Federal Fixed Deposit scheme features and benefit
Federal Bank Minimum FD deposit amount Will Be just Rs. 1000/-
There is no maximum amount for Federal Bank Fixed deposit
Interest can be withdrawn on either monthly or quarterly or annually Basis
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.
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.