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Product Details
Bank Name

Federal Bank

Account Name

Federal Bank Bespoke Savings Account

Account Type

Savings Account

Interest Rate

For balance upto 50 Lakhs: 3%.

Free Debit Card

Visa signature Imperio Debit Card

Federal Bank Bespoke Savings Account
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

Average monthly balance of Rs 2,00,000.

Debit Card Charges

Issuance free.

NEFT Charges

Free online

IMPS Charges

Free online

Fees and Charges

Federal Bank Bespoke Savings Account

0
Special Features


  • Users will get free Mobile Banking.

  • Users will get free Email Alerts.

  • Users will get 20 cheque leaves per year.

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
  • Users will get a Visa signature Imperio debit card.

  • Users will get free Internet banking.

  • Users will get free Mobile banking.

  • Users will get free Email alerts.

  • Users will get 20 cheque leaves per year.

Cons
  • Low interest rates.

Bespoke Savings Account Review

The account offers low interest rate. The account comes with decent-value add features.

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

You can open a savings account with Federal Bank either online or offline. Here's a breakdown of both methods:

Online Method

  1. Visit the Federal Bank website: Go to the official Federal Bank website and click on the "Open an Account" option.

  2. Select customer category: Choose the appropriate customer category, such as personal banking, NRI banking, or business banking.

  3. Fill in details: Provide your full name, email address, and mobile number in the online form and submit it.

  4. Receive email: You will receive an email with the Account Opening Form (AOF) and a list of required documents.

  5. Submit documents: Print and fill out the form, attach your photograph, and submit it along with the necessary KYC documents at the nearest Federal Bank branch.

  6. Collect welcome kit: Once the KYC verification is complete, you will receive your account opening kit from the bank.

Offline Method

  1. Visit a branch: Visit the nearest Federal Bank branch.

  2. Fill out the form: Obtain and fill out the account opening form.

  3. Submit documents: Submit the form along with self-attested copies of your PAN card and Aadhaar card.

  4. Deposit initial amount: Deposit the required initial amount (if it's not a zero-balance account).

  5. Account confirmation: The bank will open your account and confirm the details via SMS and email.

Application Procedure
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