Federal Bank launches ‘FedFirst’ financial savings account scheme for kids

Federal Bank has introduced the launch of “FedFirst”, a particular financial savings account scheme for kids beneath 18 years of age. The account helps kids develop wholesome saving and spending habits, thereby giving them the liberty to avoid wasting, spend and earn.

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About the account:

  • The account is designed to allow kids to be taught the significance of cash administration. The account comes with distinctive options and presents.
  • The account holder is supplied with a FedFirst contactless Debit Card with a every day money withdrawal restrict of ₹2,500 and POS/e-com restrict of ₹10,000, along with free on-line amenities together with entry to web banking, cell alerts and e-mail alerts.

Important takeaways for all aggressive exams:

  • Federal Bank MD & CEO: Shyam Srinivasan.
  • Federal Bank HQ: Aluva, Kerala.

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