FedClassic 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, VISA Gold/Platinum debit card, auto sweep facility, temporary overdraft facility, cheque collection, door step banking, cash pickup facility and much more.
- Free Personal Accidental Death Cover of Rs. 10 Lakhs*
- Unique ‘3-in-1' trading account: Account opening charges and 1 year annual maintenance charges waived off on Demat account along with trading account. First 10 trading transactions will be free of charges
- Overdraft facility upto 80% of one month Salary
- Free Zero balance Family account*
- Free International VISA Gold/ Platinum Debit Cards with higher limits
- Free access to other bank ATMs in India*
- Anywhere banking across our extensive Branch and ATM network*
- Personal loans upto Rs. 10 Lakhs*
- 25 % discount on locker rent*
- Loans at competitive rates with reduced processing fee*
- NPS services
- If your monthly salary is up to Rs. 1,00,000/-: Visa Gold Card- Free (Visa Gold Card EMV chip based – Optional with applicable charges)
- If your Monthly Salary of Rs. 1,00,000/- and above: Free Visa Platinum Card
Additional Debit card for joint account holder:
VISA GOLD Card or VISA Platinum Card as the case may be, with applicable maintenance charges.
|Cash Withdrawal|| |
100% Charges will be reimbursed.
Maximum permissible limit is up to Rs. 1,00,000/- per day (Self)
|Clearing||Free local clearing|
|Outstation Clearing||Normal outstation clearing charges|
|RTGS/NEFT||100% charges will be reimbursed|
Who can apply
- Employees of Business units/ Corporate, approved by Zonal Office.
- Minimum number of accounts to be opened - 10.
- Majority of the employees who intend to open account with us shall be earning net salary of Rs. 50,000/- or more.
Pay utility bills with more convenience
Telephone bills, your child's school fees or your LIC premium- pay online from anywhere in the world- Know more.
Protect your valuables with Safe Deposit Locker facilities from Federal Bank- Know more.
Your dream home is never far away !
Need funds to build a house, purchase new property or renovate your existing home? We're at your help - Know more.
|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. 50,000/-, and in multiple of Rs 50,000/-.|
|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%.|
|Door Step Banking|| Door step banking to account holders with salary of Rs.50,000 and above. |
Documents required for opening the account
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.
Passport, Voter's Identity Card, Driving License, Telephone Bill, Electricity Bill, Bank account statement (opened subject to KYC compliance)
Two copies of recent passport size photograph