• Minimum deposit amount for Fixed deposit is just Rs. 1000/- 
• There is no maximum amount for Fixed deposit
• Interest can be withdrawn on specific frequencies as either monthly or quarterly or annually
• Fixed deposits have the automatic renewal facility 
• On the due date, interest and principal amount will be credited to your Federal Bank Savings account automatically.
• You can opt for monthly, half-yearly, quarterly or yearly interest payments, automatic renewals, automatic credit of interest and principal to your account on due dates etc
• Nomination facility is available
• You can get loan against Fixed deposits up to 90% of deposit 
• Fixed deposits have a minimum deposit period of 7 days and maximum deposit period is 10 years.

• 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.

Who can open fixed deposit?

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

• 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.