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.
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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