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Federal BankSavings account

Federal Bank Basic Savings Bank Deposit Account

Federal Bank's statutory zero-balance BSBDA with a free RuPay debit card, cheque-book access and a defined four-free-withdrawal monthly basic-service allowance.

First-party evidencePublished researchReviewed September 9, 2026Active
Open primary bank source ↗Bank dossierCompare alternatives
Balance / relationshipNo minimum balance requirement.
Cost / chargesNo minimum balance; reviewed Federal Bank page describes the ATM/debit card, statement and basic account services as free within current BSBDA rules.
Limits / allowances4 withdrawals free per month across counted modes under the reviewed product page; subsequent activity can attract charges according to transaction type.
Ongoing relationship ruleStatutory BSBDA with a bank-issued RuPay debit card; the reviewed source does not identify one specific premium RuPay card variant.
Research processPublished by bankingreference.info

Structured from first-party bank/issuer evidence. This page does not claim personal hands-on product use unless that experience is explicitly stated.

2 first-party sources
Last checkedSeptember 9, 2026

Recorded source review date, not a claim that the product changed that day.

Maintenance stateWithin scheduled review window

Target recheck: January 7, 2027.

Critical decision facts

Start with the ongoing account relationship, then price the access layer.

Balance or salary conditions, charges, allowances and downgrade rules can matter more than a promotional benefit.

01 · Balance / relationshipNo minimum balance requirement.
02 · Cost / chargesNo minimum balance; reviewed Federal Bank page describes the ATM/debit card, statement and basic account services as free within current BSBDA rules.
03 · Limits / allowances4 withdrawals free per month across counted modes under the reviewed product page; subsequent activity can attract charges according to transaction type.
04 · Ongoing relationship ruleStatutory BSBDA with a bank-issued RuPay debit card; the reviewed source does not identify one specific premium RuPay card variant.
Maintained terms

Fees, balances, benefits, limits and eligibility without a single-score shortcut.

These six fields are the cross-product layer. The specialist section above controls whenever a type-specific field is more precise.

Cost / chargesNo minimum balance; reviewed Federal Bank page describes the ATM/debit card, statement and basic account services as free within current BSBDA rules.
Balance / relationshipNo minimum balance requirement.
Core benefitsFree RuPay debit card, monthly statement, cheque book, FedNet internet banking, mobile banking and free electronic receipt/deposit services under current terms.
Limits / allowances4 withdrawals free per month across counted modes under the reviewed product page; subsequent activity can attract charges according to transaction type.
EligibilityKYC-compliant eligible customers under the bank's current BSBDA process; the bank states BSBDA ownership restricts other savings relationships as described on the product page.
Ongoing relationship ruleStatutory BSBDA with a bank-issued RuPay debit card; the reviewed source does not identify one specific premium RuPay card variant.
Fit & cautions

Who this record appears designed for—and what can break the fit.

Best-fit wording summarizes the published proposition. It is not individualized financial advice or an approval prediction.

Potential fit

Customers who need a basic Federal Bank account with no minimum balance and can operate within the BSBDA withdrawal/account-ownership framework.

Verify before relying
  • More than four counted withdrawals can become chargeable.
  • The statutory account-ownership restrictions differ from ordinary zero-balance marketing accounts.
  • Card and optional-service charges should be checked in the latest schedule.
Maintained comparisons

Compare this product only where the pair is deliberately maintained.

Both sides keep independent review dates, exact conditions and first-party evidence. No winner score is generated.

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First-party source ledger

Complete evidence set for this maintained profile.

Each source remains independent. A product page, tariff, KFS/MITC, rate schedule or programme document is not silently treated as interchangeable evidence.

01
Primary product / service sourcewww.federal.bank.in
Open source ↗02
Additional first-party evidencewww.federal.bank.in
Open source ↗
Current-use rule

When the bank changes a term after the recorded review, the current agreement, tariff, KFS/MITC or effective rate table controls.

Research boundary

This page organizes dated public evidence; it does not guarantee eligibility, availability, approval, service quality or future pricing.