Federal Bank has launched Esteem Savings Account, setting a new standard in personalised banking experiences. This premium banking solution reflects Federal Bank’s commitment to providing tailored financial services for customers aged 55 and above, addressing their diverse needs.
Key highlights of the Esteem Savings Account include:
1. Complimentary Insurance Cover: Insurance cover includes free yearly health check-up, Hospital Cash facility and Doctor on call facility.
2. Airport Lounge Access: Esteem customers will be eligible for two complimentary airport lounge access per quarter.
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3. Exclusive Debit Card Offers: Exclusive discounts on health, utilities, elder care services etc.
4. Special Family Benefits: Esteem Account holders will get one complimentary Zero balance account for their spouse & 2 Zero balance kids account for their grand kids.
5. ZERO charges on commonly used 10 banking services: Debit Card Issuance, Debit Card AMC, Email Alerts, SMS Alerts, NEFT, RTGS, DD, Duplicate Passbook, Duplicate Statements and Balance & interest certificates.
6. Locker Rent & Demat AMC concessions: 25% discount on locker rent & AMC waived for 1st year of demat account opening.
Also read: Indian Bank extends deadline for special FDs; lock in up to 8.05% interest rates
Commenting on the launch, Shalini Warrier, Executive Director at Federal Bank, expressed enthusiasm about the Esteem Savings Account, stating, “Today’s individuals aged 55 years and above have access to abundant opportunities and possibilities. We are delighted to launch the Esteem Savings Account, a bespoke solution that caters for the needs of such individuals.”
“This innovative account offers a comprehensive suite of services and benefits, focusing on comfort, health, and financial well-being. At Federal Bank, we are committed to empowering customers to achieve their financial goals. The Esteem Savings Account represents a significant step forward in our mission to set a new standard in customer-centric banking.”
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