Federal Bank has a bouquet of deposit products to choose from.
If you are looking for personal accounts with cheque books facility please opt for Savings Bank Accounts.
If you are a business firm or corporate looking for an account to collect your receivables and make payments to your suppliers and creditors choose Current Accounts.
If you want to deposit your funds for a period, ranging from a few days to a number of years, you are looking for Term Deposits. Term Deposits with Federal Bank fetches you good return coupled with high security. See link to our credit rating page on the side menu.
Term Deposits come in three flavors- Fixed Deposit, Cash certificate and Recurring Deposit
Fixed Deposit
If you want to withdraw periodical interest accrued in the account opt for Fixed Deposits.
Cash Certificate
When you do not prefer periodical interest payments, you can get compound interest (ie interest on interest) on your deposit and the principal with interest is payable at the end of the period.
Cash Certificates from Federal Bank offers you these features.
Recurring Deposits
You are person who want to plan for the future but would like to make only systematic small deposits over a period of time, recurring deposits are for you. Federal Bank offers the most convenient
Federal Savings Fund (FSF) exactly to meet this requirement.
We have yet another recurring deposit, FedSecure, which will give you an in-built insurance cover with very low premium. Check out the features of FedSecure deposit.
We offer attractive interest rates for Term deposits. Check out the latest interest rates for term deposits