How to Open a Saving Account in the Federal Bank? - Legal Gyan

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Wednesday, October 23, 2019

How to Open a Saving Account in the Federal Bank?

How to Open a Saving Account in the Federal Bank?

Hey friends, if you don't have an account and you wanted to open an account in Private Bank named Federal Bank then you are visited in the right place. If you concern about your facility in the bank and you are looking for the detail of this bank so mention not, we are here to give you detail. We will talk about how to open the Saving Bank account in the Federal Bank, steps to open a bank account and the most important thing detail of the Bank. Let's start with the detail of the bank.

How to Open a Saving Account in the Federal Bank?


It is a private sector commercial bank in India. It provides banking and financial services to the customer. It's headquarters situated in Aluva, Kochi, it also has representative offices abroad at any Dhabi and Dubai. The bank has a network of more than 110 banks/Exchange Companies across the world.

What are the eligibility criteria to Open Saving bank account in the HDFC Bank?

    the applicant should be a citizen of their own country.
    The applicants should be 18-year and above to become eligible to open a bank account in the Federal Bank. Except in the minor account opening in the minor account, the parent can open an account on the behalf of the applicant by providing KYC documents of their own.
    The applicant will be required to submit KYC documents providing their identity and address proof along with the account opening form.
    After the completion of the form process applicant should deposit an initial amount in the account.

Document requirement in the opening account is as follows:
    Proof of identity - Aadhaar card, PAN Card, Driving license, Passport, Voter's ID card.
    Proof of Address - the Electricity bill, DL, Aadhaar card, passport visa, Ration Card,
Bank statement or passbook (not more than 3 months), Voter's ID card, Rent Agreement. • PAN Card.
    Form 16(if the PAN card is not available).
    Two latest passport size photographs for the form that you are going to fill.

What are the steps to Open Saving Account in the HDFC Bank?


    Visit any branch of the bank along with KYC documents if you are going to open the account offline. 
    Ask for the form to the executive to open a savings account in Federal Bank.
    Fill the form carefully according to the KYC document and all the detail should be filled to avoid rejection.

(Note: all the information should be filled according to KYC documents otherwise firm will be rejected)

    Submit the form along with KYC documents that are required in both cases online and offline.
    after the submission executive verifies details with your KYC document.
    After the completion of this process, the executive will provide you all the documents related to the bank in like passbook, checkbook, etc.

If all the processes are completed by your and bank executive side and you have received the required documents from the bank, congratulation you became the member of this bank to enjoy the facility and do the transaction. 

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