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Federal Bank starts FedFirst savings account scheme

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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

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