Federal Bank RD Calculator
See how much a recurring deposit with Federal Bank grows. Set your monthly deposit, interest rate and tenure.
RD tenures typically run from 6 months to 10 years.
Maturity value
₹3,54,954
Effective annual yield
6.66%
“RD: Small drops. Big bucket. Zero stress.”
Top RD interest rates right now (compare against Federal Bank)
See all bank rates →#1Suryoday Small Finance Bank
Bank's interest-rate page ↗Duration
30 months
Regular
8.10%
Yield* 8.88%
Sr. Citizen
8.25%
Yield* 9.06%
#2Jana Small Finance Bank
Bank's interest-rate page ↗Duration
36 months
Regular
8.00%
Yield* 8.94%
Sr. Citizen
8.30%
Yield* 9.32%
#3Equitas Small Finance Bank
Bank's interest-rate page ↗Duration
12 months
Regular
7.10%
Yield* 7.29%
Sr. Citizen
7.60%
Yield* 7.82%
Rates updated as of 14 Jul 2026 · p.a. · *Annualized yield assumes quarterly compounding over the shown tenure (1 year if unspecified). Confirm with the bank before investing.
RD tips
- Compare Federal Bank's RD rate against the top-rate table above before committing.
- Use an RD to build a habit of saving a fixed amount every month.
- If you already have a lump sum, an FD usually earns more than an RD for the same rate — see the Federal Bank FD Calculator.
How it's calculated
A recurring deposit adds a fixed amount every month, and interest compounds quarterly — the convention Indian banks, including Federal Bank, actually use for RDs. Each month's deposit is folded into the next quarterly compounding cycle using the standard "banker's RD formula":
M = R × [ (1 + i)n − 1 ] / ( 1 − (1 + i)−1/3 )
where R is the monthly deposit, i is the quarterly interest rate (annual rate ÷ 4 ÷ 100) and n is the tenure in quarters (months ÷ 3). Set the rate slider to Federal Bank's currently advertised RD rate for an accurate estimate — see the methodology page.
Example
Depositing ₹1,000 every month for 12 months at 8% (quarterly compounding) matures to roughly ₹12,529 — about ₹529 in interest on ₹12,000 saved. Swap in Federal Bank's currently advertised rate above for an exact figure.
About Federal Bank
Federal Bank is a private bank, founded in 1931, with a strong network based in Kerala with a growing national presence. Like every scheduled bank operating in India, deposits with Federal Bank are covered by DICGC insurance up to the current per-depositor limit.
How it works
This calculator uses the same maturity-value formula as our general RD Calculator — Federal Bank doesn't use a different compounding convention from any other Indian bank. Enter Federal Bank's currently advertised rate (check their official rates page) and your monthly deposit and tenure to see the projected maturity value.
How to use it
- Set your monthly deposit amount and the tenure you're considering.
- Set Federal Bank's current RD rate for that tenure — quarterly compounding is standard for Indian bank RDs.
- Compare the result against the rate table below to see how Federal Bank stacks up against other banks.
Important caveats
- We don't hardcode Federal Bank's specific rate into this calculator — rates change, so always check Federal Bank's official rates page before relying on a figure.
- RD interest is fully taxable at your income slab rate — the maturity value shown is pre-tax.
- Missing a monthly instalment on a real RD usually attracts a small penalty — this calculator assumes every instalment is paid on time.
Benefits of an RD with Federal Bank
- DICGC-insured principal and interest, like any other scheduled Indian bank.
- Builds a fixed monthly savings habit, unlike a one-time FD deposit.
- Federal Bank's A strong network based in Kerala with a growing national presence, useful if you prefer in-branch service.
RD rates — top banks (including Federal Bank)
Rates updated as of 14 Jul 2026
| Bank | Rate (p.a.) | Tenure | Notes |
|---|---|---|---|
| Suryoday Small Finance Bank | 8.10% | 30 months | Top Highest Interest rate from March 29, 2026 |
| Jana Small Finance Bank | 8.00% | 36 months | Effective from 23rd June 2026 |
| Equitas Small Finance Bank | 7.10% | 12 months | Effective from 10th June 2026 |
Frequently asked questions
Is my RD with Federal Bank insured?
Yes. Federal Bank, like every DICGC-insured bank operating in India, has deposits covered up to the current DICGC limit per depositor per bank — the same protection that applies to any other bank on our platform, regardless of whether it's a PSU, private, or small finance bank.
Does Federal Bank offer a senior citizen RD rate premium?
Most Indian banks, including Federal Bank, offer a modest additional interest rate for senior citizens on recurring deposits. We don't display bank-specific senior rates on this page — check Federal Bank's current published rates directly, or use the rate slider above to model a higher rate if you know your senior citizen premium.
How do I open an RD with Federal Bank?
Federal Bank, founded in 1931, offers recurring deposit accounts through its branch network, net banking, and mobile app, like most Indian banks. Use this calculator to work out the numbers first, then open the account directly with Federal Bank — we don't process deposits or applications ourselves.
Learn more from official sources
- Reserve Bank of India (RBI) — regulator for Indian banks, including Federal Bank.
- DICGC — deposit insurance covering Federal Bank and every other DICGC-member bank.
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