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Indian Economy - Understanding the basics of Indian economic system

07-Feb-21

Federal Bank launches ‘FedFirst’ savings account scheme for children

Federal Bank has launched a special savings account scheme for children below the age of 18 years, called FedFirst.
Purpose: to enable children learn the importance of money management.
The account will develop among children a healthy saving and spending habits, and give them the freedom to save, spend and earn.
The account comes with FedFirst contactless Debit Card with a daily cash withdrawal limit of Rs. 2,500.
POS/e-com limit of Rs. 10,000.
Free online facilities including access to internet banking, mobile alerts and e-mail alerts.

By: Rohit Middha

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