top of page
Product Details
Bank Name
Federal Bank
Account Name
Fed Excel Saving Account
Account Type
Saving
Interest Rate
For balance upto 3 Lakhs: 3%. For balance above 3 Lakh 3.05%.
Free Debit Card
No
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
Visa Signet Platinum Debit Card
Joining fee: INR 300, Annual fee: INR 300
NEFT Charges
Free
IMPS Charges
Upto INR 1,000: INR. 0;
1,001 to 1 Lakh: INR.5;
1,00,001 to 2 Lakh: INR 15,
above INR 2 Lakh: INR 17
Fees and Charges
Fed Excel Saving Account
77.4
Special Features
exclusive savings account product for professionals, budding entrepreneurs and registered members of reputed organizations like JCI, FICCI and Chamber of Commerce.
Eligibility Criteria
Resident individuals
Professionals holding government approved Degree or above, and qualified as: A Doctor in any branch of medicine / An Engineer in any branch of engineering.
CA/ACCA/ICWA/CFA/CS/CFM/MCA/MBA/PGDBA/PGDBM and Advocates and Self employed with any of these qualifications
Registered members of JCI, FICCI and Chambers of commerce.
Promoters of business units in any Government approved/sponsored/ promoted start up villages/IT villages.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free NEFT and RTGS transfer.
Free 20-Cheque leaves per half-year
FREE Mobile alerts
No Folio charges
FREE Demand Drafts upto Rs. 2,00,000/- per month
FREE Internet Banking and FREE Mobile Banking
No Minimum balance required ;
Visa Signet Platinum Debit Card
Cons
No premium features.
Minimum initial remittance of Rs. 10,000/- is required.
Application Procedure
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
bottom of page