Deposit Plus (Non-callable Deposit)

Features & Benefits

Federal Bank’s Deposit Plus is an investment option to provide higher interest rates for your idle money than normal deposits.


Minimum Amount:  ₹1,00,00,001/-
Minimum Period: 12 Months
Pre closure not allowed.
Monthly /Quarterly Interest pay-out options available.
Advance against deposit available
Additional rates for senior citizen are applicable.
TDS is applicable as per the tax laws.
Nomination facility available.


For more details, please visit the nearest Federal bank branch or contact on our 24 7 Toll free number: 18004251199/ 18004201199

Who can Invest ?

Any Resident individual either singly or jointly with others, Clubs, associations, Educational Institutions, Partnerships and joint stock companies and any other institutions, which are eligible to open a Resident Term Deposit, account as per Bank rules.


  • In the case of Fixed Deposits and Cash Certificates, applicable TDS will be deducted from the interest credited to operative account/ term deposit periodically.
  • Income tax will be deducted as per the law applicable and if the depositor‘s total income including the interest earned on deposit does not come under the purview of income tax, 15H/15G has to be submitted by the depositor to the branch after opening the term deposit and at the beginning of the Financial Year in the subsequent Financial Years.
  • With effect from 01 July 2011, for opening term deposit exceeding Rs. 50,000/- with the bank, it is mandatory to quote Permanent Account Number (PAN) of the customers or submit Form 60/61, duly signed.
  • In case the customer has no PAN number In the absence of PAN, Form 15G/H and other exemption certificates will be invalid even if submitted & penal TDS will be applicable.
  • As per section 206AA introduced by Finance (No. 2) Act, 2009 effective April 01, 2010, every person who receives income on which TDS is deductible shall furnish his PAN, failing which TDS shall be deducted at the rate of 20% in case of Domestic deposits
  • Kindly visit your Federal Bank branch with your PAN card (original & copy) to get the same updated on the bank accounts.
  • You can also apply for PAN through Federal Bank Branches.

Interest Rates & Charges

Interest rate will calculate on the basis of applicable term deposit rate + Mark up as decided by bank.


Check Interest Rates for Deposits