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Young Champ

The savings account for next generation

Young Champ

In a fast developing country like India, the aspirations of the youth are sky high. The young population is the strength and future of our country. To partner with the next generation, Federal Bank has introduced a fully loaded product - Young Champ. This product will act as a catalyst to teach our young ones the basic tenets of banking which includes the concept of Savings and Investment. 

  • Features and Benefits
  • How to apply ?
  • Low Minimum Opening Deposit
  • Specially Designed Debit Card with daily ATM/POS Limit of Rs 2500/- each
  • Charges waived on DD up to Rs 50,000/- per month for educational purpose.
  • Rewards point for opening Recurring Deposit along with the Young Champ account
  • Free Internet Banking (View facility only)
  • Free Mobile alerts
  • Free E-mail alerts
  • Free FedBook
  • Free standing instruction facility from the account of parent to children
  • 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 Young Champ account, you may please visit your nearest Federal Bank branch.
 
Reviews
4.7
The average rating is 5 stars out of 5.
6 total
5 4 
4 2 
3 0 
2 0 
1 0 

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Mohammed Faizan T K
Aug 13, 2016

The average rating is 5 stars out of 5.

I am giving thankful to federal bank that SB is helping to save our money's for more activities
MATHEW K C
Oct 19, 2015

The average rating is 4 stars out of 5.

Good approach taken by Federal bank, to get maximum benefit to its account holders
Basily George
Oct 14, 2015

The average rating is 5 stars out of 5.

Psalm 127:3 Children are a gift from the Lord; they are a reward from him. Good move from Federal Bank.
Biju George
Oct 09, 2015

The average rating is 5 stars out of 5.

GOOD FOR PROMOTING CHILDREN TO STUDY AND SELF AWARENESS IN BANKING
Gino James K
May 19, 2015

The average rating is 5 stars out of 5.

Wonderful product for your child.
Ramakrishna Iyer P
Mar 20, 2015

The average rating is 4 stars out of 5.

Appreciating efforts taken by Federal bank to teach basics of banking for our kids. Good option for promoting savings habit among children.
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