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Federal FD Calculator

Federal Bank Fixed Deposit Interest Calculator

Last Updated 25th Jun 2021

Federal Bank FDs have tenures ranging from 5 years to 5 years with maximum rate of interest of 5.60%. Interest rates for senior citizens are higher than the normal rates and ranges upto 6.25%.

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
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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.

  • Deposit amount – This is the initial amount deposited by a customer in Federal Bank. Bank may allow higher interest rate on larger deposits. Federal Bank offers deposit amount in the range of 1,000 to No Limit.
  • Rate of Interest - Interest rate is the rate charged by the bank on your fixed deposit. Federal Bank offers a higher rate of interest on fixed deposits of longer tenure and lower interest rate on deposits of less than a year. Highest interest rate offered by Federal Bank is 5.60% for deposit amount below Rs. 50 Lakh corresponding to a deposit tenure of 5 years to 5 years.
  • Period of deposit - Bank offers low interest rate for short tenure FDs and higher interest rate for long tenure FDs. Bank offers a rate of 2.50% for a 5 years FD and a rate of 5.60% for a 5 years FD.
  • Interest Compounding Frequency - This determines the frequency at which interest is compounded. Compounding frequency can be monthly, quarterly, half yearly or annual frequency.
  • TDS applicability and TDS rate
    • Illustration: Mr. A opens a FD account of ₹ 1,00,000 with a tenure of 7 days at an interest rate of 2.50%. In this case, the maturity amount at the end of 7 days will be ₹ 1,00,671 which includes the principal of ₹ 1,00,000 and interest of ₹ 671 is earned on the principal amount during the period. Similarly, you can calculate the interest and maturity amount for higher tenures by using FD calculators.

      Federal Bank calculates quarterly interest on its fixed deposits. You can also opt for tax saving scheme to save tax on fixed deposit.

Federal Bank Fixed Deposit Interest Calculator – Interest Payment Options

  • In a periodic interest payout option, Federal Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • In case you opt for a Federal Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
  • Calculate the FD maturity amount using the FD calculator.

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 5.60% for depositors below 60 years and 6.25% for senior citizens. The maturity amount for this deposit amount is ₹ 1,32,056 and the total interest earned is ₹ 32,056 for below 60 years age citizens. However, the interest earned for senior citizens is ₹ 36,354 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 5.60% for Citizens below 60 years and at 6.25% 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 ₹ 2,820 ₹ 1,02,820 ₹ 3,149 ₹ 1,03,149
2022 ₹ 5,880 ₹ 1,08,700 ₹ 6,599 ₹ 1,09,748
2023 ₹ 6,216 ₹ 1,14,916 ₹ 7,022 ₹ 1,16,770
2024 ₹ 6,572 ₹ 1,21,488 ₹ 7,471 ₹ 1,24,241
2025 ₹ 6,948 ₹ 1,28,436 ₹ 7,949 ₹ 1,32,190
2026 ₹ 3,621 ₹ 1,32,057 ₹ 4,163 ₹ 1,36,353

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 –

  • A - Amount received on maturity
  • P – Deposit amount
  • r - Annual interest rate
  • n - Number of times the interest is compounded
  • t is Investment tenure

Other Investment Calculators

FAQs

What is the highest interest earned on Federal Bank fixed deposit?

You can earn a maximum interest of 5.60% 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.


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Federal News - Jul 2021
  • 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%.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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