Federal Bank is a popular player in India’s private sector banking domain. With its headquarters situated in Aluva, Kerala, the bank boasts a network of more than 1,251 branches and 1610 ATMs spanning the entire nation. Among its extensive range of offerings are services like Federal Bank Net Banking, mobile banking, online bill payment, loan provisions, deposit accounts, investment schemes, and more.
Different Types of Products and Services Provided by Federal Bank
The different types of products and services provided by Federal Bank are:
- Federal Bank Deposits
- Federal Bank Loans
- Federal Bank Cards
- Federal Bank Investment Options
- Federal Bank Insurance
- Federal Bank Banking Services
Federal Bank Deposits
Federal Bank provides various options to its customers to manage their funds. They are:
Savings Accounts
The bank has an array of choices under the Savings Accounts which is the best way to manage your funds while monitoring and modifying your spending pattern. The different kinds of Savings Account are:
Type of Savings Account | Specific Features | Common Features |
FedBook Selfie Account | Individuals above 18 years and up to 70 years can applyNo minimum balance Mastercard Crown debit card issuedFree internet banking, mobile banking.h | Free Federal Bank Mobile Banking and Net BankingFree mobile and email alertsNEFT/RTGS facility 10 to 20 cheque leaves free per half-year |
BeSpoke Savings Bank | Resident individuals, Clubs, Societies, Associations, Trusts, and foreign nationals residing in IndiaAMB Rs. 1.00 lacEarn interest up to 5% p.a.-linked to Repo RateVisa Signature Imperio Debit Card | |
Fed First | AMB: Rs. 1000/-Children up to 18 years both resident and NRI can applyDebit card issuedFree mobile and email alertsAccess to account 24x7Attractive offers on transactions through debit card | |
Fed Excel | Resident Individuals can applyDesigned for professionalsVisa Signet Platinum Debit CardInitial remittance Rs. 10000. No minimum balance required | |
SB Plus | AMB: Rs. 5000/-Designed for dynamic customersVisa Signet Platinum Card | |
Fed Power | AMB: Rs. 25000/-Visa Platinum Debit Card | |
Mahilamitra | For womenComplimentary insurance coverSpecial rate on home loanFree NEFT/RTGSVisa Classic Crown debit card (contactless)20 cheque leaves free per half-year | |
Yuvamitra | For studentsNo minimum balance required | |
Fed Smart | AMB: Rs. 1.00 lacNew-age banking channels providedVisa Signature Imperio Debit CardConcession in processing charges for retail loans | |
BSBDA | No minimum balanceAccount view facility on FednetRupay Classic Debit Card4 withdrawals in a month | |
Sherni Savings Account | Designed for Trusts, Clubs, Societies, Associations, NGOs providing professional services for a feeAMB: Not stipulated50 transactions free per quarter | |
Club Savings Account | Only for Metro branchesAMB: Rs. 5000 | |
Delite Savings Account | For individuals and non-individuals of semi-urban/urban branchesAMB: Rs. 3000Crown Visa Classic Debit Card | |
Pride Savings Account | For individuals and no-individuals of rural branchesAMB: Rs. 2000/-Crown Visa Classic Debit Card |
NRE and NRO Savings Account variant accounts are also provided for NRIs to park their income from jobs/businesses abroad and investments made in India in INR.
Current Account
Federal Bank provides multiple choices in Current Accounts for Individuals, Sole Proprietorship and Partnership Firms, Joint Stock Companies and any other business entities. They are-
Type of Account | Specific Features | Common Features |
Freedom Current Account | AMB: Rs. 5000Visa Silver Imperio (Business) Debit Card | Free Federal Bank Net Banking and Mobile BankingFree mobile and email alertsFree NEFT/RTGS and monthly e-statementsAt par cheque book facility at nominal price |
Current Plus | AMB: Rs 10000/-Visa Silver Imperio (Business) Debit Card | |
Fed Trade | AMB: Rs. 25000/-Visa Silver Imperio Business Debit Card | |
Fed Trade Plus | AMB: Rs.1.00 lacVisa Platinum Celesta Business Debit Card75% concession on service charges for outstation cheque collection | |
Fed Trade 50 | AMB: Rs.50000/-Visa Silver Imperio Business Debit Card | |
Fed Vanijya | AMB: Rs. 5.00 lacsVisa Platinum Celesta Business Debit CardFree outstation cheque collection | |
Fed Vanijya Plus | AMB: Rs. 10.00 lacsUnlimited free DDsVisa Platinum Celesta Business Debit CardFree collection of outstation cheques | |
Fed Prime | AMB: Rs.25.00 lacsUnlimited free DDsFree collection of outstation chequesVisa Platinum Celesta Business Debit Card | |
Fed Sahakari | For State, District, Urban, Primary, Service, Scheduled, Non-Scheduled Co-operative Banks, Co-operative Credit Societies AMB: No stipulationUnlimited free cheque leaves | |
Fed Arogya | For health care centresNo minimum balanceVisa Platinum Celesta Business Debit Card |
Several NRE/NRO Current Account variants are available for NRIs.
Term Deposits
Federal Bank provides you with an array of easy investment choices by Term Deposit variants. They are:
Type of Account | Primary Feature | Common Features |
Fixed Deposit | Minimum deposit: Rs. 1000/-Period: 7 days to 10 yearsMonthly or quarterly interest payout option | Nomination facilityAuto-renewal facilityLoan provided against deposit |
Cash Certificate | Minimum deposit: Rs. 1000/-Period: 6 months to 10 yearsInterest compounded | |
Millionaire Federal Savings Account | For residents as well as NRIsInvestment in monthly instalmentsNo interest if closed within 1 yearRepatriable for NRI customers | |
Federal Savings Fund | For resident IndiansInvestment in instalmentsMinimum deposit: Rs. 50Period: 6 months to 10 years | |
Deposit Plus (Non-callable) | Minimum deposit: Rs. 15,00,001Minimum period: 12 monthsMonthly or quarterly interest payout option | |
Federal Tax Savings Deposit | To claim tax exemption under 80C of the IT Act 1961Maximum investment: Rs. 1.50 lacsPeriod: 5 yearsNo loans providedPremature closure not permitted |
Exclusive deposit schemes for NRIs for investing in foreign currency as well as in Indian Rupees are available in the form of NRE/NRO/FCNR deposit schemes.
Federal Bank Cards
Federal Bank Debit Cards Variants are:
- Visa/Mastercard Celesta Contactless Debit Card
- Visa/Mastercard Imperio Contactless Debit Card
- Visa/Mastercard Crown Contactless Debit Card
- Rupay Crown Debit Card
- RuPay Platinum Contactless Debit Card
- International Debit Cards for NRI customers
Federal Bank provides the following credit cards:
- Visa/Mastercard Celesta Credit Card
- Visa/Mastercard Imperio Credit Card
- Visa/Mastercard Signet Credit Card
- RuPay Signet Credit Card
Federal Bank Loans
Some of the Federal Bank Loans to choose from are:
Type of Loan | Primary Features |
Personal Loan | Purpose: To meet urgent financial requirements Variants: Fed Premia Amount: Maximum Rs. 25.00 lakhs Tenure: Maximum 60 months                       Required Monthly salary: Minimum Rs. 25000/- Pre-approved personal loans For preferred customers Amount: Up to Rs. 7.5 lacs Tenure: 12 months to 48 months Digital Personal Loan Amount: Rs. 50000/- to Rs. 5.00 lacs Tenure: 12 months to 60 months |
Housing loans | The variants under this plan are: Dream Home For construction/purchase of a house/villa, the purchase of a flat, and for repairs, renovations and extension Amount: 85% of the project cost. Maximum: Rs. 15.00 crores Period: Maximum 30 years Purchasing Plots For the purchase of plots Amount: 60% of the value of the plot. Maximum: Rs. 25.00 lacs Tenure: 5 years House Warming Loan Provided on completion or acquisition of the property Top-up in the form of a personal loan Tenure: 5 years   |
Loan against property | Against the security of existing propertyFor personal as well business purposesAmount: Maximum: Rs. 5.00 croresTenure: 15 years |
Education Loan and Career loan | The variants under the loan are: Special Vidya Loan For inland as well and studies abroad Amount: Rs. 10.00 lacs for inland studies and Rs. 20.00 lacs for studies abroad No security for loans up to Rs. 4.00 lacs Fed Scholar For meritorious students to pursue courses in premier institutions in India Loan up to Rs. 20.00 lacs Repayment period: 15 years Career Solution Loans To pursue higher education, to take up vocational courses, skill upgradation courses, etc Amount: Up to Rs.75.00 lacs for studies in India and Rs. 100 lacs for studies abroad               |
Car Loan | For the purchase of a carAmount: 100% ex-showroom priceTenure: 84 months |
Federal Bank Investment Options
The investment options available at Federal Bank are:
- Mutual Fund
- Estate Planning
- Portfolio Management Services
- Fed-e-Trade (Online trading)
- National Pension System
- Sovereign Gold Bonds
Federal Bank Banking Services
The Federal Bank Banking Services are:
- Federal Bank Net Banking and Mobile Banking: For online fund-based and non-fund based transactions.
- Missed call service: To get your account balance and mini-statement give a missed call to Federal Bank Balance Check number 8431600600.
- SMS Banking: Send an SMS to Federal Bank Balance Check number 90089 15353 and get the balance or mini statement via SMS.
Federal Bank Customer Care
You can contact the Federal Bank Customer Care in the following ways:
- By calling the Federal Bank Customer Care Numbers 1800 425 1199 or
- 1800 420 1199
- NRI customers can call the Federal Bank Customer Care Number 91 484 2630994 or +91 484 2630995
- You can also send an Email to contact@federalbank.co.in or support@federalbank.co.in
- NRI customers can write to nrisupport@federalbank.co.in
Federal Bank FAQ’s:-
Individuals, Proprietorship and Partnership firms, Public and Private Ltd Companies, Joint Stock Companies, Trust, Clubs and Associations, Societies, and NRIs can open an account with Federal Bank.
Yes. The bank provides Internet Bank facility to all its account holders.
Federal Bank Mobile Application is Fedmobile.
You can get your account balance, mini-statement, funds transfer, request a cheque book, check cheque status, etc with SMS Banking.
The Federal Bank balance check can be done by giving a missed call to 8431600600.