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A minimum balance for Federal Bank NRI account needs to be maintained if you want to keep the account active. This rule is mandatory for all banks’ accounts, irrespective of their type. However, the amount of money varies. In Federal Bank, the minimum balance differs as per the type of NRI account and it ranges from Rs 5,000 to Rs 1,00,000.
What is the Required Minimum Balance Federal Bank NRI Account?
The federal bank NRI account minimum balance varies based on the account type. Here is a list of them:
| Type of NRI Account | Required Minimum Balance Monthly |
Fed NRI Power |
Rs. 5,000 |
Fed NRI Premium |
Rs. 25,000 |
Fed NRI Privilege |
Rs. 1,00,000 |
Fed NRI Eve |
Rs 0 |
Fed NRE/NRO SB Online |
Rs. 5,000 |
Fed NRE/NRO Seafarer |
NRE Seafarer Rs 10000 NRO Seafarer Rs 5000 And Zero balance NRO Seafarer account if the AMB of the NRE Seafarer account is maintained |
Fed NRI Care |
Rs 1,000 |
If you want, you can apply to open a new bank account at Federal Bank or check the details on
Federal Bank’s official website.This is all the information I have about NRI account minimum balance Federal Bank.
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April 22, 2024
2024-04-22T08:44:01+00:00 2024-04-22T09:05:22+00:00Comment
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