Federal Bank starts FedFirst savings account scheme
Federal Bank launches a new savings account scheme named FedFirst. the FedFirst scheme will be for children whose age is under 18 years.
- The main purpose of this scheme is to enable children learn the importance of money management.
FedFirst Features and Benefits –
- Daily Cash withdrawal limit at ATMs – Rs. 2,500
- Daily shopping limit at POS / E-com – Rs. 10,000 (includes Daily Contactless transaction limit of Rs. 5000/- )
- Free Mobile alerts
- Free E-mail alerts
- Reward points and seasonal cashbacks on Debit Card
FedFirst Scheme Eligibility
- Age should be Below 18 years
- If a child is below then his/her account will be opened with parents/guardians as Authorized Signatory.
Static GK Federal Bank –
Headquarters – Aluva
CEO – Shyam Srinivasan
Founder – K.P Hormis
Founded – 23 April 1931