Mumbai, Maharashtra, 12th of November, 2026 : Federal Bank has enhanced the additional interest rate benefit offered to senior citizens on term deposits from 0.50% to 0.60%. With this revision, senior citizens can now earn up to 7.50% per annum on term deposits for select tenor, among the most competitive rates available in the market.
The revised rates are applicable for deposit tenures of 18 months and 2 years to less than 3 years. Senior Citizens can avail:
7.40% p.a. on term deposits with premature withdrawal facility, translating into an effective annualized yield of up to 8.18% for a 35-month tenure. 7.50% p.a. on term deposits of ₹1 crore and above without premature withdrawal facility, offering an effective annualized yield of up to 8.30% for a 35-month tenure.
For the same tenures, the general public (including NRIs) will also be eligible for interest rates of 6.80% p.a. and 6.90% p.a., respectively. The revised interest rates are effective from November 12, 2026, and are applicable to a single term deposits below ₹3 crore.
Speaking on the enhancement, Joy P V, EVP & Country Head – Retail Liability & Fee Products, Federal Bank said, “The revised rates reinforce our commitment to providing superior value to customers, especially senior citizens seeking stable and rewarding investment opportunities. With guaranteed returns coupled with the flexibility of premature withdrawal, these deposits offer an ideal savings avenue for customers looking for safety, liquidity and competitive earnings.”
Customers can book term deposits through any Federal Bank branch or conveniently through the Bank’s digital channels. For detailed terms and conditions, customers may visit the nearest Federal Bank branch or log on to the Bank’s website.
About Federal Bank
Federal Bank (NSE: FEDERALBNK) is one of India’s leading private sector banks, with a legacy spanning nine decades and a clear focus on long-term value creation. As on 30th September 2026, the Bank’s total business stood at ₹6.41 lakh crore.
With a strong nationwide presence of over 1,662 banking outlets complemented by robust digital capabilities, Federal Bank serves millions of customers through an integrated physical and digital network. The Bank maintains an international connect through its Representative Offices in Dubai and Abu Dhabi, which serve as key touchpoints for Non-Resident Indian customers in the UAE. It also operates an IFSC Banking Unit (IBU) at GIFT City, becoming part of India’s evolving global financial ecosystem.
Anchored in its core values of trust, prudence, and customer centricity, Federal Bank continues to evolve through disciplined execution and a clear, contemporary approach to banking.
More Stories
CMAI And NIFT Visionxt Join Hands To Strengthen Fashion Forecasting And AI-Led Design Capabilities Across Key Apparel Hubs In The Country.
EAAA India Alternatives Reports H1FY27 PAT Of ₹169 Cr, Up 35% Yoy Fee-Paying AUM At ₹49,164 Cr, Up 28% Yoy; Q2 PAT At ₹88 Cr Declares Interim Dividend Of ₹7 Per Share Reflecting Continued Momentum In Platform Scale And Earnings.
IHM Hyderabad Hosts ‘Power 0f Pecans’ Master Class, With Five Culinary Icons For An Immersive Gastronomic Experience.