Categories: Banking

Federal Bank launches ‘FedFirst’ savings account scheme for children

Federal Bank has announced the launch of “FedFirst”, a special savings account scheme for children below 18 years of age. The account helps children develop healthy saving and spending habits, thereby giving them the freedom to save, spend and earn.

WARRIOR 5.0 Batch for SBI, RRB, RBI and IBPS Exams Banking Awareness Online Coaching | Bilingual

About the account:

  • The account is designed to enable children to learn the importance of money management. The account comes with unique features and offers.
  • The account holder is provided with a FedFirst contactless Debit Card with a daily cash withdrawal limit of ₹2,500 and POS/e-com limit of ₹10,000, in addition to free online facilities including access to internet banking, mobile alerts and e-mail alerts.

Important takeaways for all competitive exams:

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

Find More Banking News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

Recent Posts

Celebrating Good Governance Day- Honouring Atal Bihari Vajpayee’s Legacy

Good Governance Day, also known as Sushashan Diwas, is observed annually on December 25 in…

6 hours ago

President Appoints New Governors For Five States

In a significant move aimed at reorganizing governance and addressing political and administrative challenges, President…

9 hours ago

December 25th Current Affairs Challenge

Exams such as SSC, Banking, Railways, and state-level tests offer paths to prestigious positions in…

15 hours ago

What is the Old Name of Mysore?

Mysore, a city in the southern state of Karnataka, India, is famous for its rich…

1 day ago

India Squad For Champions Trophy 2025

The upcoming Champions Trophy 2025 marks the ninth edition of the ICC Champions Trophy, featuring…

1 day ago

ICC Champions Trophy Schedule 2025 Announced- India vs Pakistan

The 2025 ICC Champions Trophy is set to mark the ninth edition of this prestigious…

1 day ago