- Features and Benefits
- Eligibility Criteria
Key features are:
- Special Priority Banking Lounges for your banking transactions.
- Relationship Managers to take care of your banking needs.
- Photo affixed EMV Master Premium Card exclusively for you. (total transaction limit of Rs.4.00 lakhs per day- Rs.2.00 lakh cash withdrawal & Rs.2.00 lakh shopping limit)
- A host of free services – unlimited DD's, Anywhere Cheque books, NEFT/RTGS services, standing instructions & Bill Pay facilities, unlimited cash deposits at other branches.
- Free cash withdrawal at other branches up to Rs.1.00 lakh per day.
- Internet banking, Phone banking & mobile banking.
- Free Monthly account statements through e-mail or by post as per option of the customer.
- Free Standing instructions and bill pay facilities.
- 50% discount on Safe deposit locker Rentals(concession limited to Rs.1000 per year).
- 50% concessions in processing fees for retail loans.
- Door Step Banking*
- Zero balance ONR account in the name of NRE FedSelect customers.
- Life Style Privileges- discounts/promotions offered by Master card/ Federal Bank from time to time
Average Monthly Balance of Rs.75000/- in savings account plus a term deposit of Rs.5.00 lakhs. (Incase of insufficient term deposit, charges as applicable to FedSelect scheme with AMB of Rs 150000 will be applied. )