Federal Bank is one of India's major commercial banks. It was incorporated as the Travancore Federal Bank Limited in Kerala in 1931. The name of the bank had been changed to Federal Bank in 1949. Since its establishment, the bank has grown at a noticeable pace and now has branches in almost every state in the country and has been listed in the London Stock Exchange, BSE, and NSE.
The vision of the bank is to become the 'Most Admired Bank' and to do so through digitally enabled services that are focused on Medium, Micro, and Middle market enterprises. One of the ways that the bank has plans to achieve this vision is by offering its customers a wide range of financial products and services.
One of the products that Federal Bank offers its customers is the current account. A current account is a type of bank account that provides account holders with high liquidity. Account holders are given high limits on the number of withdrawals and deposits made to the account in a single day. These accounts are often held by individuals who run businesses.
Federal Bank has a wide range of current accounts that it offers its customers. Each of these accounts varies based on the requirements of the prospective account holder. One of these accounts is the Current Plus Account.
The following are the features and benefits of the Federal Bank Current Plus Account:
To be eligible to open the Current Plus account, applicants should fall under one of the following categories:
The Current Plus Account offered by Federal Bank gives account holders the privilege of keeping their focus entirely on the growth and development of their business without the added stress of banking.
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
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