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Product Details
Bank Name
Federal Bank
Account Name
Fed Smart Saving Account
Account Type
Saving
Interest Rate
For balance upto 3 Lakhs: 3%. For balance above 3 Lakh 3.05%.
Free Debit Card
No

Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
INR 1,00,000
Debit Card Charges
VISA Imperio Debit Card. Joining fee: INR 500.. Annual Fee INR 599
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
Fed Smart Saving Account
77.4
Special Features
Free unlimited demand drafts
Eligibility Criteria
Resident Individuals (sole or joint account)
Hindu Undivided Families
Trusts
Associations
Clubs or Societies
Foreign Nationals residing in India (as permitted by Foreign Exchange Management Act)
Others specifically permitted by RBI
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free 20-Cheque leaves per half-year
VISA signature Imperio Debit Card
Free Mobile Banking and Free Mobile alerts
Free Email alerts
Free unlimited Demand Drafts
Free RTGS / NEFT facility
50% concession in Processing Fee / Administration Fee for all Retail Loan Products & No folio charges
Cons
Low rate of interest.
Average monthly balance of 1,00,000/- 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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