NRI Customers FD Campaign

FedMobile Campaign Terms and Conditions

The Federal Bank Ltd. (‘the Bank’) may at its sole discretion provide an offer for FedMobile such as discount/gift/cashback/savings coupons (FedMobile Offer) to its customers who are availing /using the banking application called ‘FedMobile’, subject to the terms and conditions hereunder. The Customers shall be bound by these terms while availing/using the FedMobile Offer.

Customer Campaign for FedMobile

Get ‘Fed Oriental Pravasi Insurance’ policy free of cost on opening a Fixed Deposit using FedMobile

1. The Offer is made available by Federal Bank exclusively on FedMobile app. Deposits opened by the customers using any other channel other than FedMobile app will not be considered eligible for the Offer.

2. The offer can be availed by the Customers by opening one Fixed Deposit amounting to a minimum of Rs.1,00,000/-(Rupees One Lakh) or multiple fixed deposits aggregating to Rs. 1,00,000/- (Rupees One Lakh)or more using the same customer ID through FedMobile during the campaign period.

3. For a customer to be eligible for the Offer, the minimum amount for opening a Fixed Deposit should be Rs.1 Lac Rs.1,00,000/- (Rupees One Lakh) or the cumulative amount of all the Fixed Deposits opened during the campaign period should be equivalent to Rs.1,00,000/- (Rupees One Lakh)or more. The minimum duration/term for which the Fixed Deposit/s shall be opened to be eligible under the campaign is 12 months.

4. Eligible Customers will be covered under Fed Oriental Pravasi Insurance for a period of one year, the premium of which will be borne by the Bank.

5. The ‘Fed Oriental Pravasi Insurance’ policy is a group linked policy issued by the Bank and hence no separate policy document will be issued in the name of the Customer.

6. Only non-resident customers between the ages of 18 years to 60 years are eligible to avail the offer.

7. The offer is available to existing NRE account holders of the Bank opening NRE Fixed Deposit or NRE Cash Certificate accounts for a period of 12 months or more.

8. The offer is not applicable to resident customers or customers residing in India for more than 180 days.

9.  Those customers who already have an active ‘Fed Oriental Pravasi Insurance’ policy are excluded from this offer. The offer is subject to Terms and Conditions of FED ORIENTAL PRAVASI POLICY (hereafter referred to as ‘T&C’) and T &C will be applicable for the issuance of the policy and if not eligible, the customer will be offered an Amazon Voucher of Rs 200/- within 30 days after the completion of the campaign period.

10. For the eligible customers, the insurance policy will be effective from the 1st day of subsequent month, of opening the deposit, onwards for a period of one year. For the customers opening FD on 31st Dec, the policy will be effective from Feb 1st, 2021 and for the customers opening FD on 30th January 2021, the policy will be effective from March 1st, 2021. 

11. The offer can be availed only once by a customer during the offer period.

12. The Offer is non-transferable.

13. Transactions done via “Shop & Chat” (Niki) have been excluded from this campaign.

14. The Offer will be valid from December 20, 2020 to January 30, 2021 (both days inclusive) ("Offer Period"), unless revoked or extended by Federal Bank in its sole discretion. Federal Bank reserves the right to extend, withdraw, discontinue or terminate this offer at any time without any prior notice and without any liability.

15. Please visit the link to read the terms and conditions of ‘Fed Oriental Pravasi Insurance’. These T & C shall form a part of this document.

16. The Customer availing this offer shall be deemed to have read, understood and accepted these terms and conditions and shall be bound by the same at all times.

17. The decision of Federal Bank regarding the Offer shall be final and binding on the Customers.

18. This Offer will not be applicable for any transaction which is cancelled, by the customer and/or by the service provide, for any reason whatsoever.

19. In the event of failure of a customer to comply with the Offer Terms & Conditions, he/she will not be eligible to receive any cashback/discount/ savings coupons under this Offer.

20. Federal Bank reserves the right, at any time, without prior notice and without assigning any reason whatsoever, to add/alter/modify/change or vary all or any of the terms and conditions of the Offer, or to replace, wholly or in part, this Offer by another offer, whether similar to this Offer or not.

21. Federal Bank reserves the right to disqualify any customer from the benefits under the Offer if any fraudulent/illegal/suspicious activity is identified as being carried out by or on behalf of the customer, for the purpose of availing the Offer.

22. By participating in this Offer, the customer expressly agrees that Federal Bank or any of its affiliates will not (under any circumstances) be liable or responsible for any loss or damage whatsoever that a customer may suffer, directly or indirectly, in connection with this Offer.

23. Nothing contained herein amounts to a commitment by Federal Bank to conduct further, similar or other offers.

24. The customers are not bound in any manner to participate in the Offer. Any such participation is voluntary and the same is being made purely on a "best effort basis".

25. The Federal Bank makes no warranty or representation of any kind in relation to the network or its connectivity or service/performance by the service provider and Bank shall not be liable for any loss or damage whatsoever suffered or incurred by the Customer resulting from or in connection with the same. Federal Bank shall not be liable if the Offer cannot be availed by the Customer due to lack of network connectivity and/or due to any other issues related to the service provider.

26. If the Customer initiates the transaction and the transaction fails, the Customer will not be eligible for the benefit of the Offer. The Offer will be applicable only if the amount has been debited from the account of the customer and the requisite deposit has been opened in Federal Bank through FedMobile app.

27. Under no circumstances shall the Bank be liable for any loss or damage whatsoever arising out of or in connection with the customers access to (or inability to avail, use or access) the products/services provided by the service provider or any failure, error, omission, interruption, defect or delay in availing the products/services provided by the service provider.

28. Federal Bank shall not in any way be deemed to be making any representation whatsoever about the usefulness, worthiness, quality, nature and/or character of product and/or services provided by the service provider and shall not be responsible for the same. The existence of a dispute regarding the usefulness, worthiness, nature and/or quality of product or services provided by the service provider shall not, under any circumstances, constitute a claim against Federal Bank.

29. In all disputes and other matters relating to the Offer, the decision of Federal Bank shall be final, conclusive and binding on the Customers in all respects.

30. The Offer is subject to applicable Indian laws and any disputes arising thereunder shall be subject to the exclusive jurisdiction of the competent courts/tribunals at Kochi, Kerala, India.

31. Any queries/communication/notice regarding the Offer shall be directed to Federal Bank’s 24-hour customer care number.