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Product Details
Bank Name

Federal Bank

Account Name

Account Type

Saving

Interest Rate

For balance upto 3 Lakhs: 3%. For balance above 3 Lakh 5%.

Free Debit Card

First ATM card free

Bespoke Saving Account
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

INR 2,00,000

Debit Card Charges

VISA Signature Imperio Debit Card
Joining fee: INR 500, Annual fee: INR 500

NEFT Charges

Free

IMPS Charges

Upto INR 1,000: INR. 0;
1,001 to 1 Lakh: INR.5;
1,00,001 to 2 Lakh: INR 15,
above INR 2 Lakh: INR 17

Fees and Charges
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Bespoke Saving Account

Special Features
Insta Balance Service lets you know your savings account balance with a call
Eligibility Criteria
Resident Individuals (sole or joint account) Trusts Associations Clubs or Societies Foreign Nationals residing in India (as permitted by Foreign Exchange Management Act) Others specifically permitted by RBI
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free NEFT and RTGS transfer. Interest rate above 5% on balance above 3%. Free 20 Cheque leaves per half-year Free Mobile banking-No transaction charges First ATM card free and the AMC for first year waived Free E-mail alerts and internet banking.
Cons
Not a long list of premium add-on services. Maintenance of minimum balance is very high. IMPS charges are levied.
Application Procedure

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Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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