Green Deposits
Features & Benefits
Now you can contribute to the environment while you invest your money!
Federal Bank is glad to introduce Green Deposits, a fixed deposit for a specific tenure, where the amount deposited by you will be used for lending to renewable energy projects, green building projects and projects in smart agri, water or waste management projects etc.
How to Invest ?
- You can invest in Green Deposit either via online or offline mode
- Please visit FedNet/FedMobile to open deposit online and select the period as 72Months and 30 Days
- If you do not have online banking facility activated, please visit your branch for opening the deposit
Who can Invest ?
Resident or NRI
- Individuals
- Individuals jointly with other Individuals
- Guardian for Minor Individuals
- HUF
- Sole Proprietary concerns
- Clubs/Associations
- Firms
- Joint stock companies
- Any other entity not prohibited by RBI
TDS and PAN
- In the case of Fixed Deposits, applicable TDS will be deducted periodically from the interest credited to operative account/ term deposit
- 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 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.

Fixed Deposits
Features & Benefits
Fixed Deposit is the right option for those who wish to invest their hard earned money and get periodical income by way of interest.

Cash Certificate
Features & Benefits
Cash Certificate is a growth oriented scheme for those investors who are looking to double their money in the shortest time at zero risk. 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.

Green Deposit
Features & Benefits
Now you can contribute to the environment while you invest your money! Green Deposits is a fixed deposit for a specific tenure, where the amount deposited by you will be used for lending to renewable energy projects, green building projects and projects in smart agri, water or waste management projects etc.

Tax Saving Deposit
Features & Benefits
Are you looking for the ways to save income tax ? Then Federal Tax Savings Deposit will be the convenient and risk free option for you. Tax benefits under Sec. 80 C of the Income Tax Act is applicable. In the case of joint accounts, tax benefits are available to first account holder.Tax Savings Deposits are having a fixed period of 5 years.

Recurring Deposit
Features & Benefits
A recurring deposit is a type of term deposit which allows you to save a fixed amount every month systematically. Federal Savings Fund is a simple, yet brilliant recurring deposit scheme to save small amounts of money each month to plan for your future needs or to save towards a goal. You can choose any amount and term according to your convenience. If you feel it is tedious to make a monthly payment then we have the standing instructions facility. One can even avail a loan against the recurring deposit.

Millionaire Deposit
Features & Benefits
Millionaire Federal Savings Fund is a unique recurring deposit plan that lets you invest systematically over a period of time and makes you a millionaire on maturity.Any Resident or NRI customer can open this deposit.