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Federal Bank launches Stellar Savings Account & MasterCard enabled Stellar Debit Card

Published on February 17, 2024
Current Context: Federal Bank has launched the Stellar Savings Account and the MasterCard enabled Stellar Debit Card.
Federal Bank launches Stellar Savings Account & MasterCard enabled Stellar Debit Card
Here are some key features of these offerings:
  • Stellar Savings Account:
    • Milestone Rewards: Earn Reward Points when you complete milestones and get accelerated reward points when you spend using your Debit Card.
    • Complimentary One Year Wellness Plan: This includes Fitness tracking, psychologist consults, telemedicine, and offline care.
    • Complimentary Insurance Cover: Coverage includes Personal Accident Cover, Disability Cover, and Hospital Cash.
    • Powerpacked Eco Friendly Debit Card: Save up to ₹50,000* per year using the Debit Card offers on your Stellar Debit Card.
  • MasterCard enabled Stellar Debit Card:
    • Mastercard has launched the MDES (Mastercard Digital Enablement Service) Token Connect in India to enable card-on-file and device tokens for debit and credit cards through issuer banks’ mobile and internet banking channels.
    • MDES Token Connect is a consumer-centric platform that supports issuer-initiated tokenization.
    • It aims to provide a convenient and secure way for cardholders to transact online.
    • Issuer banks can easily integrate their mobile and Internet banking platforms with MDES Token Connect.
    • These offerings are part of Federal Bank’s commitment to providing innovative solutions that meet the evolving needs of its customers.


Q.1 What is one of the benefits of the Stellar Savings Account?
a. Milestone Rewards
b. Free movie tickets
c. Discount on groceries
d. Free flight tickets
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