Old private sector lender Federal Bank will offer special savings account schemes on remittances for its domestic customers.
Celebrating savings carnival, the bank will offer gifts to customers who make a single remittance of Rs 1 lakh or more in their savings account and retain it for 45 days. The scheme is also applicable across all branches, the bank said in a statement.
This special offer is open for existing and new resident customers till December 31, 2013.
The Kerala-based bank also came up with a special scheme on for professionals like doctors, engineers, CAs, entrepreneurs with a host of value added benefits like free fund-transfers, free net-banking/mobile banking, free Drafts, free anywhere withdrawals, free collection of cheques etc.
Under this scheme, the bank has waived off the requirement of maintaining minimum balance in saving account named FedExcel.
A Surendran, Head-Retail business and International Banking division at Federal Bank said, the bank intends to give greater thrust to savings business with a special focus on professionals and entrepreneurs.