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Federal Bank - FedFirst - Savings Accounts
Federal Bank - FedFirst - Savings Accounts

Fed First

A customized savings account variant exclusively for Kids

Make Your First Bank account special with Federal Bank’s FedFirst, an exclusive product crafted for your first step towards saving and spending smartly!

  • Features & Benefits
  • Eligibility
  • Balance Requirement
  • Rates & Charges
  • Access your pocket money 24x7 with Contactless Debit Card:
Daily Cash withdrawal limit at ATMs Daily shopping limit at POS / E-com
Rs. 2,500 Rs. 10,000 (includes Daily Contactless transaction limit  of Rs. 5000/- )
  • Free Mobile alerts & Free E-mail alerts
  • Reward points and seasonal cashbacks on Debit Card
  • Exclusive deals and offers on your favorite Brands
  • Free standing instruction facility from the account of parent to children
  • Nil Debit card AMC  subject to an annual spend Rs. 10,000/- via POS/ E-com
  • Watch Your Money Grow
    • Recurring Deposit Facility- Save your pocket money and invest small amounts as Recurring Deposit to make your dreams come true.
    • Systematic Investment Plan- Invest in mutual funds and get great returns on your investments through your FedFirst account.
  • Children up to age of 18 years (both Resident and NRIs) can apply for this account. 
  • In case of minor below 10 years the account shall be opened with parents/guardians as Authorized Signatory. 
  • Minors above 10 years may open account in their sole name and operate savings bank accounts independently.
  • To open FedFirst savings account, you may please visit your nearest Federal Bank branch.
  • Average  Monthly Balance of Rs. 1,000/-
  • Minimum balance charges will be waived subject to parent opening a premium*account OR by opening an RD# in the name of the minor. 

*Premium SB account defined as SB account with scheme AMB >=Rs.25,000  and Mahilamitra scheme
#Minimum RD amount of Rs. 2000/- for minimum period  of 1 year to be  eligible for SB account AMB  waiver till the maturity period of the RD.

  • For rates & charges and fees, please click here.

FedFirst Kid's Savings account - Related Links

Federal Rewards


Contactless Debit Cards


Get Email Alerts


Get Mobile Alerts