Federal Bank Charges : Federal Bank, one of the private sector banks, has changed its service charges and fees. These new charges will be applicable from June 1, 2025. These changes include ATM transaction charges, cash transaction charges, penalty for not maintaining average monthly balance (AMB), locker rent and charges related to closing the account.
Cash transaction charge
For savings accounts, customers can avail 5 free cash transactions per month or deposit or withdraw up to Rs 5 lakh in cash, whichever is earlier. After this, a charge of Rs 4 will be levied for every Rs 1,000 or part thereof, with a minimum charge of Rs 100 per transaction.
Penalty for not maintaining Average Monthly Balance (AMB)
Club, Delight, all NRI and resident savings scheme account holders will be required to maintain an AMB of Rs 5,000.
General customers will be charged Rs 75 for a reduction of up to 20% and a maximum of Rs 375 for a reduction of 100%.
This charge on senior citizens will be between Rs 60 and Rs 300.
For all accounts in rural branches, the charges will be slightly lower — general customers will pay Rs 60 – Rs 300, and senior citizens will pay Rs 50 – Rs 250.
ATM transaction charges
Transactions beyond the free limit at other bank ATMs will be charged Rs 23 for financial transactions and Rs 12 for non-financial transactions (like balance enquiry).
- A charge of Rs 25 per transaction will be levied for rejected transactions due to low balance.
- No charges will be levied at Federal Bank ATMs.
- Inward cheque return charges
- 400 rupees per time for rural areas and senior citizens,
- For other customers, a charge of Rs 500 per time has been fixed.
Locker Rent
Rural and Semi-Urban Branches
Small locker: Annual rent of Rs 2,000
Medium: Fare Rs 3,300
Big: Fare Rs 5,500
Urban and Metro branches
Small locker: Rent Rs 2,950 to Rs 5,000
Medium: Rs 3,950 to Rs 6,800
Big: Fares range from Rs 7,400 to Rs 12,800
Account closure charges
100 rupees if closed within 6 months
If closed between 6-12 months: Rs 100 for rural or senior citizen accounts, Rs 300 for other accounts. Also, there will be no charge if the account is closed within 14 days of the first deposit.
