Urban Money

Federal Bank

Federal Bank
4.5

Federal Bank is a leading Indian commercial banking institution in the private sector with more than 1,800 ATMs and 1,250 branches in the country. The bank is one of the pioneers in deploying technology across its operations and was one of the first Indian banks to fully digitize its branches.

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Loans offered by Federal Bank

  • Home Loan
Loan Amount:₹10L - ₹1.5Cr
Interest Rate:7.65% - 7.8%
Processing Fee:Up to 0.5%
Tenure:30 Years
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  • Personal Loan
Loan Amount:₹1L - ₹2.5Cr
Interest Rate:10.49% - 17.99%
Processing Fee:Up to 3%
Tenure:4 Years
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  • Loan Against Property
Loan Amount:₹50L - ₹3Cr
Interest Rate:Up to 10.1%
Processing Fee:Up to 0.5%
Tenure:10 Years
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  • Business Loan
Loan Amount:₹1L - ₹2Cr
Interest Rate:8.9% - 14%
Processing Fee:Up to 3%
Tenure:10 Years
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ProductsInterest RateProcessing FeeLoan Amount/Tenure
Home Loan

7.65% - 7.8%

Up to 0.5%

₹10L - ₹1.5Cr

Tenure(1 - 30 Years)

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Personal Loan

10.49% - 17.99%

Up to 3%

₹1L - ₹2.5Cr

Tenure(1 - 4 Years)

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Loan Against Property

Up to 10.1%

Up to 0.5%

₹50L - ₹3Cr

Tenure(1 - 10 Years)

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Business Loan

8.9% - 14%

Up to 3%

₹1L - ₹2Cr

Tenure(1 - 10 Years)

Know More

Federal Bank Overview

Federal Bank is a leading Indian commercial banking institution in the private sector with more than 1,800 ATMs and 1,250 branches in the country. The bank is one of the pioneers in deploying technology across its operations and was one of the first Indian banks to fully digitize its branches. 

  • Federal Bank offers customers various services like mobile and internet banking along with online bill payments, fee collections, merchant banking services, mutual fund products, insurance, transaction banking solutions, depository services and more. 
  • Federal Bank was officially founded on the 23rd of April, 1931, with the name of Travancore Federal Bank Limited, Nedumpuram as per the 1916 Travancore Companies Regulation. Late K.P. Hormis, the visionary behind the institution, took up its mantle in 1945 and expanded it throughout the country. 
  • The name changed to Federal Bank on 2nd December, 1949 and it was licensed on 11th July, 1959, becoming an SCB (scheduled commercial bank).
  • The bank has a presence in more than 24 Indian States, 4 Union Territories and the NCT of Delhi, while being listed on the NSE, BSE, and even the London Stock Exchange. 
  • The vision driving the institution is to be the most admired bank which is technologically enabled. 
  • It has a mission of devoting maximum attention towards the expectations and interests of its customers and stakeholders while serving customer needs swiftly, deploying physical and digital infrastructure and ensuring adherence to its philosophy of Digital at the fore, human at the core
  • The institution has 1,291 outlets for banking along with 12713226 customers till date.

Services Offered by Federal Bank

Priority Banking Services Health Insurance
Sovereign Gold Bonds Internet and Mobile Banking
Wealth Management Internet Banking for Corporates
e-Trade Tele Banking
National Pension System (NPS) Concierge Services
Payments FASTag
Fund Transfer NRI Remittances to India
NEFT/RTGS/IMPS Fed e-remit
Utility Bill Payments Fed e-blitz
Online Shopping Fed e-point
Religious Offerings Online or Donations via Mobile
Savings Account Contactless Cards
Salary Account Gift Cards
RFC Account Forex Cards
Deposits EMI on Debit Card
Demat Account Co-brand Prepaid Cards
Personal Loans Insurance
Education and Career Loans EEFC Accounts
Housing Loans Gilt Accounts
Car Loans Cash Certificates
Loan Against SGB Recurring Deposits
Other Loans Treasury Products
Debit Cards Agri and SME Loans
Credit Cards Trade Finance
NRI Banking - NRE Savings Account, NRO Savings Account or Current Account, Seafarer, NRI Deposits, Gold Loan, Car Loan, Property Loan, Housing Loan, Other Loans, Wealth Management, Insurance, Fed Oriental Pravasi Insurance Portfolio, Credit, Forex and Debit Cards Corporate Finance - Term Loans, Working Capital Loans, Project Finance, Bank Guarantee for Corporates, Letter of Credit and more

Federal Bank Corporate Office and Contact Details

  • Registered Office Address- Federal Towers, Aluva- 683101, Kerala
  • Contact Number- 1800 420 1199

FAQs

From refinancing to reducing your interest, we have the answers right here.

Is the Federal Bank a government bank?

Federal Bank is one of the leading privately held banks involved in the commercial sector in India.

Who is the owner of Federal Bank?

Mr. Shyam Srinivasan is the Managing Director and CEO of Federal Bank.

Can I open a Federal Bank account online?

Yes, you can open a bank account with Federal Bank by submitting an online application and completing the KYC process.

Can I get a loan from the Federal Bank?

Yes, the Federal Bank provides loan options sanctioned against your deposits with the bank. An applicant can avail of a loan of up to 90% of the deposit amount.

What is the minimum balance in the Federal Bank?

The minimum balance to be maintained in most Federal Bank accounts is Rs. 5000. The minimum balance required for a Pride Savings Account is Rs. 2000.

Does the Federal Bank have a zero balance savings account?

Yes, Federal Bank offers a Basic Savings Bank Deposit Account is essentially a zero balance savings account. This offering comes with a free ATM card, cheque book and monthly statement.

How do I complain to the Federal Bank?

You can get a complaint registered via calling on their toll-free number 1800-420-1199 or mailing them at [email protected].

Where is the head office of Federal Bank?

The Federal Bank headquarters is located in Kochi, Kerala.

How can I know my IFSC code of Federal Bank?

You can always find your Federal Bank IFSC code on the bank’s passbook and chequebook. Alternatively, if you know the branch name and address, you can also find the IFSC code on the bank or RBI website.

What is the SWIFT code in Federal Bank?

The SWIFT code for Federal Bank is FDRLINBBIBD.

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