Eligibility | Any Individuals in single name, Two or more individuals (Joint Accounts),Minors, Illiterate persons, Blind Persons, Hindu Undivided families (HUF), Clubs, Associations, Committees, Societies, Schools, Trusts, Executors, Administrators, Institutions/Agencies specifically permitted by the RBI, pensioners and Staff members. | ||||
Quarterly Average Balance (in Rs) | QAB | Rural | S-Urban | Urban | Metro |
With CHQ book | 250 | 500 | 1000 | 1000 | |
Without CHQ book | 100 | 250 | 500 | 500 | |
Type of ATM/Debit card | Classic card | ||||
Debit Card charge | Issue charge –FREE | ||||
Access to own Bank ATM | 5 transactions (financial + non-financial) per month Free. | ||||
Access to other bank ATM | 3 transactions (financial + non-financial) per month at Metro or 5 transactions(financial + non-financial) per month at other centres are Free | ||||
ATM Cash Withdrawal Limit | Rs.25,000/- Per day | ||||
POS Limit | Rs. 50,000/- Per day | ||||
Free Personal Accident Insurance (Death) cover with debit card* | Rs 2 Lakhs | ||||
SMS Banking Charges | As per applicable charges | ||||
Cheque leaves including Personalized Cheque Leaves | 20 leaves free/ year. Beyond 20 leaves as per applicable charges. | ||||
DD | As per applicable charges | ||||
NEFT/RTGS/IMPS | As per applicable charges. | ||||
Account closure -within 14 days or after 12 months | Nil | ||||
Account closure -Between 15 days to 12 months | As per applicable charges. | ||||
Penalty for Non-Maintenance of QAB | Shortfall in QAB | A/c with chq book | A/c without chq book | ||
Rs 501 - 1000 | Rs 100 + GST | -NA- | |||
Rs 251 - 500 | Rs 50 + GST | Rs 30 + GST | |||
Up to Rs 250 | Rs 25 + GST | Rs 20 + GST |
*Personal Accident insurance with debit card is subject to terms and conditions of debit card policy and usage which may change from time to time.
Federal Bank has a wide range of Savings accounts with smart features like Internet Banking, fund transfers, e-statements, online bill payments to make banking a smoother experience for you. Open an account with us and enjoy banking !
FedBook Selfie
FedBook Selfie is a mobile based SB account opening facility, which is the first of its kind in India. You can open a Savings account through the mobile app using your Aadhaar and PAN Card. Account number will be generated instantly.
Bespoke Savings Account
Let your gains take off to new heights ! With our Bespoke Savings Account, along with saving your money, you can earn interest up to 5.0 (Repo Rate - 0.90%)
FedFirst
FedFirst is the perfect, first bank account for your kids. With daily withdrawal and spending limits, FedFirst offers a safe and easy way for children to start saving, spending and managing their money. After all, it's never too early to learn healthy money habits.
Fed Excel
Fed Excel is an exclusive feature-rich savings account for professionals, budding entrepreneurs, with no minimum balance requirement.
SB Plus
Designed for the dynamic consumer, SB Plus Savings Bank account has exciting features like Contacless Debit Card, new age banking channels and free monthly Demand Draft issuance.
Fed Power +
Enjoy the fullness of Banking through International Contacless Debit Card, high ATM daily withdrawal limits, free Demand Draft issuance, and a host of concessions on our Retail Loan Products.
Mahilamitra Plus
A savings account exclusively for women, endowed with exciting features like complementary insurance, special rate on home loan, free RTGS / NEFT facility, two ZERO balance kids’ account, exciting Debit Card offers and much more, because every woman deserves more.
Yuvamitra
Endowed with futuristic features like Contacless Debit Card, Mobile Banking, Internet Banking and FedBook, Yuvamitra account is designed for needs of students.
Fed Smart
FedSmart, the SMART savings account has action packed features like New-Age banking channels, high daily cash withdrawal limits, anywhere banking, Contacless Debit Card and lot of free services.
BSBDA
Basic Savings Bank Deposit Account (BSBDA) is a Zero Balance Savings Account that takes care of your simple banking needs with Free ATM card, monthly statement, and cheque book. The services available free in the 'Basic Savings Bank Deposit Account' includes deposit and withdrawal of cash, receipt / credit of money through electronic payment channels or by means of deposit / collection of cheques at bank branches as well as ATMs, Mobile Banking and Internet Banking services.
SHRENI
Shreni Savings Account is a tailor made operative account for Trusts, Associations, Clubs, Societies and Housing cooperative Societies, and Non-Governmental organisations (NGOs),trading or rendering professional services for profit or fee.
Club Savings Account
Club Savings Account is a tailor made operative account for Resident Individuals / Non Individuals of Metro Branches.
Delite Savings Account
Delite Savings Account is a tailor made operative account for Resident Individuals / Non Individuals of Semi – Urban & Urban Branches.
Pride Savings Account
Pride Savings Account is a tailor made operative account for Resident Individuals / Non Individuals of Rural Branches.
What's New
Listen to Diwali themed festive version of Federal Bank's Musical Logo
Learn More
Federal 24 7 is a platform that helps you open and manage an account 24X7 without having to visit the branch.
You can choose your preferred savings scheme from the bouquet of savings products available for resident customers and open an account instantly from the comfort of your home with Federal 24 7.
Less is more
Choose Federal Bank 247 for contactless and paperless banking.
A perfect savings account for Women
A savings account exclusively for women, endowed with exciting features like complementary insurance, special rate on home loan, free RTGS / NEFT facility, two ZERO balance kids’ account, exciting Debit Card offers and much more, because every woman deserves more.
Learn More
Join Imperio Family Banking Program
An impeccable banking service with a treasure trove of features designed for you! Imperio is a tailor made banking solution that offers a bouquet of bankingservices and much more.
Learn More
Now you can contribute to the environment while you invest your money!
A fixed deposit for a specific tenure, where the amount deposited by you will be used for lending to renewable energy projects, green building projects and projects in smart agri, water or waste management projects etc.
Learn More
You might be interested
Recommendations for a safe and easy banking experience
Blog
Stay tuned to banking innovations & trends and make smart financial decisions
Learn More
Tutorial Videos
Watch tutorial videos about our products & services and harness the power of digital banking.
Learn More
Safe Zindagi
Our guidelines and tips for secure banking with total peace of mind
Learn More