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Federal BankSavings account

Federal Bank FedSelfie Zero Balance Savings Account

A commercial zero-balance digital Federal Bank savings account opened through Federal 24x7, with Mastercard Crown debit-card access and free core digital banking.

First-party evidencePublished researchReviewed September 9, 2026Active
Open primary bank source ↗Bank dossierCompare alternatives
Balance / relationshipNo average monthly balance requirement; cheque-book issuance requires ₹5,000 AMB in the preceding month under current terms.
Cost / chargesAMB NIL on the reviewed FedSelfie page; core internet/mobile banking, email statements/alerts and digital RTGS/NEFT are presented as free.
Limits / allowancesTransaction/card limits depend on the issued Crown card and Federal Bank digital-channel controls; cheque-book access has a separate preceding-month balance condition.
Ongoing relationship ruleCommercial zero-balance digital savings account; unlike BSBDA it is not presented as the statutory basic-account product.
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.

4 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 average monthly balance requirement; cheque-book issuance requires ₹5,000 AMB in the preceding month under current terms.
02 · Cost / chargesAMB NIL on the reviewed FedSelfie page; core internet/mobile banking, email statements/alerts and digital RTGS/NEFT are presented as free.
03 · Limits / allowancesTransaction/card limits depend on the issued Crown card and Federal Bank digital-channel controls; cheque-book access has a separate preceding-month balance condition.
04 · Ongoing relationship ruleCommercial zero-balance digital savings account; unlike BSBDA it is not presented as the statutory basic-account product.
Exact product-type evidence

Savings account evidence stays in its own structure.

Specialist fields below remain source-scoped. Missing values stay missing; one banking product type is never used to manufacture facts for another.

Digital opening journey

What has to happen before this account is fully usable.

Digital availability is verified separately from the account’s normal balance and fee rules. Reviewed September 10, 2026.

Opening channelFedMobile/FedSelfie digital onboarding; Federal247 is the bank’s broader Video-KYC account-opening platform.
KYC / Video KYCAadhaar/PAN digital opening with KYC completion; Federal’s current deposit policy separately documents V-CIP/Video-KYC activation for digital accounts.
Documents / authenticationAadhaar and PAN for the reviewed digital route.
Initial fundingNo average monthly balance requirement for FedSelfie; optional services such as cheque-book access can have their own balance conditions.
Customer restrictionReviewed FedSelfie terms restrict the online scheme for existing Federal Bank customers and set resident-individual age conditions.
Location / device ruleFederal247 describes paperless opening from within India; Video-KYC/V-CIP regulatory location controls apply.
Fallback routeNormal branch KYC remains available; Federal’s policy also describes minimum-KYC accounts that can later complete Video KYC or branch KYC.
If KYC / opening is incompleteFederal’s March 2026 deposit policy says minimum-KYC digitally opened accounts can operate only within regulatory limits and should complete normal KYC within one year; otherwise closure can follow under the applicable digital route.
Verify digital opening source ↗
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 / chargesAMB NIL on the reviewed FedSelfie page; core internet/mobile banking, email statements/alerts and digital RTGS/NEFT are presented as free.
Balance / relationshipNo average monthly balance requirement; cheque-book issuance requires ₹5,000 AMB in the preceding month under current terms.
Core benefitsInstant digital account opening, Mastercard Crown debit card, FedNet/mobile banking, free email statements/alerts and free digitally originated RTGS/NEFT.
Limits / allowancesTransaction/card limits depend on the issued Crown card and Federal Bank digital-channel controls; cheque-book access has a separate preceding-month balance condition.
EligibilityResident individuals above 18 and below 70 under the reviewed page; the online scheme is restricted for existing Federal Bank customers.
Ongoing relationship ruleCommercial zero-balance digital savings account; unlike BSBDA it is not presented as the statutory basic-account product.
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

New-to-bank digitally comfortable customers who want no AMB pressure but do not need a free cheque book without maintaining the stated qualifying balance.

Verify before relying
  • Zero balance does not make every optional service free; cheque-book access has its own AMB condition.
  • Online opening is restricted for existing Federal Bank customers under the reviewed scheme.
  • Card-specific fees/limits should be verified separately.
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 ↗03
Additional first-party evidencewww.federal.bank.in
Open source ↗04
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.