Federal Rupee Plus
Features & Benefits
If you are an NRI Customer looking for an NRE Rupee deposit scheme with assured returns, 100% tax free and freely repatriable, Federal Rupee Plus is the solution, which is a tailor-made investment product for your requirements.
How to open ?
- You can open Federal Rupee Plus through any branches of Federal Bank
Balance Requirement
Minimum amount required to open the deposit is 10 lakhs INR
Federal Rupee Plus V/s FCNR Cash Certificate
- In an FCNR Cash Certificate, the deposit amount or maturity proceeds can be converted any time at the rate prevailing on the date of conversion for that particular currency if you wish to do so
- Whereas in a Federal Rupee Plus scheme, a forward contract is booked for the maturity value of FCNR with delivery date coinciding with maturity date of the deposit for converting the maturity proceeds to Indian Rupee at an agreed rate i.e. Conversion rate and date are prefixed and maturity value is assured.
Other Related NRI Deposits
NRE Fixed Deposit
Features & Benefits
Are you looking for an attractive investment scheme to park your funds with assured higher returns ? Our NRE Fixed Deposit scheme is a right option for you to invest your hard earned money and get periodical income by way of interest.
NRO Fixed Deposit
Features & Benefits
NRO (Non-Resident Ordinary) Fixed Deposits are maintained in Indian Rupees. NRO Fixed deposits are convenient investment option for NRIs to consolidate earnings in India. All foreign currencies deposited in an NRO account are converted to INR. Interest earned on NRO fixed deposit are subject to TDS. DTAA benefits are available.
Millionaire Federal Savings Fund
Features & Benefits
Who doesn't want to be a millionaire ? Everyone does. This savings fund is a unique recurring deposit plan that lets you invest systematically over a period of time and makes you a millionaire on maturity.
Multi Millionaire Federal Savings Fund
Features & Benefits
Little drops makes an ocean. Presenting Multi Millionaire Federal Savings Fund- a unique scheme let you to invest on your future and makes you a multi millionaire on maturity. Save small amounts for 10 years and be a Multi Millionaire.
Crorepati Federal Savings Fund
Features & Benefits
Wealth is a result of careful planning. Crorepati FSF, with its power of growth makes sure that none of your dreams are too big to achieve. Plan your savings well, Be a Crorepati.
FCNR Deposit
Features & Benefits
With our FCNR Deposit scheme, you can hold your earnings in foreign currencies of your choice in India, that too with high returns. FCNR deposit account has a clear advantage that the customers' fund is protected from fluctuations in exchange rates.
Federal Rupee Plus
Features & Benefits
If you are an NRI Customer looking for an NRE Rupee deposit scheme with assured returns, 100% tax free and freely repatriable, Federal Rupee Plus is the solution.
Fed Flexi Smart SaverRD
Features & Benefits
Want to earn guaranteed returns as high as that of a fixed deposit? Want free exit whenever you wish, without any penalty? Open Fed Flexi Smart SaverRD, a truly unfixed Recurring Deposit scheme that is flexible, secured and smart.
NRE Deposit Plus
Features & Benefits
Federal Bank’s NRE Deposit Plus is an investment option that provides higher interest rates for your idle money, more than normal NRE fixed deposits.
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