Fedbook Selfie Zero Balance Account is the latest offering from Federal Bank for the new and tech-savvy generation which counts on their mobile phones and the internet. The account comes with two amazing features – it is a zero balance account and can be opened by taking a selfie.. The banking services and features of this account are available for both Android and iOS smartphone users.
| Account Balance | Rate of Interest Per Annum |
| Less than Rs. 5 lakh | 3.05% |
| Rs. 5 lakh to less than Rs. 50 lakh |
3.05% for balance below Rs. 5 lakh 3.10% for balance of Rs. 5 lakh and above |
| Rs. 50 lakh to less than Rs. 2 crore | 3.05% for balance below Rs. 5 lakh 3.10% for balance of Rs. 5 lakhs to less than Rs. 50 lakh 3.75% for balance of Rs. 50 lakh and above |
| Rs. 2 crore to less than Rs. 5 crore | 3.05% for balance below Rs. 5 lakh 3.10% for balance of Rs. 5 lakh to less than Rs. 50 lakh 3.75% for balance of Rs. 50 lakh to less than Rs. 2 crore 4.00% for balance of Rs. 2 crores and above |
| Rs. 5 crore to less than Rs. 50 crore | 3.05% for balance up to and including Rs. 1 lakh 5.50% for the remaining balance above Rs. 1 lakh |
| Rs. 50 crore to less than Rs. 200 crore | 3.05% for balance up to and including Rs. 1 lakh 6.00% for the remaining balance above Rs. 1 lakh |
| Rs. 200 crore and above | 3.05% for the balance up to and including Rs. 1 Lakh 5.85% for the remaining balance above Rs. 1 Lakh |
Note: The above-mentioned interest rates are updated as on 7th June 2024. The rates above are calculated on the balances maintained at the end of the day and paid-off on a quarterly basis.