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FED SALARY

Features

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

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A convenient zero balance account with many features
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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)
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Complementary Visa Signet Debit card with Nil AMC.
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Explore the power of Mobile Banking - Transfer your funds in seconds, Top-up your Mobile / DTH on the go, Utility bill payments
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Complimentary Personal Accidental Cover of 10 Lakhs available
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Tap to pay facility available.
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20-Cheque leaves free per half-year
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One Free monthly account statement to be collected from Branch, if not opted for passbook
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Transfer funds online to any bank across the country through NEFT / RTGS
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Preferential rates for Auto/Housing & Personal loans.
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Credit card facility available.
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It's All Free - Mobile & Internet Banking, NEFT/RTGS using FedMobile

How to apply ?

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

Terms and Conditions

  • Salaried persons with a net salary of Rs 10,000 and above are eligible to open the 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into the account for more than 3 consecutive months, the special features offered under the said Account stands withdrawn and the account shall be treated as a Normal Savings Account under our standard charge structure and Avg.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. Click Here to Know More

  • Conditions for PA Coverage
  • Complimentary Insurance coverage will be active after 60 days of Account opening date.
  • Customers in the age group of 18 – 65 will only be covered.
  • Insurance facility is provided only for the accounts opened in FedSalary scheme after 01/11/2021
  • Insurance coverage will be automatically renewed every year if the customer is maintaining the FedSalary eligibility criteria.
  • Coverage will be valid only if the customer was maintaining the salary credits for the last three months from the claim date.
  • There should be at least one succesful customer initiated transaction within 30 days prior to date of accident including accident date on POS.
  • Base Sum Insured (accidental Death) is 3L, SI would be increased by 50,000 for every successful transaction done for POS (Point of Sale) and E commerce (Except UPI) up to a maximum limit of 10 lakhs.
  • POS and E commerce transactions done through primary debit card associated with the account within 30 days of date of incidence will be considered for SI enhancement.
  • Passbook Entry, ATM and Micro ATM POS transactions (Cash Withdrawal) are excluded from the scope of the policy.

Documents Required

KYC Documents (Any one address proof and identity proof)

Document Identity Proof Address Proof
Passport Yes Yes
Driving Licence Yes Yes
Voter's Identity Card Yes Yes
Aadhaar Yes Yes
Job card by NREGA duly signed by an officer of the State Government Yes Yes
Permanent Account Number (PAN) card Yes No

 

Recent photograph

Two copies of recent passport size photograph

Employer Introduction letter/ Employee ID Card

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