Can I open zero-balance account in Federal Bank Online?
Instant Account Opening within Seconds Open an account with Federal Bank using FedMobile app without going to the bank. All you need is your Aadhar card with your mobile number linked to it. With eKYC account opening, you will be able to open a zero-balance account that will be activated instantly.
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.
Which Bank is best for opening a zero-balance account?
Best Zero Balance Savings Account 2022
Click "Apply Online" button and submit the required details through online application. An email containing the account opening form & checklist of KYC documents will be sent by the Bank to your email address. Take Printout of the application form, sign it and affix photograph.
Is federal bank minimum balance?
Federal Bank offers different savings accounts where you can earn an interest rate of up to 2.50%. Various savings accounts are offered where you can open an account online.
Every individual who is a resident of India is eligible to open a zero balance account. To open a zero balance account online, one needs to have a valid Aadhaar and PAN card. As per RBI's regulation, banks can open savings account online through Aadhaar OTP verification.
What is the limit of zero-balance account?
Zero-balance accounts have a limit on the number of transactions you can make per month. Usually, banks allow only four monthly withdrawals. If you do make more than the permitted number of withdrawals, the bank will convert your zero-balance account into a regular Savings Account.
As the name suggests, a zero balance savings account is a 0 balance account where the account holder is free to operate the account without maintaining a minimum balance. You also have an option of online bank account opening with zero balance.17-Oct-2022
What is ATM fee in federal bank?
Current account schemes ₹50/- per transaction or ₹0.50 per ₹1000/- whichever is higher. First 4 instances of remittances for amounts less than or equal to ₹10,000/- will be free in a month.
The minimum balance amount is zero. It can be opened jointly or singly, with either or a survivor. However, cheque book facility cannot be availed. The interest rate is the same as for regular savings accounts.
Which bank has lowest minimum balance?
List of All Banks Savings Account Interest Rates and Minimum Balance 2022
Ally Bank offers a checking account that doesn't have a monthly maintenance fee or a minimum opening deposit. It also pays 0.1 percent APY on balances less than $15,000 and 0.25 percent APY with a minimum daily balance of $15,000.02-Dec-2022
Which bank gives ATM under 18?
HDFC BankKids Advantage: HDFC Bank offers this type of account and ATM/international debit card along with it to kids aged between 7-18 years old. As this is quintessential years of being a student, it is important to learn managing money and understanding the dynamics of a bank account and debit card.
Federal Bank Limited is an Indian private sector bank headquartered in Aluva, Kochi, Kerala. The bank has 1,336 branches spread across different states in India. It also has representative offices abroad in Abu Dhabi, Qatar, Kuwait, Oman, and Dubai.
Which government bank is best to open account?
Performance Of the Top Savings Bank Accounts of 2022
1 Lac every 24 hours. For NEFT, the transfer limit is Rs. 10 Lac per day.
Is Federal Bank good?
Each and every transaction is safe and secured. Their service is fine. Mobile app and net banking services are good. 0.5 4.0/5 "Great!"
Features
Does zero-balance account give debit card?
Other benefits The holders of a zero-balance account can get access to a debit card as well as ATM. They can also choose to opt for mobile and/or net banking. Apart from these, the safe deposit locker facility is also provided. The charges collected for these facilities are nominal.07-Dec-2022
Best no-fee checking accounts
Is it good to open zero-balance account?
A Zero Balance Account is very elementary in nature. It was introduced to make banking accessible to everyone. Basic banking facilities are definitely available with this account. For instance, you may get a free passbook facility and free monthly account statements.
Can I open zero-balance account in Federal Bank Online?