Federal Bank revises deposit rates, hikes Resident and Non-resident deposit rates
Interest Rate for 500 days is increased to 7.75% and 8.25 % for resident senior citizens.
18th 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.
Join PSU Connect on WhatsApp now for quick updates! Click here
Read Also : OPEC+ members expected to hike oil production in August 2025; Check details
The 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.
Read Also : CBI Arrests Northern Railways Engineer and Trackman in 34000 Rupees Bribery CaseNew 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% |
Other details can be accessed from the official website of the bank.
Read Also : Mr Nehru Singh B to take charge as Chief Risk Officer of South Indian Bank