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Different Types Of Savings Bank Accounts Offered By Federal Bank

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DIFFERENT TYPE OF SAVINGS BANK ACCOUNT OFFERED BY FEDERAL BANK

  1. BASIC SAVINGS BANK DEPOSIT (BSBD)

This is a type of savings account that doesn’t require any minimum balance amount. You can withdraw and deposit cash at the bank any time. You will get one checkbook contains 20 leaves per every financial year. Only 4 withdrawals in a month are allowed including ATM and check.

2. FED SMART

The federal bank provides a large range of savings accounts with some beneficial features like online banking, e-statements and online bill payments.

  • Visa international Gold Debit Cards.
  • Free daily e-mail statements.
  • Free daily cash withdrawals up to 75000 through ATM.
  • Internet banking, mobile banking, and e-mail alerts.
  • Overdraft facility through ATM’s
  • Free monthly account statement through the post.
  • 60 free cheque leaves in each half year.
  • Average monthly balance is Rs.1,00,000

3. SELFIE ACCOUNT

                  It is a mobile-based savings bank account facility. We can open an account with the help of an android or any smartphones. If you wish to open an account you need to download Fedbook from google play store or I store. Then select the branch and scan your PAN card and Aadhar card. After that take a selfie and submit to open the account. Once the account is created the app will automatically turn into digital passbook. The account number is generated real time.

                 After submitting your application, you will receive a call or confirmation SMS from the bank. We can complete the account opening formalities through call or you can request bank’s representative to meet at your place or you can visit the nearest branch. It is also a zero balance account.

4. MAHILAMITRA

                  This is an account for adult women’s. In this account, more benefits are offered by the bank such as,

  • 40 free cheque leaves per every half year.
  • Visa international Gold Debit Card.
  • Free daily cash withdrawals.
  • Free internet banking and mobile alerts.
  • 50% concession on processing fee.
  • Average monthly balance Rs.5000.

5. FREEDOM SB

The main benefits are;

  • Free 20 cheque leaves per every half year.
  • Free daily transactions up to Rs.30,000
  • NEFT/RTGS facilities are available.
  • Free daily cash withdrawals.
  • Debit cards.
  • Free internet mobile banking and mobile alerts.
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