Federal bank saving account: minimum balance & penalty charges
Federal Bank is one of the fastest-growing private sector banks. It offers a variety of banking products and services, such as internet banking, mobile banking, online fee collection, cash management services, depository facilities, etc. But, as the necessary financial product of Federal Bank, they offer different savings accounts to their customers. There Are many different aspects of Federal Bank savings accounts, such as interest rates, different types of savings accounts, opening account process, minimum average balance, and a penalty charge. Interest Rates on Federal Bank Savings Accounts are based on the RBI’s repo rate. If you have a savings account with Federal Bank, then you should know about Federal Bank saving account minimum balance and penalty charges. What are the Federal Bank Saving Account Minimum Balance & Penalty Charges? If you are still doubtful of the facts and regulations for the above-mentioned subject, this article will quench your query satisfactorily. However, you must keep reading this article until the end to learn the necessary information. Here’s a detailed input on the types of Federal Bank Savings Accounts, Charges for Non-Maintenance of Average Minimum Balance, and penalty charges to be collected based on the actual Average Minimum Balance shortage in the […]
