What is minimum balance in federal bank?
There are no minimum balance requirements. The customer receives an ATM card. Account view facility is available on Fednet, i.e., internet banking. The customer is allowed to make 4 withdrawals per month through ATM, branch, or cheque clearing.
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.
How do I open a federal bank account?
Offline Method
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.
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.
1 Lac every 24 hours. For NEFT, the transfer limit is Rs. 10 Lac per day.
Which bank is best for savings account?
Best Zero Balance Savings Account 2022
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.
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!"
Maximum amount of Federal Tax Savings Deposit is Rs. 1,50,000.
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.
Salary Certificate (in case of salary transfer accounts).In absence of Salary Certificate, any one of the following documents to be provided :
What is the minimum balance in zero balance account?
No Minimum Balance As the name of the account implies, this is a zero-balance account. Therefore, you don't have to maintain a minimum balance. Consequently, there is no penalty in the case of zero balance. This is the main allure for customers when opening this type of account.
Features and Benefits 20 free cheque leaves per half year. Free monthly email statements. Internet Banking and Mobile Banking facilities available. Free E-mail alerts.
Does zero balance account have minimum balance?
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
Rupay Platinum International Debit Card You get daily shopping limit of Rs 3,00,000 and a daily cash withdrawal limit of Rs 50,000. This means you access the total limit of Rs. 3,50,000.10-Dec-2022
Can I withdraw 100 rupees from federal bank ATM?
Cash machine will accept and dispense cash in denominations of Rs. 100/-, Rs. 500/- and Rs. 2000/-.
Features
What is monthly average balance in Federal Bank?
Minimum Balance Requirements for Federal Bank Savings Accounts
IMPS (Immediate Mobile Payment System) is an instant 24x7 interbank electronic fund transfer service. Customers can use either Mobile Number and MMID OR Account number and IFS Code of the beneficiary to transfer funds using IMPS.
How to apply Federal Bank ATM card?
Open Federal Bank Internet Banking and login to your account. After successful login, click and open the Debit Card Services section and click on Apply for Debit Card. Next screen, select your account number and choose card type and click on then next. Now confirm your address and submit your application.24-Jul-2020
What is minimum balance in federal bank?