Who Can Open?
Salary earners. Available only for employees of business units approved by Bank.
*Minimum 10 Savings Bank accounts needs to be opened to have the salary account facility for a company/unit/organization. Employer should maintain their account with Federal Bank and should provide up loadable electronic files for credit of salary
Balance requirement
Average quarterly balance of Rs 15,000/-
Features
- Free 40 Cheque leaves per half - year
- One free statement by e-mail/ hardcopy if not opted for the passbook
- Visa International Gold Debit Card
- Free daily cash withdrawals up to Rs 75,000/- (through ATM)
- Free daily POS transactions up to Rs 75,000/-
- Temporary overdraft facility through ATMs up to Rs 25,000/-
- Free Internet Banking
- Free Mobile banking
- Free E-mail alerts
- Free monthly demand draft limit of Rs 50,000/-
- 50% concession on service charges for collection of outstation cheques
- 50% concession in Processing Fee/Administration Fee for all Retail Loan Products
- NEFT / RTGS facility available
- Free daily withdrawal of cash up to Rs 50,000/- (branches within / outside the clearing zone)
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 2,00,000/-
Free monthly clearing / collection / transfer up to Rs 3,00,000/-
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