What is the minimum balance in federal bank account?
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.
Current Accounts generally have high Minimum Balance Requirement. However, ICICI and Axis Bank are the best banks as they offer an option of Zero Balance Current Account.
Is Federal Bank IN good for current account?
This current account offers the user exciting features such as high transaction limits, free unlimited cheque leaves and free access to every digital banking channels along with free unlimited demand drafts, NEFT and RTGS facility.
The account offers a handful of key benefits which include Forex card, POS, Payment gateway, Pick up facility, Wealth management services, Platinum Debit card, Special benefits for promoters, Salary accounts for employees, Fed E Biz: Net Banking with bulk uploading facility and much more.
Is Federal Bank zero balance?
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.
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.
What are the 4 types of current account?
Read more Current Account Minimum Balance here.
Yes, zero-balance current accounts can be opened by anyone.
Which bank is best for current account?
Best Banks for Current Account
Federal Bank with an average customer rating of 4.5 is equally comparable to HDFC Bank with an average customer rating of 4.5. Hence, the customer can expect the same kind of service levels from these banks.
Which is best SBI or Federal Bank?
Which is a better bank for Home Loan – SBI or Federal Bank? SBI offers lower Home Loan EMI at ₹ 765 on a Home Loan for 30 Years as compared to Federal Bank with a minimum EMI of ₹ 845 for 30 Years. Average customer ratings for SBI is currently at 4.2/5.0 which makes it a good choice for taking a Home Loan.
Axis Bank is most highly rated for Job security and advancement and Federal Bank of India is most highly rated for Job security and advancement.Overall Rating.
What are the 3 types of current accounts?
Types of current accounts
You are eligible to operate a Regular Current account if you fall under any of the following categories: Resident Individual. Hindu Undivided Family. Sole Proprietorship Firms.
Is current account better?
A savings account is most suitable for people who are salaried employees or have a monthly income, whereas, Current Accounts work best for traders and entrepreneurs who need to access their accounts frequently. Savings accounts earn interest at a rate of around 4%, while there is no such earning from a Current Account.
Sign in with your Google account. Follow the instructions to secure your Google Pay app and add your Federal Bank Card/Federal Bank account.
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.
How safe is Federal Bank?
A comfortable Mcap ratio lies between 2.5 and 4. Anything above 4 is risky. So, Kotak Bank, HDFC Bank, RBL Bank, ICICI Bank, Axis Bank, and IndusInd Bank are said to be 'safe', while Federal Bank, Karur Vysya Bank, Karnataka Bank, Dhanlaxmi Bank and South Indian Bank are in the 'red zone'.16-Mar-2020
1. HDFC Bank
What is Federal Bank famous for?
Federal Bank is the preferred Personal, NRI and Business banking partner for a growing expanse of customers across India, in both urban and rural areas. The Bank is driven by the quest to be one of the most admired banking institutions in the country.
What is the minimum balance in federal bank account?