Federal Bank understands that every customer has unique banking needs. That's why they offer a range of online Savings Account options to cater to different customer segments.

Regular Savings Accounts

These are standard Savings Accounts which are perfect for individuals who have basic banking needs. Designed with the modern consumer in mind, these accounts come with attractive features that enhance the banking experience. Account holders benefit from a convenient Debit Card, access to up-to-date banking services, and the added advantage of free monthly limits for issuing Demand Drafts. 

Priority Banking Savings Accounts

Our premium savings accounts, including the Celesta and Imperio accounts, provide elevated transaction limits and exclusive perks. The Celesta Savings Account delivers an extraordinary personalized banking experience, inviting you to indulge in a delightful array of privileges that come with this Ultra-Premium Lifestyle Savings Account. The Imperio Savings Account represents an exceptional banking service, packed with a wealth of features tailored just for you! Designed as a bespoke banking solution, Imperio presents a comprehensive suite of services and beyond. Each service is meticulously crafted to reflect your individuality, allowing you to customize all your financial products to meet your specific needs. Imperio is expertly designed to address all your financial aspirations.

Zero Balance Digital Savings Account

FedSelfie Account is a zero balance digital savings account designed for convenience and accessibility.  You can open a Savings account through the mobile app using your Aadhaar and PAN Card. Account number will be generated instantly. This zero-balance account can be set up in less than five minutes through the FedMobile app, making it an ideal choice for tech-savvy individuals. Key features include a Mastercard Crown debit card, free internet and mobile banking, and free email alerts and statements. Additionally, RTGS/NEFT charges are reversed for up to four transactions below ₹50,000 per month when initiated through digital channels. 

Women's Savings Account

Mahilamitra Plus is a specially crafted savings account tailored for women, providing a host of appealing benefits that cater to their unique financial needs. Among these advantages are complimentary insurance coverage, which offers peace of mind, and preferential interest rates on home loans, making it easier for women to achieve their dream homes. Additionally, the account includes free RTGS and NEFT services, allowing for seamless money transfers without any extra charges. Moreover, account holders can open two zero-balance accounts for their children, promoting financial literacy from a young age. The enticing offers on debit cards further enhance the overall experience, providing added value with every transaction.

Wellness Savings Account

The Stellar Savings Account is designed to offer more than just a place to store money. This account integrates financial prosperity with holistic wellness, providing a range of benefits including milestone rewards, accelerated reward points on debit card spends, and a complimentary one-year wellness plan. The wellness plan includes fitness tracking, psychologist consultations, telemedicine, and offline care. Additionally, account holders receive a complimentary insurance cover of over ₹10 lakhs, which includes personal accident and disability cover.

Senior Citizens' Account

Esteem Savings account is a specialized savings account tailored for individuals aged 55 and older, offering enhanced features and prioritized customer service. This account includes a range of appealing features, such as access to airport lounges, complimentary health checkups, on-call doctor services, hospital cash benefits, wealth management assistance for retirement funds, a waiver on Demat account maintenance fees, doorstep banking services, a dedicated priority help desk, family benefits, and additional perks.

Kids' Savings Account 

FedFirst account is designed to educate children about the importance of saving from an early age. This account aims to instill financial literacy and responsible money management habits in children, encouraging them to develop a savings mindset that can benefit them throughout their lives. By introducing the concept of saving at a young age, the FedFirst account helps children understand the value of setting financial goals and the long-term advantages of accumulating savings over time.

Student's Savings Account

The Yuvamitra account is specifically designed to cater to the unique financial needs of students, providing a range of convenient features. Among these are Mobile Banking and Internet Banking services, which allow students to manage their finances easily and efficiently from their mobile devices or computers. This account is structured to offer flexibility and access, ensuring that students can conduct transactions, monitor their account balances, and receive important notifications anytime and anywhere, thus supporting their academic and personal financial activities.

Anyone can open a savings bank account with a bank or financial organisation to keep and increase their savings. These accounts often yield lower interest rates than other forms of investment products, but they enable easy access and liquidity of cash.

Savings accounts can be used for a variety of objectives including emergency savings, short-term savings and accumulating funds for a specific goal. Most savings accounts also include debit cards, online banking and mobile banking, making managing and executing transactions simple.

Steps to Open a Federal Bank Savings Account

Federal Bank provides customers with the facility to open a savings account online. The procedure for opening a savings account with the bank through the online mode is as follows:

Once the bank receives the minimum deposit, the savings account will be activated and the bank will provide the account details including the account number and card.

Documents Needed to Open a Federal Bank Savings Account

The documents required to open a savings bank account are as follows:

KYC Documents (Any one address proof and identity proof)

Recent photograph

Two copies of recent passport size photograph

Why a Federal Bank Savings Account is Best for You

The Federal Bank savings account is a great option if you are looking for a reliable and secure place to deposit your money. With this account, you can enjoy a range of benefits that make it stand out from other savings accounts on the market.

For starters, the account comes with a competitive interest rate that helps your money grow over time. You also get access to a range of convenient banking services, such as online banking, mobile banking, and SMS banking, making it easy to manage your account from anywhere at any time. Federal Bank offers a wide range of savings accounts with great features that cater to your specific needs.

Additionally, the Federal Bank savings account provides you with a range of personalised options and value-added services, such as personalised chequebooks, international debit cards, and much more.

Overall, this account is an excellent choice for anyone who wants to secure their finances and enjoy the peace of mind that comes with banking with a trusted and established institution like Federal Bank.

Safety Tips for Banking Customers

To ensure safety and security, here are some safety measures that one should follow:

• Never share personal information such as passwords, personal identification numbers (PINs) and one-time passwords (OTPs) with anyone, including bank officials, over the phone or email.
• Always use secure banking channels such as the bank's official website or mobile app to access one's account and perform transactions.
• Be cautious of phishing scams where fraudsters try to trick people into sharing their personal and bank details.
• Opt for two-factor authentication for accessing the account, which adds a layer of security.