Federal Bank Fed Sahakari Current Account

Features and benefits

1. One of the key features of the Fed Sahakari Current Account is that the account holder is not required to maintain a minimum average monthly balance in their account.
2. Account holders receive free unlimited cheque leaves from the bank.
3. Account holders can avail the bank's internet banking facilities free of charge.
4. The bank provides account holders with free unlimited demand drafts.
5. Fed Sahakari Current Account holders have the added benefit of free unlimited outstation cheque collection.
6. The bank provides its internet banking, mobile banking, mobile alerts, and email alerts free of charge.

Eligibility Criteria

To be eligible to open a Fed Sahakari Current Account with Federal Bank, account holders should fall under one of the following categories:

1. Cooperative credit societies
2. State cooperative banks
3. Scheduled cooperative banks
4. Service cooperative banks
5. Non-scheduled cooperative banks
6. Primary cooperative banks
7. District cooperative banks
8. Urban cooperative banks

Federal Bank's Fed Sahakari Current Account has been created specifically for banks and cooperative societies. The features and benefits associated with the account have been planned keeping in mind the financial requirements of the account holder.

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.