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Federal BankSavings account

Federal Bank Yuvamitra Student Savings Account

Federal Bank's no-minimum-balance student account for ages 18-25, with digital banking, a Mastercard Crown Debit Card and automatic scheme conversion at age 25.

First-party evidencePublished researchReviewed September 9, 2026Active
Open primary bank source ↗Bank dossierCompare alternatives
Balance / relationshipNo minimum balance under Yuvamitra while the customer remains eligible; at age 25 the account converts to a current Pride/Delite/Club scheme and the new scheme's balance/service-charge rules apply.
Cost / chargesNo minimum balance required under the current Yuvamitra page; the linked Mastercard Crown Debit Card has its own current debit-card fee schedule.
Limits / allowancesAccount transaction limits follow current Federal digital/channel rules; the linked Mastercard Crown card has separately published card limits and fee treatment.
Ongoing relationship ruleFederal explicitly names Mastercard Crown Debit Card as a Yuvamitra feature.
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.

3 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 under Yuvamitra while the customer remains eligible; at age 25 the account converts to a current Pride/Delite/Club scheme and the new scheme's balance/service-charge rules apply.
02 · Cost / chargesNo minimum balance required under the current Yuvamitra page; the linked Mastercard Crown Debit Card has its own current debit-card fee schedule.
03 · Limits / allowancesAccount transaction limits follow current Federal digital/channel rules; the linked Mastercard Crown card has separately published card limits and fee treatment.
04 · Ongoing relationship ruleFederal explicitly names Mastercard Crown Debit Card as a Yuvamitra feature.
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 required under the current Yuvamitra page; the linked Mastercard Crown Debit Card has its own current debit-card fee schedule.
Balance / relationshipNo minimum balance under Yuvamitra while the customer remains eligible; at age 25 the account converts to a current Pride/Delite/Club scheme and the new scheme's balance/service-charge rules apply.
Core benefitsFree internet/mobile banking, alerts, 20 cheque leaves per half-year and Mastercard Crown Debit Card under the current student proposition.
Limits / allowancesAccount transaction limits follow current Federal digital/channel rules; the linked Mastercard Crown card has separately published card limits and fee treatment.
EligibilityAge 18-25 and student beyond matriculation level, including professional degree/diploma holders, with the current student documentation specified by Federal Bank.
Ongoing relationship ruleFederal explicitly names Mastercard Crown Debit Card as a Yuvamitra feature.
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

Students beyond matriculation, including eligible professional degree/diploma students, who want a student-specific zero-minimum-balance account and understand the age-25 conversion economics.

Verify before relying
  • This is an adult student account, not a minor/guardian account.
  • At age 25 the scheme changes automatically and new balance/service-charge requirements can apply.
  • The Crown card has a separate annual-maintenance/waiver schedule that should be included in total cost.
Verified product relationships

Links the bank explicitly documents.

This section is narrower than the same-bank map below. Every relationship shown here has its own first-party evidence; products merely sharing a bank are not treated as linked.

Includes named Mastercard Crown card

Federal Bank Mastercard Crown Debit Card

Federal Bank explicitly lists Mastercard Crown Debit Card as a Yuvamitra student-account feature.

Yuvamitra has no minimum balance while the customer remains eligible, but the Crown card has a separate current fee/waiver schedule and the account converts to another scheme at age 25.Verify relationship at bank ↗
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 ↗
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.