How to Open Federal Bank Fixed Deposit Online
Federal Bank offers the Fixed Deposit (FD) scheme at interest rates ranging between 3.00% p.a. and 7.30% p.a. for a deposit of up to Rs.2 crore. The tenure of the FD ranges between 7 days and 10 years. Senior citizens are offered an additional interest.
The process to open an FD account with the bank is simple and can be completed both online and offline.
Process to Open an FD Account - Online
Net Banking
The procedure to open an account via net banking is mentioned below:
- Visit https://www.federalbank.co.in/.
- Click on 'Net Banking'.
- On the next page, click on 'Personal Banking'.
- Next, click on 'Continue to Login'.
- On the next page, enter the user ID, password, and verification code.
- Click on 'Log In'.
- Once on the main page, you will find the option to open an FD account under the deposits section. You will need to choose the tenure and deposit amount to open an account.
Mobile Banking
The procedure to open an FD account via the mobile app is mentioned below:
- Download the 'Fed Mobile' app for the Google Play Store or App Store.
- Log in to the app by entering the PIN. The registration process must be completed before you can log in.
- Next, select 'Investments'.
- Select 'Bank Deposits'.
- Choose 'FD' and click on 'Proceed'.
- Next, you will need to choose the tenure, deposit amount, and type of FD.
- Next, you will need to choose the account from where the money must be deposited from. Nominations can also be added. Once the relevant details have been filled in, the FD account will be opened.
Process to Open an FD Account - Offline
You can open an FD account by visiting the nearest Federal Bank branch. Once the application form and the relevant documents have been submitted, the FD account will be opened.
Benefits of Opening an FD Account Online
The main benefits of opening an FD account online are mentioned below:
- Simple Renewal and Closure Process - The process to close or renew the FD account is simple if it is opened online. You will not have to visit the bank to close or renew the account.
- Payments are Simple - The process to deposit money into the account is simple in case it is opened online. You can transfer the deposit amount from the savings account.
- Saves Time - Opening an FD account online is simple and takes less time as you do not have to visit the bank.
Apply for Other Banks FD
- Apply for SBI FD
- Apply for HDFC FD
- Apply for Axis Bank FD
- Apply for Post Office FD
- Apply for Canara Bank FD
- Apply for IDBI Bank FD
- Apply for Bank of India FD
- Apply for Bank of Maharashtra FD
- Apply for Union Bank FD
- Apply for Indian Bank FD
- Apply for Central Bank of India FD
- Apply for IOB FD
- Apply for Abhyudaya Bank FD
- Apply for Oriental Bank FD
- Apply for IndusInd Bank FD
- Apply for Standard Chartered Bank FD
- Apply for Yes Bank FD
- Apply for Kotak Bank FD
- Apply for PNB FD
- Apply for RBL Bank FD
- Apply for HSBC Bank FD
- Apply for Bank of Baroda FD
- Apply for KVB FD
FAQs on How to Open Federal Bank FD Online
- Which of Federal Bank's fixed deposits is the best?
For regular citizens with a tenure of 5 years or more, the highest FD rate offered by Federal Bank is 5.35%. The highest Federal Bank rate for older citizens is 6% for tenures of five years or more.
- What is the Federal Bank's minimum FD amount?
The minimum amount needed to open a Federal Bank fixed deposit account is Rs.1,000.
- How can I open a Federal Bank fixed deposit account?
A Federal Bank fixed deposit is fairly simple to open. You have the option of opening the deposit offline or online. Please go to FedNet to open a Cash Certificate if you have an Internet Banking account with FedNet. To open the deposit if you do not have Internet banking enabled, please go to your branch.
- How can I withdraw a fixed deposit with Federal Bank online?
You can use FedNet to make an offline request to close a fixed deposit that you opened online. Online term deposit accounts can be started, and you can close them with a Fednet offline request if deposit receipts haven't been printed yet.
- Is it safe to open a Federal Bank Fixed Deposit account?
The fixed deposit plans offered by Federal Bank provide attractive returns on deposits at competitive interest rates, while also guaranteeing the highest level of security and convenience for your money. Convenient investment tenures are available, ranging from 7 days to 5 years and beyond.
- What is the penalty of premature withdrawal in Federal Bank fixed deposit account?
While the bank charges a 1% fee for early withdrawals of fixed deposits for durations up to and including 15 days, it does not apply to withdrawals made on a single deposit of 2 crore or more for periods longer than 15 days.
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