Cash Certificate

Federal Cash Certificate is a growth oriented scheme with high returns. If you are looking for an attractive investment scheme to put your hard earned money which doubles in the shortest span, with zero percent gambling, then Federal Cash Certificate is the ultimate option for you.

Features & Benefits



Minimum deposit amount for Cash certificate is just Rs. 1000/- 
There is no maximum amount for Cash certificate
Cash certificate has a minimum deposit period of 6 months and maximum deposit period is 10 years
Interest will be quarterly compounded and reinvested. Interest cannot be withdrawn before maturity of the deposit.
On the due date of the deposit, interest and principal amount will be credited to your Federal Bank Savings account automatically.
Cash certificates have the automatic renewal facility 
Nomination facility is available
You can get loan against Cash certificates up to 90% of deposit amount
Cash certificate can be opened through any branch of Federal Bank

How to invest?

Who can invest ?

  • Individuals
  • Individuals jointly with other Individuals
  • For Minor Individuals by Guardian
  • HUF
  • Sole proprietary concerns
  • Clubs/Associations
  • Firms 
  • Joint stock companies 
  • Any other entity not prohibited by RBI


How to invest ?

  • Opening a cash certificate is very easy. You can open the deposit either as online or offline.
  • If you are having FedNet - Internet Banking account, please visit FedNet to open Cash Certificate online.
  • If you do not have Internet banking facility activated, please visit your branch for opening the deposit.
  • Open cash certificate through our mobile banking application FedMobile.



Interest Rates & Charges


Tax Deducted at Source (TDS) for Deposits

  • 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, then 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.


Requirement of PAN

  • 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 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.

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Frequently Asked Questions- Cash Certificate

What is a Federal Bank Cash Certificate?

A Cash Certificate is a fixed deposit scheme offered by Federal Bank, where you can invest a lump sum amount for a fixed tenure and earn guaranteed returns.

What is the minimum and maximum tenure for a Federal Bank Cash Certificate?

The minimum tenure for a Federal Bank Cash Certificate is 6 months, and the maximum tenure is 10 years.
What is the minimum and maximum investment amount for a Cash Certificate?

The minimum investment amount for a Cash Certificate is ₹1,000, and there is no maximum investment limit.

What is the interest rate offered on Federal Bank Cash Certificates?

The interest rate on Cash Certificates varies based on the tenure and investment amount. Please click here for the latest interest rates.

Is premature withdrawal allowed for Cash Certificates?

Yes, premature withdrawal is allowed for Cash Certificates. However, the bank may levy certain penalties or charges for early withdrawal.

Can I avail a loan against my Cash Certificate?

Yes, you can avail a loan against your Cash Certificate. The loan amount can be up to 90% of the deposit value, subject to certain terms and conditions.

Can I open a Cash Certificate jointly with another person?

Yes, you can open a Cash Certificate jointly with one or more individuals. It can be opened as either "Jointly" or "Either or Survivor" mode.

Are Cash Certificates eligible for tax benefits?

The interest earned on Cash Certificates is taxable as per applicable income tax laws. However, the investment amount is not eligible for any tax benefits.

How can I open a Cash Certificate with Federal Bank?

You can open a Cash Certificate with Federal Bank by visiting the nearest branch or via Internet Banking or Mobile Banking. 

Are there any additional benefits for senior citizens?

Yes, senior citizens are eligible for an additional interest rate on Cash Certificates. 

What happens if I do not renew my Cash Certificate upon maturity?

If you do not renew your Cash Certificate upon maturity, the bank will credit the principal amount along with the interest earned to your linked savings or current account.

Can I open multiple Cash Certificates?

Yes, you can open multiple Cash Certificates with Federal Bank. There is no restriction on the number of certificates you can hold.