MAHILA MITRA PLUS

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Mahila Mitra Plus

A savings account exclusively for women, endowed with exciting features like complementary insurance, special rate on home loan, free RTGS / NEFT facility, two ZERO balance kids’ account, exciting Debit Card offers and much more, because every woman deserves more. 
 

  • Features
  • How to apply ?
  • Average Monthly Balance
  • Documents Required
  • Ways to Access Your Account
  • Interest Rates & Service Charges
  • Terms & Conditions
  • Free NEFT / RTGS facility 
  • Free 20-Cheque leaves per half-year
  • 1 folio free per quarter 
  • Free monthly Demand Draft limit of Rs. 50,000/- 
  • Special rates on Home Loan – 0.60% lower than Bank’s card rate*
  • 50% concession on Processing Fee / Administration Fee for Home Loans* 
  • Complementary Insurance up to 80.75 L* (Refer Terms and Conditions)
  • Two free FedFirst SB account in the name of minor children, with no minimum balance stipulation.
  • FedDelights Debit Card offers - Avail 15%* discount at select restaurants across the country.
  • Exciting Debit Card offers on Amazon, bigbasket, MakeMyTrip, Goibibo, Swiggy & INOX (valid up to 31.12.2021)
  • Contactless VISA Classic (CROWN) Debit Card with daily ATM limit of 50,000/- and POS/Ecom limit of   1,00,000/-.
  • Federal Rewards- Earn Reward Points on all your Debit Card spends online /POS/ FedNet and FedMobile (1 reward point for every   200/- spent)
 
  • Resident Women above 18 years can open Mahilamitra Plus account.
  • You can open the account as online or offline.
  • For opening the account online, please click here.
  • For opening the account offline, please download the account opening form. Duly filled account opening forms shall be submitted to your branch of choice along with the documents.

 

  • Metro/Urban Branch – Rs. 10,000
  • Semi Urban Branch – Rs. 7,500
  • Rural Branch – Rs. 5,000

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

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

Home Loan and Processing Fee

Home Loan exclusive interest rate offer is applicable for new loans availed after 1st of December 2021

Applicable only for primary ‘Mahila Mitra Plus’ account holder, and include the following-

  • Housing Loan
  • Home Extra Gain
  • Home Invest
  • Home Invest OD
  • Home Plus Top Up Equity
  • Home Plus Top Up Equity OD

50% concession in Processing Fee for Home Loans is applicable for all variant except property power loan and is subject to the following -

  • Borrower's CIBIL score must be minimum 730 or -1
  • Offer is applicable till 31/03/2022

Insurance

Benefits

Total Sum Insured ( In Rs)

Accidental Death

30,00,000*

Accidental Death (Air Accidents Only)

50,00,000*

Road Ambulance

5,000

Dependent Child Education Benefit

Amount payable per Child

Number of Children Covered: 2

25,000

Mobility Extension

20,000

 

  • Description of the Insured: Mahila Mitra Plus primary account holders of Federal Bank.
  • Applicable age bracket for insurance is 18 to 65 years.
  • Permanent Disablement is also covered up to a sum of Rs. 30,00,000 
  • For Accidental Death and Permanent Disablement coverage, the following condition should be fulfilled:

Step 1: Base Cover: Rs. 5,00,000 per customer by doing one ATM / POS / e-commerce transaction up to 50 days prior to the date of loss.

Step 2: Accelerated cover up to Rs. 25,00,000 (Total of Base + Accelerated to be Rs. 30,00,000 max). For every additional POS / e-commerce transaction carried out through the Primary Debit Card 50 days prior to the date of loss, sum insured increases by Rs. 100,000/- per transaction.

  • Air Accident is covered only if the Airline tickets are purchased through Mahila Mitra Plus savings account.
  • The following risk / perils have been explicitly excluded under the policy:
    • Injury caused by surgery
    • Nuclear energy risk
    • Professional activities of military personnel, police, defence or any other armed forces
    • 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
  • All supporting documents relating to the claim must be submitted to the company within sixty (60) days from the date of loss & the claim intimation should be within Thirty (30) days from the date of Loss.
  • The insurance will be applicable and in-force only after 60 days of the account opening.
  • Insurance claim is applicable if the customer is maintaining the stipulated account Average monthly Balance (AMB) for the preceding month.
  • For any claim settlement, customer/legal heir can contact the Insurer Customer Service No. 022-62346234 / 0120-62346234, Email: healthclaims@hdfcergo.com and provide reference Master Policy Number – 2999204360415400000. Alternatively, customer can contact the respective branch/RM.
  • For other T&C and more details contact your nearest branch/ Customer Care 1800 425 1199 Or 1800 420 1199

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