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  • Fed Flexi Smart SaverRD

    FEDERAL BANK RECURRING DEPOSIT
     5.0 / 5.0   by 5 users
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    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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.

    Features of Fed Flexi Smart SaverRD

    • The Fed Flexi Smart SaverRD scheme is flexible and does not have a fixed due date for monthly instalments. Depositors can choose to pay their instalments on any date of the month.
    • People can choose the core amount (initial deposit). The monthly instalments can vary and can be a maximum of 10 times of the initial deposit. The deposit has to be in multiples of Re.1.
    • This scheme does not charge penalty for pre-closure of the account.
    • The minimum deposit tenure for this scheme is 12 months and the maximum deposit tenure is 60 months. If the account is closed before 12 months are over, the depositor will not earn any interest. If depositors are unable to remit any amount for 3 months, then the account will be deactivated.
    • Depositors can avail a loan against this account. They can take a loan of up to 90% of the deposited amount.
    • This scheme is 100% free of tax.
    • The scheme has a passbook facility.
    • Depositors can track this account using their Fed Net-Internet banking service.
    • Depositors can transfer funds to their Fed Flexi Smart SaverRD account using FedNet.

    How to Apply for Fed Flexi Smart SaverRD:

    To apply for Fed Flexi Smart SaverRD 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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    Fed Flexi Smart SaverRD Reviews

  • Page 1 of 1
    • Federal Bank Recurring Deposit
      "Good for investment purposes"
      FEDERAL BANK
      0.5 5.0/5 "Blown Away!"
      I have a Recurring Deposit with Federal Bank. Since my salary account was with them, the customer service and responsiveness is very good. They offer preferential rates for women. Their online banking is user friendly. The tenure is for 10 years and I pay around Rs.5000 monthly.
      Was this review helpful? 5
      , new delhi
      Reviewed on Mar 28, 2016
    • Federal Bank Recurring Deposit
      "Highly Recommendable"
      FEDERAL BANK
      0.5 5.0/5 "Blown Away!"
      I took the recurring deposit by visiting the federal bank directly. The response was good for the application . I took the plan for 10 year we can withdraw the money any time without any charges. There is no activation fee. The minim amount to activate the deposit is Rs.500.
      Was this review helpful? 2
      , bangalore
      Reviewed on Feb 11, 2016
    • Federal Bank Recurring Deposit
      "Best"
      FEDERAL BANK
      0.5 5.0/5 "Blown Away!"
      I am having the recurring deposit with federal bank of india.The rate of interest as 6%.The minimum locking period is one year.The services are really made me happy.The customer service and the responsiveness are really best.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Jun 27, 2015
    • Federal Bank Recurring Deposit
      "Good "
      FEDERAL BANK
      0.5 4.0/5 "Great!"
      Federal bank Recurring Deposit is good. Manager is my friend because of which I have opened this deposit. I do have on-line access for this account. This account was opened at the Branch and all submitted was 2 photos, id and address proof. They took hardly 2 days of time to open this account.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Feb 13, 2015
    • Federal Bank Recurring Deposit
      "MILLIONAIR IN JUST 10 YEAR"
      FEDERAL BANK
      0.5 5.0/5 "Blown Away!"
      THIS SCHEME IS OUTSTANDING THEY HAVE LAUNCHED MILLIONAIR IN JUST 10 YEAR 5250 FOR 10 YEARS AND YOU WILL GET 1 MILLION RS WOW THIS IS PROMISED SCHEME AND I SHOULD SAY ALL SHOULD HAVE TAKE THIS BENEFIT OF RD THIS RD WILL GIVE YOU MUCH AMOUNT OF RS IN JUST SHORT TIME
      Was this review helpful? 1
      , rajkot
      Reviewed on Dec 02, 2014
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