Federal Bank Fixed Deposit Calculator

The Federal Bank Fixed Deposit Calculator is an online tool customised to help you calculate the maturity value of your fixed deposit with the Federal Bank. By simply entering details such as your principal amount, interest rate, tenure, and payout frequency, you can instantly estimate the returns on your investment. This tool provides a quick and easy way to understand how much your fixed deposit will grow over time, allowing you to make informed decisions about your investments.

The Federal Bank Fixed Deposit Calculator is an interactive financial tool that uses the compound interest formula to compute the interest earned on a fixed deposit. It helps you determine the maturity amount (principal + interest) based on:

• The amount you wish to invest (principal),
• The interest rate offered by Federal Bank,
• The investment tenure you choose (from 7 days to 10 years),
• The frequency of interest payouts (monthly, quarterly, yearly, or at maturity).

Using this calculator, you can quickly assess the potential returns of your investment before committing to the fixed deposit, making it easier to plan your finances effectively.

Federal Bank Fixed Deposit – Key Features

• Minimum Investment Requirement – You can start a Fixed Deposit with just Rs 1,000, making it a convenient option for investors of all kinds.

• No Maximum Limit - There is no upper cap on the deposit amount—you can invest any amount you prefer, depending on your financial goals.

• Flexible Interest Payout Options - You can choose to receive your interest payouts monthly, quarterly, half-yearly, yearly, or opt for a lump sum at maturity, based on your convenience.

• Automatic Renewal Facility - The FD can be set to renew automatically upon maturity, ensuring uninterrupted returns without the need to manually reinvest.

• Direct Credit to Savings Account - On the maturity date, the principal and interest amount will be automatically credited to your linked Federal Bank savings account.

• Customizable Payment Preferences - You can customize your FD by opting for interest payout frequency, automatic renewal, and automatic credit to your account as per your financial planning.

• Nomination Facility Available - Federal Bank allows you to nominate a beneficiary for your FD, ensuring your investment is secured for your loved ones.

• Loan Against Fixed Deposit - You can avail a loan of up to 90% of your FD amount, offering a good source of liquidity in case of urgent financial needs.
  
• Flexible Tenure Options - Allowing you to choose a duration from 7 days to 10 years, ensuring it aligns with your investment goals.

How to Use the Wishfin Federal Bank Fixed Deposit Calculator?

To use the Wishfin Federal Bank Fixed Deposit Calculator, follow these steps to easily calculate your FD returns:

1. Visit the “Wishfin Federal Bank Fixed Deposit Calculator” Page - Go to Google and search for the Wishfin Federal Bank Fixed Deposit Calculator page. You should find it easily at the top.
2. Enter the Principal Amount - Principal Amount refers to the initial amount you wish to invest in the fixed deposit. Enter the amount in the provided field (e.g., Rs 10,000, Rs 1,00,000).
3. Select the Tenure - Choose the investment tenure (duration) of your Fixed Deposit. The duration of the deposit can vary between 7 days and 10 years. The calculator will offer options, and you just need to select the one that fits your investment goals.
4. Choose the Interest Rate - Enter the interest rate applicable to your chosen tenure. The rate might be provided by Wishfin, or you may need to refer to Federal Bank's latest Fixed Deposit rates.
5. Select the Interest Payout Frequency

• You can choose how you want to receive the interest:
  
  • Monthly
  • Quarterly
  • Annually
  • At maturity
    
• The payout frequency will affect the total maturity amount and the returns you receive.

6. Hit the "Calculate" button – Once you've entered all the required information, press "Calculate" to view the results. The calculator will process your inputs and display:

• Total maturity amount (Principal + Interest).
• Total interest earned over the tenure.

7. Review the Results - You’ll be able to see your estimated returns, which will help you decide whether to invest in the fixed deposit based on your goals.

By using this calculator, you can easily assess your potential returns and plan your fixed deposit investment with the Federal Bank accordingly.

Formula for Calculating the Federal Bank Fixed Deposit

Here is the formula for calculating Federal Bank of India Fixed Deposit interest rates with the 2 given formulas - compound interest and simple interest.

Compound Interest Formula: A = P(1+r/n)^nt

Where:

• A = Maturity amount (total amount at the end of the FD term)
• P = Principal amount (initial deposit)
• r = Annual interest rate (in decimal, e.g., 7% = 0.07)
• n = Number of times the interest is compounded per year (e.g., 4 for quarterly)
• t = Period in years

Important Point -

Federal Bank primarily calculates interest on Fixed Deposits (FDs) using compound interest, with compounding typically occurring every quarter. This means that the interest earned each quarter is added to the principal, and subsequent interest calculations are made on this increased amount.

However, for FDs with shorter tenures, particularly those of 6 months or less, simple interest may be applied. In such cases, interest is calculated solely on the principal amount, without compounding.

• Compound Interest : Applied to most Federal Bank FDs, especially those with tenures exceeding 6 months.
• Simple Interest: Applicable for fixed deposits with durations of up to 6 months.

If you're considering investing in a Federal Bank Fixed Deposit, it's advisable to check the specific terms and conditions or consult with the bank to understand the interest calculation method applicable to your chosen tenure.

Federal Bank Fixed Deposit Interest Rates 2025

Check below the applicable interest rates starting from May 6, 2025, of the Federal Bank Fixed Deposit interest rates of 2025 -

Deposit Plus (Non-Callable - Resident and NRO Term Deposits, no option for premature withdrawal) - Effective from 06.05.2025