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Product Details
Bank Name

Federal Bank

Account Name

Account Type

Saving

Interest Rate

Less than ₹5Lakhs- 3.45% below RBI's Repo Rate
₹5Lakhs to less than ₹50Lakhs- 3.45% below RBI’s Repo Rate for balance below ₹5L
and 3.40% below RBI's Repo Rate for balance of ₹5L and above

Free Debit Card

No

Fed Basic Savings Bank Deposit Account
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

INR 0

Debit Card Charges

Rupay Classic Debit Card
Joining fee: INR 0, Annual fee: INR 200

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
Apply Now

Fed Basic Savings Bank Deposit Account

Special Features
Free NEFT and RTGS
Eligibility Criteria
Indian resident above 18.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
No Minimum balance required Rupay Classic Debit Card available 20 free cheque leaves per annum Account view facility on Fednet (Internet Banking) Free internet banking and mobile banking facility available. Aadhaar based credit of subsidy/government benefits are free of charge.
Cons
Low rate of interest. Only 4 withdrawals in a month are permitted including branch, ATM, cheque clearing, etc. No free debit card is provided
Application Procedure

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