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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 3.05%.

Free Debit Card

No

Fed Club Saving Account
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

INR 5,000

Debit Card Charges

VISA Classic Crown Debit Card
Joining fee: INR 200, Annual fee: INR 250

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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Fed Club Saving Account

Special Features
Account available only for metro branches.
Eligibility Criteria
Indian resident above 18 living in metro cities.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free 20-Cheque leaves per half-year CROWN (VISA Classic) Debit Card available 1 folio free per quarter Free E-mail alerts RTGS and NEFT facility available IMPS facility available Free Internet banking and Mobile banking
Cons
Low rate of interest. SMS alerts are not free. Account has very few add-on features
Application Procedure

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