MoneyWorks4Me

Federal Bank introduces premium savings account for high-end salary earners

12 Dec 2013 Evaluate

Private sector lender Federal Bank has introduced a premium savings account with overdraft facility for high-end salary earners. The new savings account -- Fedclassic Premium -- offers overdraft facility for up to a maximum of Rs 1 lakh at base rate plus two per cent which is lower than the credit card interest rates. Account holders with monthly salary of up to Rs 1 lakh will be provided with free Visa gold card and those drawing Rs 1 lakh and above will get free Visa platinum card ensuring higher withdrawal limits.

Recently, the bank launched tailor made resident savings bank scheme for individual professionals, entrepreneurs and businessmen who are members of industry associations.

 

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Company Name CMP
HDFC Bank 692.60
ICICI Bank 1354.00
Axis Bank 1247.00
Kotak Mahindra Bank 438.70
Indusind Bank 865.40
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