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Remit n Retain FY 24

Campaign Period

12th February to 31st March 2024

Campaign criteria

  • NRI customers of Federal Bank who remit Rs. 2 lakh or above as a single remittance to NRE/NRO operative accounts other than loan accounts .
  • Inward remittances from abroad / transfer from other banks are eligible, provided the remitted funds are retained in the same account for a minimum period of 45 days.
  • There should be a minimum incremental growth of Rs.2 Lakh from the existing balance, i.e. the balance on the day prior to the date of remittance of Rs. 2 Lakh or above. 
  • Eligibility for gift will be ascertained based on incremental growth in account.
  • Over the counter cash remittances and transfers within Federal Bank accounts will not be considered for gift.

Customer reward

 

  • All customers remitting Rs. 2 Lakh & above to their NRE/NRO operative accounts other than loan accounts maintained with Federal Bank and retaining the same for a minimum period of 45 days will be eligible for an assured gift – a premium branded Duffle bag, subject to the condition that remittance made during the campaign has resulted in a Minimum incremental growth of Rs.2 Lakh from the existing balance on the day prior to the date of remittance of Rs. 2 Lakh or above. 
  • Even if the customer has remitted multiple times, he/she will be eligible for a single gift only. And eligibility of the same will be ascertained based on the incremental growth of volume from his existing balance from the previous day of the remittance of Rs. 2 Lakh or above. 

For e.g.: If a customer, whose balance on 16th Feb 2024 was Rs 5,000, remits Rs 2,00,000 on 17th Feb to his account:- In order to become eligible for the gift, the customer has to make sure that his balance doesn’t fall below Rs 2,05,000 till 1st  of April   2024 (that is for the next 45 days) from 17th February’s end of day balance.
 

 

Offer Terms and Conditions


1. This Offer is valid from 12th February 2024 to 31st March 2024. This period, will, here-in-after in this document, be referred to as ‘Offer Period.’

2. Eligibility criteria:

All NRI Customers remitting Rs. 2 Lakh & above to their NRE/NRO  operative accounts other than loan accounts and retaining the same for a minimum period of 45 days will be eligible for an assured gift – a premium branded Duffle bag, subject to the condition that remittance made during the campaign has resulted in a Minimum incremental growth of Rs.2 Lakh from the existing balance on the day prior to the date of remittance of Rs. 2 Lakh or above. 

Even if the customer has remitted multiple times, he/she will be eligible for a single gift only. And eligibility of the same will be ascertained based on the incremental growth of volume from his existing balance. Over the counter cash remittances and transfers within Federal Bank accounts will not be considered for gift.
 

3. Customer is eligible for a branded Duffle Bag if the condition Nno. 2 is satisfied. 
4. In case of queries, please e-mail to contact@federalbank.co.in, You can also reach us at our contact centre numbers 0484 2630994 or 0484 2630995 
5. This offer is not applicable for remittances made in NRE and NRO Term deposits
6. The Offer will be valid from 12th February 2024 to 31st  March 2024 (both days inclusive) ("Offer Period"), unless revoked or extended by Federal Bank in its sole discretion without any prior notice and without any liability. Federal Bank reserves the right to extend, withdraw, discontinue or terminate this offer at any time without prior notice. 
7. Eligible customers can collect the gift from their home branches from 1st July 2024 onwards.
8. The Customer availing this offer shall be deemed to have read, understood and accepted these terms and conditions and bound by the same.
9. The decision of Federal Bank regarding the Offer shall be final and binding on the Customers.
10. This Offer will not be applicable for any transaction in case the transaction is cancelled, by the customer and/or by the service provider for any reason whatsoever.
11. In the event of failure of a customer to comply with these Offer Terms, he/she will not be eligible to receive any points under this Offer.
12. 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.
13. Federal Bank reserves the right to disqualify any customer from the benefits under the Offer if any fraudulent activity is identified as being carried out for the purpose of availing the Offer.
14. By participating in this Offer, every 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.
15. Nothing contained herein amounts to a commitment by Federal Bank to conduct further, similar or other offers.
16. 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".
17.Federal Bank shall not be liable if the Offer cannot be availed by the Customer due to network connectivity and/or due to any other issues related to the network service provider.
18. The Offer is non-transferable.
19. 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.
20. The Offer is subject to applicable Indian laws and any disputes arising out of these offers are subject to the exclusive jurisdiction of the competent courts/tribunals of Kochi, Kerala.