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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 Excel Saving Account
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

0

Debit Card Charges

Visa Signet Platinum Debit Card
Joining fee: INR 300, Annual fee: INR 300

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 Excel Saving Account

Special Features
exclusive savings account product for professionals, budding entrepreneurs and registered members of reputed organizations like JCI, FICCI and Chamber of Commerce.
Eligibility Criteria
Resident individuals Professionals holding government approved Degree or above, and qualified as: A Doctor in any branch of medicine / An Engineer in any branch of engineering. CA/ACCA/ICWA/CFA/CS/CFM/MCA/MBA/PGDBA/PGDBM and Advocates and Self employed with any of these qualifications Registered members of JCI, FICCI and Chambers of commerce. Promoters of business units in any Government approved/sponsored/ promoted start up villages/IT villages.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free NEFT and RTGS transfer. Free 20-Cheque leaves per half-year FREE Mobile alerts No Folio charges FREE Demand Drafts upto Rs. 2,00,000/- per month FREE Internet Banking and FREE Mobile Banking No Minimum balance required ; Visa Signet Platinum Debit Card
Cons
No premium features. Minimum initial remittance of Rs. 10,000/- is required.
Application Procedure

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