Federal Bank offers savings and current accounts designed to serve both international customers, such as Indians living abroad (NRIs), as well as entrepreneurs and traders. With a range of exclusive benefits and flexibility in transactions, Federal Bank offers affordable banking options for a variety of profiles. In this article, we detail each account and its benefits so that you can choose the one that best suits your needs.
Federal Bank Savings Accounts
Fed NRI Privilege
The Fed NRI Privilege account is aimed at Indians living abroad who are looking for a practical, high-value savings account. With unlimited cheque books, an International Visa Platinum debit card and unlimited ATM withdrawals, this account is designed to offer NRIs flexibility and accessibility. The account also offers internet banking services and a secure experience for those who need to manage finances from outside India.
Fed NRI Care
For NRIs who need a basic, affordable account, Fed NRI Care is ideal. It requires an affordable minimum balance, while guaranteeing all essential banking services and access to modern banking channels such as internet and mobile banking. It’s a practical solution for those who want simplicity without giving up important facilities.
FedFirst Kids Account
With children’s financial education in mind, the Federal Bank has created the FedFirst Kids Account. This savings account for children teaches them the value of money from an early age, helping them to develop the habit of saving. In addition, the account offers monitoring tools for parents and guardians, facilitating supervision and ensuring the safety of children’s savings.
Current Accounts at the Federal Bank
FedTrade
The FedTrade account was developed especially for small businesses and traders. This checking account allows withdrawals, deposits and transfers at no extra cost and is easy to manage. Ideal for those who need a robust account with high accessibility for daily operations, it offers excellent value for money.
FedPrime
With premium benefits, the FedPrime account is aimed at business customers looking for additional advantages. In addition to unlimited checkbooks, it has reduced rates on loan processing, ideal for those who want a differentiated service and lower bank fees. This account caters for both small and medium-sized businesses, providing an exclusive and practical banking experience.
Choosing the Right Account for You
Choosing the right Federal Bank account for you depends on your specific needs. Savings accounts, such as Fed NRI Privilege and Fed NRI Care, are great options for NRIs who need flexibility and accessibility in their transactions. For companies and businesses, FedTrade and FedPrime offer essential operational advantages for entrepreneurs and managers.