate offered compounded at quarterly. The amount of fixed deposits, interest rates on FD, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.
Federal Bank Fixed Deposit Interest Calculator – Interest Payment Options
FD Maturity Calculator
The interest earned on a fixed deposit in Federal Bank depends on the deposit amount, interest applicable, deposit tenure and the type of interest calculation frequency. Interest on Federal Bank FD can be calculated monthly, quarterly, half-yearly and annually. The interest rates for senior citizens are higher than normal rates of Federal Bank FD.
Suppose if you make an investment of ₹ 1,00,000 in Federal Bank FD for a 5-year tenure at an interest rate of 5.50% for depositors below 60 years and 6.00% for senior citizens. The maturity amount for this deposit amount is ₹ 1,31,407 and the total interest earned is ₹ 31,407 for below 60 years age citizens. However, the interest earned for senior citizens is ₹ 34,686 which is higher. The maturity schedule of Federal Bank FD for 5 years is explained below in the table –
Maturity Schedule for ₹ 1,00,000 FD at 5.50% for Citizens below 60 years and at 6.00% for Senior Citizens for 5 years
| Year | Citizens below 60 Years of Age | Senior Citizens above 60 Years | ||||
|---|---|---|---|---|---|---|
| Interest Earned | Closing Balance | Interest Earned | Closing Balance | |||
| 2021 | ₹ 5,614 | ₹ 1,05,614 | ₹ 6,136 | ₹ 1,06,136 | ||
| 2022 | ₹ 5,930 | ₹ 1,11,544 | ₹ 6,513 | ₹ 1,12,649 | ||
| 2023 | ₹ 6,263 | ₹ 1,17,807 | ₹ 6,913 | ₹ 1,19,562 | ||
| 2024 | ₹ 6,614 | ₹ 1,24,421 | ₹ 7,337 | ₹ 1,26,899 | ||
| 2025 | ₹ 6,986 | ₹ 1,31,407 | ₹ 7,787 | ₹ 1,34,686 | ||
Federal Bank FD Calculator Formula
Along with online FD Calculator, you can use the formula to do the mathematical calculation of the maturity amount and interest earned on Federal Bank FD.
A = P (1 + r/n) ^ n*t
In the above formula –
Other Investment Calculators
FAQs
✅What is the highest interest earned on Federal Bank fixed deposit?
You can earn a maximum interest of 5.50% on Federal Bank fixed deposit.
✅How is Federal Bank FD interest calculated?
The formula to calculate interest on Federal Bank FD is
A = P(1+r/n)^nt
Here: A = Maturity amount
P = Invested amount
r = Interest rate as decimal
n = number of times interest is compunded
t = tenure of deposit
However, you can use online FD calculator to estimate the value of interest earned on the deposited amount.
✅How many years FD will double in Federal Bank?
The growth of Federal Bank FD depends on the rate of interest and tenure. There is a method called Rule 72, which computes the number of years it will take to double one’s amount invested in Federal Bank FD. Now to apply the rule, one needs the rate of interest we get on FD. Let’s say the interest offered on FD is 6.95%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/6.95 = 10.36. So it will take a little more than 14 years for one’s investment to get doubled in Federal Bank.
✅What are the minimum and maximum amounts that I can invest in an Federal Bank FD?
The minimum investment limit in Federal Bank Fixed deposit account is ₹ 1,000 and there is no maximum investment limit on FD.
- 2021-01-06 : Federal Bank’s gross advances rise 6% YoY in Q3
Federal Bank reported a 12% increase in total deposits which includes fixed and recurring deposits for the third quarter of the fiscal. Further the bank reported an increase of 6% rise in gross advances which includes home, personal, gold, car, two-wheeler and education loans along with business and mudra loans. CASA ratio stood at 34.48% at the end of December 31, 2020, from 33.38% as on September 30, 2020. - 2020-12-29 : Federal Bank revised its FD rates
With effect from 29 December 2020, Federal Bank revised its FD rates. The revised rates for 7 to 29 days is 2.50%, the rates for 30 to 45 days is 2.75% and it stands at 3% for 46 to 90 days. The rate for 90 to 180 days is 3.75%, it is 4% for 180 to 270 days and stands at 4.40% for 271 to 364 days. In addition to this, the rate for long tenors of 16 months is 5.30%, it is 5.10% for 16 months 1 day to 1 year 11 months 29 days to 2 years to 4 years 364 days. The fixed deposits rate for 5 years is 5.50%. - 2020-07-16 : Federal Bank Q1 net profit up 4.3%
Federal Bank net profit backed by retail loans like home, personal, gold, car and two-wheeler along with business and mudra loans rose by 4.3% to Rs 400.77 crore in Q1 June 2020 over Q1 June 2019. Further, The Bank total deposits which include fixed and recurring deposits reached Rs 1,54,937.74 crore in Q1 June 2020, registering a 16.9% growth from Q1 June 2019. - 2019-05-07 : Federal Bank Q4 net jumps 163% at Rs. 382 crores
Private sector lender, Federal Bank has reported a 163% growth in net profit for the quarter ended March 31, boosted by strong growth across its retail loans segment including home loans and SME loans and fixed deposits. In addition, the lender’s Net interest income (NII) for the quarter increased by 16.57% to Rs. 4,176 crore. The housing loans registered a growth of 32.16%. While the SME loans grew by 12%.
