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Federal Bank Shop 'n Save Debit Card

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Incorporated in the year 1945, the Federal Bank Limited is an Indian commercial bank in the private sector which is headquartered in Aluva, Kerala. The bank was initially known as Travancore Federal Bank before it was renamed as Federal Bank 2 December 1949. The bank currently has 1,687 ATMs across India and 1,252 branches across all states.

The vision that Federal Bank lives by is to eventually become ‘The Most Admired Bank’ which is digitally efficient with strong focus on micro, medium, and middle market enterprises.

Shop 'n Save Debit Card is one of the many debit cards that Federal Bank offers. It is designed to make shopping both convenient and safe. With the Federal Bank Debit Card, you don’t need to worry about counting cash at the register. You can simply swipe your Shop 'n Save Debit Card and be on your way.

Features and Benefits of Shop 'n Save Debit Card - Federal Bank

  • Enjoy daily cash withdrawal limit of Rs.50,000 with this debit card.
  • The Daily Shopping Limit is Rs.50,000 for your convenience.
  • Thus, the total limit of the debit card comes up to Rs.1 lakh.
  • Safety of your money is the priority which is why there is Signature and PIN based authentication at PoS outlets.

Eligibility Criteria for Shop 'n Save Debit Card

Except No-frill a/c holders, all segments of customers are eligible to apply for a Shop ‘n Save Debit Card.

Applying for Shop 'n Save Debit Card

You can visit the Federal Bank official website and go to the Forms & Stationery page. There you will find the application form for Debit card which you will need to download and fill up. Information such as your name, address, contact number etc. will need to be filled out. Once filled, you can submit the application at your branch. After the application has been processed you will receive the Debit Card and PIN number.

Shop 'n Save Debit Card FAQ

  1. Will I be charged an annual fee for this debit card?
  2. You will be charged Rs 25/- per quarter per Debit Card if you are an SB account holders with an AQB below Rs 5000/-. As a Current account holder you will be charged Rs 50/- per quarter per Debit Card if your AQB is below Rs 5000/-.

  3. I already have a Federal Bank ATM card. Is it possible for me to get the Shop 'n Save Debit Card instead?
  4. Yes. You simply have to contact your branch to get this done.

  5. Up to what amount can I use my Shop 'n Save Debit Card every day?
  6. There is a total daily limit of Rs. 50,000/- on your card. Out of this the Daily Shopping Limit is Rs 30,000/-. The Daily Cash Withdrawal Limit is Rs 20,000/-.

  7. Where do I get the application form to apply for the Shop 'n Save Debit Card?
  8. You can find the application form on the Forms & Stationery page of the official Federal Bank website.

  9. Who is eligible to apply for this card?
  10. Except No-frill a/c holders, all segments of customers are eligible to apply for a Shop ‘n Save Debit Card.

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

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