FedSalary Premium

Complimentary insurance cover worth upto 87.05 Lakhs available*

Air Accidental death cover - Rs. 50L

Term Life Insurance coverage of Rs.1 Lakh available.

Personal Accidental Death Cover, PTD & PPD# - Rs. 35L*

Debit Card Protection up to Rs. 1L 

Ambulance charges cover up to 5000/-

*Hospital Cash Facility available @1500/day for 10 days per year

* Conditions apply

Salaried persons with a net salary of Rs 30,000 and above can open Fed Salary Premium Account.

KYC Documents Required (Any one address proof and identity proof)

Recent photograph

• Two copies of recent passport size photograph
• Employer Introduction letter/ Employee ID Card

• 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into the account for more than 3 consecutive months, the special features offered under the said Account stands withdrawn and the account shall be treated as a Normal Savings Account under our standard charge structure and Avg.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
• Complimentary Insurance will be live from 60th day of customer on boarding. i.e., Account opening/ scheme change date
• Customers in the age group of 18 – 65 will only be covered.
• Only the primary account holder will be eligible for the complimentary services offered in the scheme.
• Customer will be eligible for Insurance coverage/scheme features only after initial salary credit in account.


• Card Protection
  • The cover is applicable for primary cards only. Add-on Cards are not covered
  • Claim should be intimated within 30 days from date of loss / blocking by the insured.


• Personal Accidental Dealth Cover
  • Base Cover: Rs. 500000 per card by doing one ATM / POS / e-commerce transaction up to 50 days prior to the date of loss.
  • Accelerated cover up to Rs.25,00,000.For every additional POS / e-commerce transaction carried out through the Primary Debit Card 365 days prior to the date of loss, sum insured increases by Rs.100,000/- per transaction.


• Air Accidental Cover
  • Air accident coverage is applicable only if the Airline tickets are purchased using the above mentioned cards.

• Term Life Insurance cover
  • Accounts opened or scheme changed to FedSalary premium scheme from 01/02/2024 will only be eligible for the Term Life Insurance facility.
  • ECOM / POS spent of minimum Rs.1000 within 60 days of onboarding to salary scheme using the linked debit card is the basic criterion required for activation of this feature.
  • Insurance will be live from 60th day of customer on boarding (i.e., Account opening/ scheme change date) and will be valid for next 12 months.
  • Complimentary features offered in salary schemes are solely depended on the salary credits in accounts.
  • Insurance coverage is extended only to primary account holders.
  • Customers in the age group of 18 – 65 will only be covered.
  • Insurance coverage will be renewed every year if the customer is maintaining the scheme eligibility criteria.

• Hospital Cash Facility

  *Waiting Period Applicable for Hospital Cash – Illness:

  1. General: 30 Days

  2. Specific Illness & Procedure: 24 Months

  3. Pre-existing Diseases: 48 Months



• Police and defense accounts are covered under the policy on off-duty cover basis only. Any claim arising as a result of on-duty accidents will not be payable.
• Injury caused by surgery
• Nuclear energy risk
• Professional activities of military personnel
• Offshore activities
• Accidental Death or Permanent Disablement due to pregnancy or childbirth
• Insect / mosquito bite
• Terrorism due to nuclear / chemical / biological risk
• Adventure sports
• Epidemic / Pandemic
• War