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Product Details
Bank Name

Federal Bank

Account Name

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 Yuvamitra Saving Account
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

0

Debit Card Charges

NA

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 Yuvamitra Saving Account

Special Features
None
Eligibility Criteria
Students beyond matriculation level, including professional degree/diploma holders. Age 18 to 25 years. Resident of India
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
No Minimum Balance required Free 20 cheque leaves per half year 1 folio free per quarter Free Internet banking and mobile banking facility Free Mobile alerts and E-mail alerts
Cons
Low rate of interest and limited add-on features
Application Procedure

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