The Fed Flexi Smart Saver Recurring Deposit (RD) from Federal Bank is a unique and flexible savings option designed especially for Non-Resident Indians (NRIs). One of its key advantages is the flexibility it offers in monthly contributions—you can remit the installment on any day within the month rather than being tied to a fixed due date.
Fed Flexi Smart SaverRD is a type of recurring deposit scheme that has been designed for the NRI customers of the bank. This scheme is a variable scheme, which means that customers can deposit varying instalments every month. It does not even have a fixed due date for making instalment payments.
Eligibility Criteria:
Fed Flexi Smart SaverRD account can be opened by NRIs only.
To apply for Fed Flexi Smart Saver RD account, you can leave your contact details on the website of Federal Bank and the representatives will get in touch with you. You can also contact the overseas representative office of the bank.
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