Suraksha Deposit


Suraksha deposit

Senior citizens have a special care at Federal Bank. Federal Bank presents ‘Suraksha Deposit Scheme' for the benefit of our Senior citizens.


Benefits
  • A novel scheme for senior citizens from Federal Bank.
  • 0.50 % interest above the normal rates.
  • No charges for issue of 2 Demand Drafts per month with upper limit of Rs.5000/- for senior citizens maintaining an aggregate deposit of Rs.25000/-.
  • No collection charges for two instruments per month with an upper limit of Rs.2500/- for Senior Citizens maintaining an aggregate deposit of Rs.25,000/- and above.
  • Opening of joint accounts permitted.
  • All resident Indian individuals aged 60 years and above are eligible.