Federal Bank Savings Account Interest Rate

According to the bank's official website, the new rates take effect on October 29, 2022.

Savings account interest rates of Federal Bank are linked to the repo rate which is now 5.90%.

End Of the Day Balance 

Less Then 5 Lakh

2.90% Below RBI Repo Rate

Rate of Interest

End Of the Day Balance 

5 Lakh to less then 50 Lakh

2.90% Below RBI Repo Rate for Amount Up to And Including  1 Lakh

Rate of Interest

2.85% Below RBI Repo Rate for the Remaining Balance Above  1 Lakh

End Of the Day Balance 

50 Lakh to less then 5 Crore

2.90% Below RBI Repo Rate for Amount Up to And Including  1 Lakh

Rate of Interest

2.80% Below RBI Repo Rate for the Remaining Balance Above  1 Lakh

End Of the Day Balance 

5 Crore to less then 50 Crore

2.90% Below RBI Repo Rate for Amount Up to And Including  1 Lakh

Rate of Interest

.40% Below RBI Repo Rate for the Remaining Balance Above  1 Lakh

End Of the Day Balance 

50 Crore to less then 150 Crore

2.90% Below RBI Repo Rate for Amount Up to And Including  1 Lakh

Rate of Interest

.10% Below RBI Repo Rate for the Remaining Balance Above  1 Lakh