FedFirst
Features & Benefits
| Age at entry | Daily Cash withdrawal limit at ATMs | Daily shopping limit at POS / E-com |
|---|---|---|
| Rs. 2,500 | Rs. 10,000 (includes Daily Contactless transaction limit of Rs. 5000/- ) |
Eligibility
- 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 FedFirst savings account, you may please visit your nearest Federal Bank branch.
Balance Requirement
- Average Monthly Balance of Rs. 1,000/-*.
*Minimum balance charges will be waived subject to:
- Parent opening FedSalary Premium/ GovEarn/GovEarn Prime OR
- Mother opening a MahilaMitra Plus/NRE Eve+ account OR
- Grandparent opening an Esteem account
Documents Required
| Age category |
Age category |
Single Mode |
Guardian mode |
|---|---|---|---|
|
0-10 years |
Not applicable as accounts cannot be opened with single mode of operation |
|
|
|
10-18 years |
|
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