A tailor made operative account for Trusts, Associations, Clubs, Committees, and Governing Bodies not into business, trading or rendering professional services for profit or fee. If you are a Society, then you should be registered under the Societies Registration Act, 1860 or other equivalent laws in force. Your entire income should be exempted from payment of Income-tax under the Income-Tax Act, 1961.
Minimum balance
Average Quarterly Balance to be maintained is only Rs 5,000
Features
- Free 100 transactions per quarter
- Free 40 Anywhere Cheque leaves per half year
- Free monthly statement of account by post / email
- Free view facility through Internet Banking
- Free Mobile banking
- Free E-mail alerts
- Free monthly demand drafts up to a limit of Rs 20000/-
- Free daily withdrawal of cash up to Rs 50,000/- (branches within / outside the clearing zone)
- 50% concession on service charges for collection of outstation cheques.
- RTGS / NEFT facility available
- Free certified statement for auditing purpose
- Free remittance of donation to the account by Federal Bank Customers through Fednet / E-commerce/ M-Commerce facility.
Any Where Banking facility from branches within the clearing zone
Free AWB cash remittance
Free clearing collection and fund transfer facility
Any Where Banking facility from branches outside the clearing zone
Free monthly remittance of cash up to Rs 1,00,000/-
Free monthly clearing / collection / transfer up to Rs 1,00,000/-
Additional Facilities
Fee collection facilities for Schools / Colleges run by you
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