17th January 2024, Mumbai: Federal Bank has revised interest rates for both resident and Non-resident deposits with effect from 17th January 2024.
Interest Rate for 500 days is increased to 7.75% and 8.25 % for resident senior citizens.
Interest rate for non-withdrawable fixed deposits for 500 days is increased to 7.90% and for resident senior citizens, Federal Bank is now offering a maximum return of 8.40% for 500 days tenures.
New Deposit Rates are as follows:
| Tenure | Withdrawable before maturity (Less than 2 Cr) | Non-withdrawable before maturity (Above 1 Cr – Less than 2 Cr) | ||
| General Public (NR & Resident) | Resident Senior Citizen | General Public (NR & Resident) | Resident Senior Citizen | |
| 500 Days | 7.75% | 8.25% | 7.90% | 8.40% |
