top of page
Product Details
Bank Name
Federal Bank
Account Name
Fed Power Plus 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
INR 25,000
Debit Card Charges
VISA 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 Power Plus Saving Account
77.4
Special Features
50% concession on Processing Fee / Administration Fee for all Retail Loan Products
Eligibility Criteria
Resident Individuals (sole or joint account)
Hindu Undivided Families
Trusts
Associations
Clubs or Societies
Foreign Nationals residing in India (as permitted by Foreign Exchange Management Act)
Others specifically permitted by RBI
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free 20-Cheque leaves per half-year
VISA Platinum Debit Card
3 folios free per quarter
Free Mobile alerts and E-mail alerts
Free monthly Demand Draft limit of Rs. 50,000/-
50% concession on Processing Fee / Administration Fee for all Retail Loan Products
Free NEFT / RTGS facility
Free Internet banking and Free Mobile banking
Cons
No premium features.
No zero balance account facility available
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