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FedFirst – Children Saving Account

Published on February 04, 2021
Current Context: The Federal Bank launched the Saving Account for Children named as ‘FedFirst’.
FedFirst – Children Saving Account
  • It is launched for the children of up to age 18 years.
  • The account is applicable for both resident and NRIs.
  • The FedFirst Saving Account will help children to know the money management process and the importance of money.
  • The bank also offers a contactless debit card to the account holders of FedFirst account.
  • The account is made available with the feature of withdrawing daily cash of up to Rs 2500 from ATMs.
  • The daily shopping limit of PoS or E-commerce is Rs 10,000.
  • It offers reward points and seasonal cashback on debit card usage.
  • The FedFirst Saving Account also provides free online facilities like access to internet banking, mobile SMS alerts and email alerts.
  • Static Part: 
    • HQ of Federal Bank: Aluva, Kerala
    • Tagline of Federal Bank: Your perfect banking partner


Q.1 What is the name of Saving Account launched by Federal Bank to the children of upto age 18 years?
a. ‘FederalChild’
b. ‘FedFirst’
c. ‘SmallFed’
d. ‘MiniFederal’

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