Federal Bank Fed Trade Plus Current Account

1. The Fed Trade Plus Current Account requires the account holder to maintain a minimum monthly average balance of Rs.1 lakh. Account holders are charged a fine of Rs.150 per month for non-maintenance of the average monthly balance.
2. The bank issues account holders with 50 free cheque leaves every month.
3. The bank provides account holders with 15 free Demand Drafts every day.
4. The bank's email alerts and SMS alerts are provided free of charge to the Fed Trade account holders.
5. Account holders receive monthly account statements from the bank free of charge.
6. The bank provides Fed Trade Plus Current Account holders with a 75% concession on the service charges for outstation cheques collected.
7. Additionally, account holders also receive a 50% discount on the processing fees for all of the bank's Retail loan products.
8. Account holders receive a Visa Fast Biz Platinum debit card with a cash withdrawal limit of Rs.2 lakh.

Eligibility Criteria

The following individuals are eligible to open Fed Trade Plus Current Account with Federal Bank:

1. Firms
2. Joint Stock companies
3. Individuals
4. Sole proprietors

Federal Bank is widely recognised for the quality of services that it offers its customers. In addition to the features mentioned above, the Fed Trade Plus Current Account also provides account holders with the facility of making bulk transfers through the bank's NEFT and RTGS services free of charge. The account has been developed keeping in mind the specific needs of the customer's business requirements while providing its efficient, flexible banking solutions.

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