NRE Fixed Deposit rates increased upto 9.50% (w.e.f 1st January 2012)
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Now, NRIs can earn more on their foreign currency savings in rupee deposit. NRE Term Deposit is no longer a low interest bearing deposit scheme with Federal Bank. NRIs can continue to enjoy the tax free benefits and free Repatriation along with the high return.
To know more details, click here.
Millionaire Federal Savings Fund - For fulfilling your dreams.
Who doesn't want to become a millionaire ? In fact, everyone does. Federal Bank gifts you Millionaire Federal Savings Fund- a unique recurring deposit plan for our beloved NRI customers. This plan will let you invest systematically over a period of time and makes you a millionaire on maturity.
To know more details, click here.
Preferred Bank for NRIs
Federal Bank is an attractive destination for NRIs for their complete banking needs. With power packed NRE products and services, Federal Bank remains the preferred bank to NRIs. NRI relationship managers of the bank are deployed in most of the gulf countries to bring the services of the bank to the doorstep of NRIs.
Representative Office
Our representative office at Abu Dhabi is started functioning from Jan 2008 with the objective of giving quality customer service to our customers in the Middle East. The Rep Office is headed by a Chief Representative Officer, assisted by NRI relationship Managers spread across the GCC Countries. For address and details of the Representative Office and the Relationship Managers see the relevant page. Take me to the Abu Dhabi representative office page.
Types of Accounts
Bank offers a wide range of NRI services through all its branches. Non-Resident Indians (NRI) can open Non-Resident External (NRE), Non- Resident Ordinary (NRO) accounts in Indian Rupee. You can also have Foreign Currency Non- Resident (FCNR) accounts in nine foreign currencies approved by Reserve Bank of India- American Dollar (USD), British Pounds (GBP), Euro (EUR) , Japanese Yen (YEN), Australian Dollar (AUD), Singapore Dollar(SGD), Hong Kong Dollar (HKD), Swiss Franc(CHF) and Canadian Dollar (CAD).
Returning NRIs can open Resident Foreign Currency (RFC) account with any of our branches.
Foreign Currency Non Resident
Non Resident (External) A/C
Ordinary Non Resident Account
Inward Remittance
We have remittance arrangements with 41 Banks / Exchange companies / Online remittance providers , through out Gulf countries and correspondent banking arrangement with leading banks around the globe. You can utilise the services of these Banks / Exchange houses / Online remittance providers for remittances to accounts maintained in India with us and with other banks.
Our ‘Cash Online’ or ‘Fed-e-Cash’ service available at Banks / Exchange Houses in Gulf Countries helps you to make remittances up to Rs 50,000/-. The beneficiary can produce Photo Identity Card and collect the amount in cash.
Apart from a special online web-based money transfer service from US to India Fed-Remit, we have now extended our online remittance offering to 22 other countries as well.
Inward remittance page
Other Services
Bank has special loan schemes for NRIs. All our branches are authorised to grant and service such advances depending on size and merit of the case.
Loan Facilities for NRIs