Neo Banking Platform Partnered With Federal Bank. It’s a zero-balance savings account. Open an account in 3 minutes.
✔ Earn 1% Rewards on your Debit Card & select UPI spending.
✔ Zero Balance Account, avoid hidden charges and maintenance fees
✔ Control your VISA Debit Card from the app. Freeze or unfreeze with a tap
| Minimum Balance | Zero Balance Account |
| NEFT/RTGS/UPI | Free |
| IMPS |
✔ No charges for the first 5 transactions ✔ From 6th IMPS transaction in a month, ✔ No charges if used under ₹1,000 ✔ ₹1,000 to ₹1 Lakh - ₹5 per transaction ✔ ₹1 Lakh to ₹2 Lakhs - ₹15 per transaction ✔ above ₹2 Lakhs - ₹17 per transaction |
| Debit Card |
Issue Charge : 199+GST Annual Charge : Nill, Free |
| Debit Card Transactions |
Federal Bank ATM unlimited Free Other Bank ✔ Free for first 5 transactions per month ✔ After 5 transactions, ₹21 for cash withdrawal & ₹10 for balance check or mini statement per transaction |
| Cash withdrawal from any ATM outside India |
₹100 per cash withdrawal + 3.5% forex fee |
