Federal Bank launches ‘FedFirst’ savings account scheme for children
- Federal Bank has launched a special savings account scheme for children below the age of 18 years, called FedFirst.
- Purpose: to enable children learn the importance of money management.
- The account will develop among children a healthy saving and spending habits, and give them the freedom to save, spend and earn.
Key Features
- The account comes with FedFirst contactless Debit Card with a daily cash withdrawal limit of Rs. 2,500.
- POS/e-com limit of Rs. 10,000.
- Free online facilities including access to internet banking, mobile alerts and e-mail alerts.