Shreni Savings Account

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Shreni Savings Account

Secure your savings with Federal Bank Shreni Savings Account—high returns, easy access, and exclusive benefits for business owners.

  • cheque availibilty
  • penalty for nonmaintenance
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Details for Shreni Savings Account

Federal Bank Shreni Savings Account is designed for businesses and self-employed individuals, offering high interest rates, seamless digital banking, and exclusive perks. Enjoy easy transactions, overdraft facilities, and tailored financial solutions to grow your business effortlessly.

Interest Rate

7.00%

Withdrawal Limit

Not available

Transaction Limit

Not available

Minimum Balance Required

  • 1,00,000/-

Eligibility Criteria for Opening an Account

  • Trusts whose entire income is exempt from payment of Income-tax under the Income-Tax Act, 1961
  • Primary Co-operative Credit Society which is being financed by the bank.
  • Khadi and Village Industries Boards.
  • Agriculture Produce Market Committees.
  • Societies and Housing cooperative Societies.
  • Clubs
  • Association
  • Section 25/Section 8 companies.
  • Institutions other than those mentioned below in prohibitions and whose entire income is exempt from payment of Income-tax under the Income-Tax Act, 1961
  • Non-Governmental organisations (NGOs)
  • Development of Women and Children in Rural Areas (DWCRA)
  • Self-help Groups (SHGs), registered or unregistered, which are engaged in promoting savings habits among their members
  • Farmers' Clubs – Vikas Volunteer Vahini – VVV

Additional Benefits

  • Free Internet and Mobile Banking, Mobile Alert and E-Mail Alerts.
  • Free Cash withdrawal charges, Free Cheque Book and Unlimited Issue of Demand Drafts
  • No AMB stipulation
  • 50 transactions Free per quarter
  • NEFT Free
  • For RTGS charges are waived if AMB maintained is greater than Rs. 1,00,000/- in the previous month.