FedSalary Premium


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FedSalary Premium

FedSalary Premium is a feature rich Savings Bank Account for high end salary earners. The account comes with a bundle of benefits and features such as no minimum balance requirement, Free MasterCard Imperio Debit Card with Free Airport Lounge Access*, auto sweep facility, temporary overdraft facility, cheque collection, door step banking and much more.

  • Features & Benefits
  • Eligibility
  • Other features
  • Documents required for opening the account
  • Ways to access your account
  • Interest Rates & Service Charges
  • Terms and Conditions

Key Features

  • An exclusive premium account with No balance stipulation.
  • A cover for unplanned expenses - Salary Overdraft facility upto 80 % of monthly Salary
  • Free insurance cover worth up to Rs. 82.5L*
    • Air Accidental death cover - Rs. 50L
    • Personal Accidental Death Cover, PTD & PPD# - Rs. 30L*
    • Debit Card Protection up to Rs. 2L 
    • Child Tuition Benefit up to Rs 25000/-
    • House/Vehicle Modification expenses cover up to 20,000/- 
    • Ambulance charges cover up to 5000/-
    • Act of Terrorism is covered
  • Any ATM my ATM facility- Free access to other bank ATMs in India*
  • Free MasterCard Imperio debit card with higher limits, Airport lounge access, lifestyle privileges and much more
  • Free Family Account- Zero balance account for your family members
  • Unique ‘3-in-1' proposition- Account opening charges and 1 year annual maintenance charges waived off on Demat account along with Trading account.
  • Car Loans, Home Loans and Personal Loans  at competitive rates
  • Balance transfer scheme - Seamless transfer of loans from other Banks
  • Discount of 25% on locker rent subject to availability.
  • Internationally accepted Credit cards co-branded with State Bank of India
  • Transfer funds online to any bank across the country through NEFT / RTGS
  • It's All Free - All alerts, Mobile & Internet Banking, anywhere Banking, Online NEFT/RTGS
  • Explore the power of Mobile Banking - Transfer your funds in seconds, Top-up your Mobile / DTH on the go, Utility bill payments

Who can apply

  • Salaried persons with a net salary of Rs 30,000 and above  

Demat Facility Free account opening with Zero AMC for first year. Normal brokerage and other charges applicable.
Financial Planning Services Individual financial planning products from IDBI Federal, BAGIC and Mutual funds.
Online Banking 24x7 Free transaction facility enabled online banking (Fednet Facility) with higher transaction limits. 
Auto sweep facility Sweep facility on demand for balance above Rs. 1,00,000/-, and in multiple of Rs 25,000/- 
Temporary Overdraft facility Credit facility up to 80% of one month salary, subject to a maximum of Rs. 1,00,000/- at Base rate +2.00%.


Identity Proof


Passport, PAN Card, Voter's Identity Card, Driving License, Identity Card / Confirmation from employer (to the satisfaction of the Bank), Letter from a public authority or public servant verifying the identity and residence of the customer to the satisfaction of the bank.


Address proof


Passport, Voter's Identity Card, Driving License, Telephone Bill, Electricity Bill, Bank account statement (opened subject to KYC compliance)


Recent photograph


Two copies of recent passport size photograph

Federal Bank provides you a number of ways to access your accounts and experience the host of services offered by us. Without visiting your branch, you can choose any of the following channels to access your bank account:

Internet Banking Mobile Banking ATM Services Tele Banking

Please visit the Rates & Charges page for Savings bank interest rate.

For Service charges and fees, please click here.

  • Savings account under Salary scheme is a special account offered to customers with regular direct salary credits coming into this account.
  • In case the monthly salary is not credited into the account for more than 3 consecutive months, the special features offered under the said Account stands withdrawn and the account shall be treated as a Normal Savings Account under our standard charge structure and Avg. Monthly Balance (AMB) is required to be maintained, and all charges shall be levied and applied as applicable to Normal Savings Bank accounts.
  • You may please contact your nearest branch for further details.