top of page
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 Smart Saving Account
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
Apply Now

Fed Smart Saving Account

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

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

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