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Federal BankFixed deposit

Federal Bank Rupee Plus

Federal Rupee Plus is an NRE-linked forward-cover structure: the bank opens an FCNR deposit and simultaneously books a forward contract so the maturity proceeds are delivered in repatriable Indian rupees at a pre-agreed conversion framework.

First-party evidencePublished researchReviewed September 10, 2026Active
Open primary bank source ↗Bank dossierCompare alternatives
Current rate evidenceReturn is the applicable FCNR interest plus the forward premium on the chosen currency at opening; the premium varies daily, so no evergreen single percentage is stored.
Currency / amount / tenureMinimum opening amount is ₹10 lakh; tenure ranges from 1 year 1 day to 5 years.
Premature withdrawal / liquidityNo premature closure is allowed. Forward-contract cancellation is not an ordinary customer right and can involve bank discretion, exchange differences, swap cost and other charges.
Deposit-state / funding ruleThe economic return combines an FCNR deposit and a forward contract; it is therefore excluded from ordinary INR FD and FCNR rate rankings.
Research processPublished by littleden.blog

Structured from first-party bank/issuer evidence. This page does not claim personal hands-on product use unless that experience is explicitly stated.

2 first-party sources
Last checkedSeptember 10, 2026

Recorded source review date, not a claim that the product changed that day.

Maintenance stateWithin scheduled review window

Target recheck: October 10, 2026.

Critical decision facts

Rate, tenure, liquidity and booking conditions belong together.

A headline deposit rate is incomplete without the dated schedule, tenure band, customer category and premature-withdrawal rules.

01 · Current rate evidenceReturn is the applicable FCNR interest plus the forward premium on the chosen currency at opening; the premium varies daily, so no evergreen single percentage is stored.
02 · Currency / amount / tenureMinimum opening amount is ₹10 lakh; tenure ranges from 1 year 1 day to 5 years.
03 · Premature withdrawal / liquidityNo premature closure is allowed. Forward-contract cancellation is not an ordinary customer right and can involve bank discretion, exchange differences, swap cost and other charges.
04 · Deposit-state / funding ruleThe economic return combines an FCNR deposit and a forward contract; it is therefore excluded from ordinary INR FD and FCNR rate rankings.
Exact product-type evidence

Fixed deposit evidence stays in its own structure.

Specialist fields below remain source-scoped. Missing values stay missing; one banking product type is never used to manufacture facts for another.

Rate history

Dated deposit-rate snapshots.

Effective-date evidence is preserved instead of silently replacing an older rate when a bank reprices new deposits.

Observed September 12, 2026
Market-linked forward premium + underlying FCNR return; no synthetic evergreen percentage is published by the engine.

Federal Rupee Plus product terms; forward premium is set from daily forward rates and therefore refresh/transaction specific.

Browse deposit rate history
Maintained terms

Fees, balances, benefits, limits and eligibility without a single-score shortcut.

These six fields are the cross-product layer. The specialist section above controls whenever a type-specific field is more precise.

Current rate evidenceReturn is the applicable FCNR interest plus the forward premium on the chosen currency at opening; the premium varies daily, so no evergreen single percentage is stored.
Currency / amount / tenureMinimum opening amount is ₹10 lakh; tenure ranges from 1 year 1 day to 5 years.
Tax / repatriation / payoutTax-free NRE treatment, repatriable rupee maturity proceeds and a pre-booked forward conversion designed to make the maturity INR value more predictable.
Premature withdrawal / liquidityNo premature closure is allowed. Forward-contract cancellation is not an ordinary customer right and can involve bank discretion, exchange differences, swap cost and other charges.
NRI / PIO / OCI eligibilityEligible Federal Bank NRI customers using NRE-permitted funds/remittance routes under current KYC and deposit rules.
Deposit-state / funding ruleThe economic return combines an FCNR deposit and a forward contract; it is therefore excluded from ordinary INR FD and FCNR rate rankings.
Fit & cautions

Who this record appears designed for—and what can break the fit.

Best-fit wording summarizes the published proposition. It is not individualized financial advice or an approval prediction.

Potential fit

NRI customers who specifically want a forward-covered NRE structure and can accept a fixed maturity conversion setup rather than ordinary FD liquidity.

Verify before relying
  • No premature closure is allowed under normal product terms.
  • Return cannot be represented by one evergreen rate because the forward premium varies daily.
  • The maturity conversion is pre-arranged rather than open-ended.
  • Forward-contract cancellation can create additional exchange/swap costs.
Maintained comparisons

Compare this product only where the pair is deliberately maintained.

Both sides keep independent review dates, exact conditions and first-party evidence. No winner score is generated.

Browse banking comparisons
First-party source ledger

Complete evidence set for this maintained profile.

Each source remains independent. A product page, tariff, KFS/MITC, rate schedule or programme document is not silently treated as interchangeable evidence.

01
Primary product / service sourcewww.federal.bank.in
Open source ↗02
Additional first-party evidencewww.federal.bank.in
Open source ↗
Current-use rule

When the bank changes a term after the recorded review, the current agreement, tariff, KFS/MITC or effective rate table controls.

Research boundary

This page organizes dated public evidence; it does not guarantee eligibility, availability, approval, service quality or future pricing.