Urban Money

Federal Bank FD (Fixed Deposit) Calculator

  • 5 K
  • 1 Cr
Years
  • 1
  • 25
%
  • 1
  • 15

Future Value

Investments To Returns Ratio:

Amount Invested

Wealth Gained

Future Value

Federal Bank FD Calculator aids in determining the profits of FD investments. Additionally, the FD calculator only needs basic information like the investment amount, target amount, investment term in years, and interest rate. Better financial planning is made possible with the help of the Federal Bank FD calculator's output. However, it is essential to realise that the Federal Bank FD Calculator offers an estimate and makes no profit promises. Additionally, the actual return may differ, and the precise maturity amount won't be known until after a person invests in a Federal Bank FD.

Federal Bank Fixed Deposit Features

The Features of the Federal Bank Fixed Deposit Scheme are listed below:

  • A practical selection of deposit terms, ranging from 7 days to 5 years and beyond.
  • Having a nominal minimum deposit allows everyone to begin saving.
  • There is no cap on deposits.
  • Interest is paid out monthly, quarterly, half-yearly, and annually.
  • Automatic credit of the sum to the savings account at Federal Bank at maturity.
  • There is a facility for automatic renewal.
  • There is a nomination facility.
  • You can get a loan of up to 90% of your deposit.

What is a Federal Bank Fix Deposit Calculator?

Using the online calculator for that product, you may estimate the interest your money will receive when maintained in a fixed deposit at Federal Bank. This will provide information about the investment, including the principal amount at maturity after interest has been compounded daily, monthly, quarterly, half-yearly, and annually. Online calculators can help you learn how your fixed deposit produces interest and how much you will earn upon the fixed deposit maturity. 

How to Use Federal Bank FD Calculator? 

A user-friendly and simple-to-use fixed deposit calculator has been provided by Urban Money to remove the hassle associated with FD computations. Determine how investing in a fixed deposit will help you earn greater returns by entering the value of your options.

You must enter these inputs:

  • Investment duration
  • Investment amount in FDs
  • Interest rate anticipated at maturity.

You must slide the scrollbar left and right to enter these values. The calculator will display the result on the right half of the screen when you enter the values.

The FD calculator will calculate the entire interest received and provide you with the maturity amount.

Does Formula To Determine Federal Bank FD return?

To calculate the FD returns on Federal Bank, you can use the following formula: 

A = P (1 + r/n)^n*t

Here,

  • A is the FD maturity amount
  • P represents the investment sum
  • t denotes the investment term
  • r is the annual rate 
  • n stands for the number of times the interest will be compounded

The Urban Money AI-powered FD calculators are programmed with the same formula to provide quick and accurate results. 

Benefits of using Federal Bank Fix Deposit Calculator

The following list includes the primary advantages and characteristics of the Federal Bank Fixed Deposit Scheme:

  • The scheme's duration extends from 7 days to 10 years.
  • The money accessible in the FD account may be borrowed against up to 90%.
  • Nomination facility is available.
  • There is a facility for auto-renewal.
  • The greatest amount that can be deposited has no upper limit.
  • A deposit of at least Rs.1,000 must be deposited.
  • Investors can opt for half-yearly, quarterly or yearly interest payouts.
  • Minimum deposit period of seven days while a maximum deposit period of 10 years. 

Federal Bank Fix Deposit Interest Rates

The below table shows the Fix Deposit interest rates below Rs. 2 Crores.

Tenure Interest Rate for General Public Interest Rate for Senior Citizens
7 days to 29 days 3.00% 3.50%
30 days to 45 days 3.25% 3.75%
46 days to 60 days 4.00% 4.50%
61 days to 90 days 4.25% 4.75%
91 days to 119 days 4.50% 5.00%
120 days to 180 days 4.75% 5.25%
181 days to 270 days 5.75% 6.25%
271 days to less than one year 6.00% 6.50%
one year 6.75% 7.25%
Above one year to less than 18 months 6.60% 7.10%
18 months to 2 years 7.25% 7.75%
Above two years to less than three years 6.75% 7.25%
three years to less than five years 6.50% 7.00%
five years to 2221 days 6.30% 6.95%
2222 Days 6.40% 7.05%
2223 days and above 6.30% 6.95%

Comparison of Federal Bank FD interest rate with other Banks

The table below shows a comparison of Federal Bank FD Interest Rates with other banks and lending institutions.

Name  Tenure Interest Rate (%)
Federal Bank 3 Months - 10 Years 3%-6.30%
DHFL FD 1 Year - 10 Years 8.25%-8.95%
Axis Bank FD 6 Months - 5 Years 5.25%-6.50%
Bajaj Finance FD 1 Year - 5 Years 6.55%-7.40%
SBI Bank FD 3 Months - 10 Years 4.50%-6.10%
HDFC Bank FD 3 Months - 10 Years 4.50%-6.25%
ICICI Bank FD 3 Months - 10 Years 4.50%-6.25%
Canara Bank FD 3 Months - 10 Years 4.50%-6.50%
Union Bank of India FD 3 Months - 10 Years 3.00%-6.70%
Bank of Baroda FD 3 Months - 10 Years 4.00-5.65%

Frequently Asked Questions (FAQs)

What is the current FD interest rate of Federal Bank?

The current FD interest rate of the Federal Bank lies between 5.75% to 6,25%.

What is the interest of 1 lakh in Federal Bank?

The interest for 1 Lakh of FD in Federal bank is 7.40%

Can I take a loan against a fixed deposit in Federal Bank?

Yes, one can avail of a loan against a fixed deposit in Federal Bank.

Can I withdraw my FD before maturity in Federal Bank?

One can only withdraw their FD after maturity in Federal Bank.

Is Federal Bank safe for FD?

Federal Bank FDs are safe as the RBI’s Insurance Scheme secures all its deposits.

How is FD maturity calculated in Federal Bank?

One can calculate the FD returns on Federal Bank by using the following formula: 

A = P (1 + r/n)^n*t

What are the Federal Bank FD interest rates for senior citizens?

The Federal Bank’s FD interest rate for senior citizens varies between 3.50% to 6.95%.