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, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Leave a Comment
Share
Published by
Sumit Arora
5 years ago

Recent Posts

FIFA World Cup 2026: Complete Guide to Prize Money, Team Payouts

The FIFA World Cup 2026 is set to become the biggest and most financially rewarding…

41 minutes ago

Oilseeds Kisaan Mitra: India’s First WhatsApp AI Advisory for Oilseed Cultivation

The Indian Council of Agricultural Research (ICAR) has launched the 'Oilseeds Kisaan Mitra' which is…

2 hours ago

Shooting Legend Jaspal Rana Passes Away at 49, Indian Sports Mourns

Jaspal Rana who was country's one of the greatest shooters and most respected coaches, he…

2 hours ago

PIB Current Affairs Capsule PDF (11 June 2026)

1. Oilseeds Kisaan Mitra – India’s First WhatsApp AI Advisory Overview ICAR introduced Oilseeds Kisaan…

2 hours ago

Who Is Gitika Talukdar? Assam’s Trailblazing FIFA World Cup Photojournalist

As India may not be a regular participant at the FIFA World Cup Competition but…

2 hours ago

World Day Against Child Labour 2026: Theme, History, Global Data and India’s Efforts

The World Day Against Child Labour is observed worldwide every year on 12th of June…

3 hours ago