The aim of this paper is to present some issues to be discussed in relation to failure rate of a system that has identical parallel units. It is assumed that Time-to-Failure of each unit has the same exponential distribution and all units are repairable with a periodic maintenance of time interval T. Effective failure rate is widely recommended for nonrepairable systems as the reciprocal of MTTF but it should not be applied for repairable systems if delayed maintenance is used. And equivalent failure rate of an imaginary system is taken into consideration, the reliability value of which is the same as that of the redundant system when time interval T is given. With a numerical example, failure rate, effective failure rate, and equivalent failure rate of the redundant system are analyzed comparatively.