Features & Benefits

FedFirst is a customized savings account exclusively for Children- Make Your First Bank account special with Federal Bank’s FedFirst, an exclusive product crafted for your first step towards spending and saving smartly.
Children up to age of 18 years (both Resident and NRIs) can apply for this account. 
Access your pocket money 24x7 with Contactless Debit Card:
Free Mobile alerts & Free E-mail alerts
Reward points and seasonal cashbacks on Debit Card
Exclusive deals and offers on your favorite Brands
Free standing instruction facility from the account of parent to children
Nil Debit card AMC  subject to an annual spend Rs. 10,000/- via POS/ E-com
Recurring Deposit Facility- Save your pocket money and invest small amounts as Recurring Deposit to make your dreams come true
Systematic Investment Plan- Invest in mutual funds and get great returns on your investments through your FedFirst account.


Daily Cash withdrawal limit at ATMs Daily shopping limit at POS / E-com
Rs. 2,500 Rs. 10,000 (includes Daily Contactless transaction limit  of Rs. 5000/- )


  • Children up to age of 18 years (both Resident and NRIs) can apply for this account. 
  • In case of minor below 10 years the account shall be opened with parents/guardians as Authorized Signatory. 
  • Minors above 10 years may open account in their sole name and operate savings bank accounts independently.
  • To open FedFirst savings account, you may please visit your nearest Federal Bank branch.

Balance Requirement

  • Average  Monthly Balance of Rs. 1,000/-
  • Minimum balance charges will be waived subject to parent opening a premium*account OR by opening an RD# in the name of the minor. 

**Premium SB account defined as SB account with scheme AMB >=Rs.25,000 
#Minimum RD amount of Rs. 2000/- for minimum period  of 1 year to be  eligible for SB account AMB  waiver till the maturity period of the RD.

Fees & Charges

  • For rates & charges and fees, please click here.

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