Campaign Period: 15th Feb 2026 to 31st Mar 2026

Customer reward
  • Customers Eligible Age Group: 18 to 70 years on the date of issuance of the policy (01.06.2026 Tentatively)
  • NR Account holders who remit ₹2 lakh or above as a single remittance to their NRE/NRO CASA accounts.
  • Inward remittances / transfer from other banks will be eligible, provided the funds are retained in the same account for a minimum period of 60 days.
  • There should be a minimum incremental growth of ₹2 Lakh throughout the next 60 days from the balance on the day prior to the date of remittance of ₹2 Lakh or above.
  • Eligibility for Reward will be ascertained based on incremental growth in account balance.
  • Over the counter cash remittances and transfers within Federal Bank accounts will not be considered for the reward.

Customer reward
  • Complimentary Life Insurance Coverage (Accidental death/ Permanent disability due to Accident / Accidental Death (Air))up to a maximum of Rs. 1 Cr. for a year.
  • Even if the customer has remitted multiple times, he/she will be eligible for a single reward 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 ₹2 Lakh or above. 
  • For e.g., If a customer, whose balance on 16th Feb 2026 was ₹50,000, remits ₹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 2,50,000 till 19th April 2026 (that is for the next 60 days) from 17th February’s end of day balance.

Offer Terms and Conditions

  1. This Offer is valid from 15th February 2026 to 31st March 2026. This period, will, here-in-after in this document, be referred to as ‘Offer Period.’
  2. Eligibility criteria:
    1. All NRI Customers remitting ₹2 Lakh & above to their NRE/NRO Savings / Current Accounts and retaining the same for a minimum period of 60 days will be eligible for an assured reward of Complimentary Life Insurance Coverage (Accidental death/ Permanent disability due to Accident / Accidental Death (Air)) upto a maximum of Rs. 1 Cr. for a year, subject to the condition that remittance made during the campaign has resulted in a Minimum incremental growth of ₹2 Lakh from the existing balance on the day prior to the date of remittance of ₹2 Lakh or above and the conditions for the insurance are met.
    2. Even if the customer has remitted multiple times, he/she will be eligible for a single reward 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 Complimentary Life Insurance Coverage upto a maximum of Rs. 1 Cr. for a year.  if the condition No. 2 is satisfied. 
    In case of queries, please e-mail to contact@federalbank.co.in, You can also reach us at our contact center numbers 0484 2630994 or 0484 2630995 
    This offer is not applicable for remittances made in NRE and NRO Term deposits.
    The Offer will be valid from 15th February 2026 to 31st March 2026 (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. 
    Eligible customers will be enrolled to the complimentary Life insurance package from 01.06.2026 tentatively
  4. The Customer availing this offer shall be deemed to have read, understood and accepted these terms and conditions and bound by the same.
  5. The decision of Federal Bank regarding the Offer shall be final and binding on the Customers.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.
  11. Nothing contained herein amounts to a commitment by Federal Bank to conduct further, similar or other offers.
  12. 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".
  13. 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.
  14. The Offer is non-transferable.
  15. 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.
  16. 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.

Insurance eligibility and Terms and condition

 Insured Person

All active NRI and OCI/PIO account holders of Federal Bank who are eligible for the Remit and Retain Campaign.

Entry age

18 to 70 Years (Age to be computed as on completed birthday)

Coverage

Section

Territory of Insurance

Sum Insured (Rs.)

Accidental Death  (AD)

Worldwide

 25 Lakhs

Permanent disability due to Accident (PTD)

 25 Lakhs

Accidental Death (Air)  (AA)

 100 Lakhs

Coverage 1 & 2: Personal Accident & Permanent Total Disability

Sum Insured: Rs. 25 lakhs  

Accidental Death (AD): If such injury shall within twelve calendar months of its occurrence be the sole and direct cause of the death of the Insured Person.  

Permanent Total Disability (PTD): Sight of both eyes / Physical separation of Two entire hands / Physical separation of Two entire Feet / Physical separation of One entire hand and one entire foot / or of such loss of sight of one eye and such loss of one entire hand or one entire foot.  Use of two hands or two feet / One hand and one foot / Loss of sight of one eye and such loss of use of one hand or one foot.  

If such injury shall, as a direct consequence thereof, immediately, permanently, totally and absolutely, disable the Insured Person from engaging in being occupied with or giving attention to any employment or occupation of any description.  

Coverage 2: Accidental Death - Air Accident

Sum Insured: Rs. 1 crore  

Air accident is covered provided the insured is a fare paying passenger on a recognized airline operating on regular scheduled air routes or air travel by any charter aircraft duly licensed as a recognized air carrier and flown by professional crews between properly established and maintained airports/routes.  

We will pay Insured Person's nominee/ legal heir (as the case may be), the Sum Insured, If an Insured Person sustains accidental bodily injury due to Air Accident which within 12 months solely and independently of any other cause results in accidental death subject to the following condition.

 

Conditions

  • The policy will be all active NRI and OCI/PIO account holders of Federal Bank who are eligible for the remittance campaign.  
  • Insurance coverage is extended only to primary account holders.  
  • The policy will be on named basis only.  
  • The Policy will not cover Insured / Insured Person who is less than 18 year and more than 70 years of age (as on completed Birthday).  
  • The claim liability of insurer shall be restricted to the single account sum insured irrespective of multiple accounts held by the Insured. Highest Sum Insured of a single Active account will be payable.  
  • The cover is not applicable to any add-on cards or any other linked cards.  
  • In case of Claim payment under Accidental Death (AD), Permanent Total disability or Accidental Death- Air Accident there will be no further claim accepted under the policy.  
  • The maximum claim eligibility under a single account shall be restricted to the sum insured mentioned in the policy schedule irrespective of number of account holders in a single account.  
  • The Account must be Active and there must be one financial transaction during the policy tenure.  
  • Claim proceeds shall be given to the nominee / family / legal heir of the deceased person as the case may be.  
  • For Death Claim under the policy - FIR is mandatory.  
  • All types of claims will be settled in Indian currency only.  
  • At the time of claim if there are any wrong declaration related to any other material information the company reserves the right to reject the claim basis wrongful/mis declaration.  
  • In case of any claim made under the policy no premium shall be refunded on cancellation of the policy.  
  • In the event of any incorrect representation, the liability shall be upon the Policyholder.  

 

Exclusions

  • Payment of benefits shall not be available in respect of death, injury or disablement directly or indirectly arising out of or contributed to by or traceable to any disability existing on the date of issue of the policy.  
  • Intentional self-injury, suicide or attempted suicide or whilst under the influence of intoxicating liquor or drugs.  
  • Professional sports team in respect of specific benefit for inability to perform.  
  • Terrorism, War, war-like situation, invasion or in consequence thereof or nuclear risk.  
  • Payment of compensation in respect of death, permanent total disablement of Insured person arising or resulting from the Insured Person committing any breach of law with criminal intent.  
  • Naval Forces, military, policemen, firemen, Armed forces, fishermen are excluded from scope of this policy.  
  • Employers' liability, occupational disease.  
  • Perils of the sea are excluded from the scope of the policy.  
  • Any loss sustained while performing or participating in any of the following occupations or events shall not be covered: Working in mines, explosives, electrical installations on high tension electric lines, racing, circus personnel, skiing, mountaineering, hunting, gliding, river rafting, winter sports, ice hockey, polo and occupations of similar hazard.  

The above list of exclusions are not exhaustive. Kindly refer Policy Terms and conditions