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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 Mahila Mitra Plus
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

Metro/Urban Branch – Rs. 10,000
Semi Urban Branch – Rs. 7,500
Rural Branch – Rs. 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 Mahila Mitra Plus

Special Features
Special rates on Home Loan – 0.60% lower than Bank’s card rate* Complementary insurance facility also available.
Eligibility Criteria
Female Indian resident between the age of 18 and 65
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free NEFT / RTGS facility Free 20-Cheque leaves per half-year 1 folio free per quarter Free monthly Demand Draft limit of Rs. 50,000/- Special rates on Home Loan – 0.60% lower than Bank’s card rate* 50% concession on Processing Fee / Administration Fee for Home Loans* Complementary Insurance up to 80.75 L (Terms and Conditions applied) Two free FedFirst SB account in the name of minor children, with no minimum balance stipulation. Exciting Debit Card offers on Amazon, bigbasket, MakeMyTrip, Goibibo, Swiggy & INOX Contactless VISA Classic (CROWN) Debit Card with daily ATM limit of 50,000/- and POS/Ecom limit of 1,00,000/ Earn Reward Points on all your Debit Card spends online /POS/ FedNet and FedMobile (1 reward point for every 200/- spent)
Cons
No facility of free internet banking or mobile banking is provided. 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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