FedBook Selfie Zero Balance Account

Overview of FedBook Selfie Zero Balance Account

In the digital age, when everything can be accessed at the touch of a few buttons, Federal Bank brings a new offering. For the tech savvy generation of the country which relies on smartphones on a daily basis for all their needs, Federal Bank presents the FedBook Selfie Zero Balance Account. Two unique features of this account are that, firstly this account can be easily opened via the FedBook app, and secondly, this is a Zero Balance Account. This implies that customers need not maintain any minimum balance in this account to ensure its continued activation.

Selfie is a savings bank account opening facility which will allow customers to open Federal Bank savings bank account on their own. Customers can submit their documents like Aadhar and PAN Card and a photograph via the highly secure FedBook app which also provides for online validation of KYC documents. Upon completing the steps, customers will be immediately issued a real time account number which will be fully valid. Currently, the facility of the FedBook Selfie Account is offered to resident individuals who use Android or Apple smart phones.

Features of FedBook Selfie Zero Balance Account

Fees & Charges Associated With FedBook Selfie Account

Documents Required To Open FedBook Selfie Zero Balance Account

To open a FedBook Selfie Zero Balance Account, you will be required to download the FedBook app from the Google Playstore. Once the app is downloaded, you must select the branch which is most convenient for you. Further, you must scan your Aadhaar Card, PAN Card, take a photograph of yourself and submit all of these via the app.

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