BSE-NSE-web Portlet

Fed Salary

Fed Salary is a Zero-balance Salary Account for salaried individuals with free Debit Card, AWB and New Age banking Channels.

  • Features
  • How to apply ?
  • Balance Requirement
  • Documents Required
  • Ways to Access Your Account
  • Interest Rates & Service Charges
  • Terms and Conditions

Key Features

  • A zero balance account with many features

  • Any ATM My ATM facility  - Free access to other bank ATMs in India(Free access for accounts maintained outside Kerala and 10 free transactions for accounts maintained in Kerala)

  • Free Rupay Platinum debit card available.

  • Convenient Zero-balance account

  • Explore the power of Mobile Banking - Transfer your funds in seconds, Top-up your Mobile / DTH on the go, Utility bill payments

  • 20-Cheque leaves free per half-year 

  • One Free monthly account statement to be collected from Branch, if not opted for passbook

  • Transfer funds online to any bank across the country through NEFT / RTGS

  • Offer National Pension Scheme Services

  • It's All Free - Mobile & Internet Banking, NEFT/RTGS using FedMobile

Who Can Apply


  • Salaried persons with a net salary of Rs 10,000 and above  

How to Open Account?


You can open a salary account with us in simple steps. To know more, please click here.

  • No minimum balance required.

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

  • 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into the account for more than 3 consecutive months, the special features offered under the said Account stands withdrawn and the account shall be treated as a Normal Savings Account under our standard charge structure and Avg.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.

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