Federal Bank Mahilamitra Savings Bank Account

The Federal Bank Mahilamitra is a savings bank account, specially designed for women, offering a debit card, free internet and mobile banking, high transaction limits, NEFT/RTGS transfers, and free alerts. It also provides attractive discounts on retail loans and other convenient features for seamless banking.

Updated On - 05 Sep 2025
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Overview of Federal Bank Mahilamitra Savings Bank Account

With a vision to empower the women of our country, Federal Bank has introduced a savings bank account designed specially to address the financial needs of women.

The Federal Bank Mahilamitra is a savings bank account, specially designed for women, which comes loaded with a host of beneficial and exciting features like a Federal Bank Debit Card for easy access to cash and convenience of shopping, free internet banking, and mobile banking for carrying out transactions anytime you may need, high transactions limit not only for cash withdrawals but also for shopping transactions, the convenience of making quick and easy fund transfers electronically via NEFT or RTGS, attractive discounts on retail loan products, free email and mobile alerts to keep track of account activity and numerous other similar features.

Bank

Federal Bank

Category

Mahilamitra SB Account

Minimum Balance Requirement

A minimum Average Monthly Balance of Rs 5,000 must be maintained in this account

Interest

Interest at the rate of 4% will be provided on this account which is calculated on a daily basis

ATM/Debit Card

Visa International Gold Debit Card

Features of Mahilamitra SB Account:

Monthly Account Statement

Customers can obtain one monthly account statement from the branch in case they have not opted for a passbook

Cheque book facility

Customers will be provided with 40 cheque leaves, per half year, free of charge

Daily Cash Withdrawal Limit

With this account, customers will be allowed a daily ATM cash withdrawal limit of Rs.1 lakh

Daily POS Transaction Limit

Customers will be permitted to carry out POS transactions on a daily basis, upto a limit of Rs.1 lakh

Email Alerts

Customers will be sent timely email alerts for all transactions which are done under their account

Passbook Facility

Available

Mobile banking Facility

Mobile banking facility is available free of charge for anytime access to a range of banking facilities on-the-go along with mobile alerts

Internet Banking Facility

Internet banking facility is available free of charge for ease of carrying out transactions digitally

Demand Draft Facility

Account holders can avail a monthly demand draft facility of up to Rs.50,000

Temporary Overdraft Facility Via ATMs

Customers will be provided temporary Overdraft facility via ATMs for up to Rs.25,000

Collection of Outstation Cheques

This facility is available. Customers will be provided a concession of 50% on service charges for collection of outstation cheques

Loan Products

Account holders will be allowed a 50% concession on processing fee / Administration Fee for all loan products

Electronic Fund Transfer

Customers can conveniently transfer funds online with the help of NEFT or RTGS facility

Additional Advantage

Account holders can open two Young Champ Accounts in the name of minor children. These account will not have any average Quarterly Balance requirements

The following documents are required to open an account:

  1. Passport (either identity proof or address proof)
  2. Driving license (either identity proof or address proof)
  3. Voter's identity card (either identity proof or address proof)
  4. Aadhaar card (either identity proof or address proof)
  5. Job card by NREGA duly signed by a State Government officer (either as identity proof or address proof)
  6. Permanent Account Number (only as identity proof)
  7. Two copies of recently taken passport size photographs

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

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