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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
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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