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Product Details
Bank Name

Federal Bank

Account Name

Fed Pride Saving Account

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 Pride Saving Account
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

INR 2,000

Debit Card Charges

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

NEFT Charges

Free online

IMPS Charges

Free online

Fees and Charges

Fed Pride Saving Account

79.7
Special Features

Available for Rural branches only.

Eligibility Criteria
Indian resident above 18, living in rural area.
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 RTGS / NEFT/ IMPS facility available Free Internet banking and Mobile banking Free Email notification facility.
Cons
Low rate of interest. Mobile Alert Facility is chargable. No free debir card is provided
Application Procedure

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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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