Top Banks 2024
Federal Bank Ahmedabad
Last Updated : June 1, 2018, 3:22 p.m.
About Federal Bank
Federal Bank is one of the prominent private sector banks which has its headquarter in Aluva, Kochi, Kerala. Formerly known as Travancore Federal Bank, it has 1252 branches and 1516 ATMs which are spread across 24 Indian states. It aims to be a customer-centric bank which can meet the needs of the customer and offer him/her greater experience. The bank is very clear with the vision of becoming most admired and praised bank by everyone.
It was established in the year 1931 and has its roots from the pre-independence period. It aims to devote balanced and proper attention to the financial requirements of the customer by delivering the best products and services. It has carved a niche for itself in the banking sector. It was the first bank in the nation that provided RTGS facility in all the branches.It was successful in winning the MasterCard Innovation Awards 2016 under two different categories. It won under ‘Acquiring Business Initiatives’ and ‘Debit Cards Initiatives’. In August 2015, it launched FedBook Selfie, which was first of its kind in our country. Federal bank has always gone out of its way to fulfill the financial needs of the people of Ahmedabad and keeping them satisfied. It is not only a responsible banker but also has played its part in Corporate Social Responsibility.
Address of Federal Bank Branches in Ahmedabad
| Branch Name | Address | IFSC | MICR | Customer Care |
|---|---|---|---|---|
| Ashram Road Branch | P B No. 4073, Ashram Road, Navarangpura P.O., Ahmedabad, 380009 , Gujarat | FDRL0001158 | 380049002 | 079-26585720 |
| Shaper Veraval | Near Shapar Bus Stop, Nh - 8B, Shaper Veravel, Gujarat - 360025 | FDRL0001801 | Non-MICR | 9673193239 |
| Ahmedabad Satellite | Sigma Icons, 132 Feet Ring Road, Shyamal Cross Road, Ahmedabad Gujarat - 380025 | FDRL0001800 | 380049005 | 9400230917 |
| Ahmedabad Iit Chandkheda | Near Dev Hub, Motera, Chandkheda, Gujarat - 382424 | FDRL0001799 | 380049004 | 9892584090 |
| Ahmedabad / Maninagar | Ground Floor, Elegance Arcade near Bank Of India, Station Road , Maninagar, Ahmedabad , Gujarat 380008 | FDRL0001879 | 380049006 | 1800-425-1199 |
| Ahmedabad Rch | 401 Rbs Opp Hk College, Ashram Road , Ahmedabad, Gujarat | FDRL0000315 | Non-MICR | 26582585 |
| Bhuj Merchantile Bank | Vyapar Bhavan , Mithakhali Six Road, Ahmedabad, Gujarat | FDRL01BMCOB | Non-MICR | 2226300 |
Products offered by Federal Bank Agra
Wish to build a home of your dreams? Want to buy a stylish car? Need immediate funds for a long trip to Europe? If you require finance for any of this situation, then you can always look forward to Federal bank to lend you a helping hand. The bank provides customers with a variety of products like home loan, personal loan, car loan, etc. All you need to do is to meet the eligibility criteria and complete the documentation work. You check the tables below for more information about the same.
Basic details of Federal bank loans in Ahmedabad
| Product | Eligibility | Loan amount | Interest rate | Processing fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | You must be a salaried employee or a self-employed or a business in order to avail a home loan from the bank. The total employment stability needs to be at least 2 years. Current employment stability of minimum 1 year is required. | Up to Rs. 1500 Lakhs | 10.15% - 10.30% | Up to 30 years | |
| Personal loan | Not applicable here Only applicants in the cities selected by bank can apply. They are Bengaluru, New Delhi & NCR, Chennai, Mumbai, Kochi, Pune and Thiruvananthapuram | Rs. 10 Lakhs | 10.49% - 17.99% | 48 months i.e. 4 years | |
| Car Loan | The applicant should take home a minimum of Rs 7500 after meeting all monthly EMI commitments. This also includes the proposed one. Resident individuals and big corporates can apply for a car loan from the bank | 7.65% Onwards | 0.50% pf the loan amount . It can be a minimum of Rs. 500. | New vehicle- 5 years For Salaried individual- 7 years Old car- 5 years | |
| Fixed deposits | People who can open a fixed deposit with the bank- An individual Hindu United Family Associations/Clubs Joint Stock companies Firms Sole Proprietary concerns Guardians for minor children Any entity which has not been prohibited by Reserve Bank of India Individuals can jointly open an account with another person | The minimum amount required for a fixed deposit at Federal Bank is Rs. 1,000. No maximum limit has been set as such. You can get a loan against your fixed deposits upto 90% of the deposit | 2.50% - 6.00% | NIL | Minimum- 7 days Maximum- 10 years |
| Gold Loan | Any individual who owns gold coins or ornaments is eligible to apply for a gold loan | Up to Rs. 75 lakhs | 12.50-13.50% | 12 months | |
| Education Loan | The applicant should be an Indian national He/she needs to secure admission into one of the institutes selected by the bank | Up to Rs 20 Lakhs | 10.15-14.75% | No processing fee | 10 years |
| Property Loan | Individuals (Residents, Non-residents, PIOs) can apply | Up to Rs 5 crore | 11.65-14.9% | 1% of the sanctioned amount | Up to 15 years |
| Business Loan | Firms, individuals or any company can apply | For professionals- up to Rs 2 crore | 11.50% | Up to 120 months i.e 10 years |
Documents required
| Product | Documents |
|---|---|
| Home loan | Two photographs of passport size of the applicant and the co obligant Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill Proof of Age- Birth Certificate/Passport/ SSLC or AISSE Certificate/Driving License Proof of Income- Salaried individuals: Salary slip of three months /Latest salary certificate, IT returns of the past two years or Form 16 bank statement of the past six months. Self-employed- Bank account statements of the past 12 months proof of existence of business and its profile Income Tax returns of the previous two years along with Balance Sheet/ Profit & Loss account IT returns of the past two years supported by tax calculation sheet Property documents- Agreement for Sale & construction, Letter of Allotment, Tripartite Agreement which has to be given before disbursal of loan, Certificate of possession, Detailed cost of construction and Land tax receipt. |
| Personal Loan | Completely filled application form which is duly signed Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill A copy of PAN card is mandatory Applicant’s latest photo of passport size ( two copies) Income Documents- Salary slip of three months /Latest salary certificate, IT returns of the past two years or Form 16 and bank statement of the past six months |
| Car loan | Two photographs of passport size of the applicant and the co obligant Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill Proof of Age- Birth Certificate/Passport/ SSLC or AISSE Certificate/Driving License Proof of Income- Salaried individuals: Salary slip of three months /Latest salary certificate, IT returns of the past two years or Form 16 bank statement of the past six months. Self-employed- Bank account statements of the past 12 months proof of existence of business and its profile Income Tax returns of the previous two years along with Balance Sheet/ Profit & Loss account IT returns of the past two years supported by tax calculation sheet Other documents- Invoice Own house proof or latest land tax receipt In case of used car, Valuation and sale letter from an authorised used car dealer Some property documents if loan amount is above 10 Lakhs- document of title, possession certificate, EC for 13 years location sketch |
| Gold loan | In case you are new customer, you require the following documents- Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card Recent photograph of passport size Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill/Trade license/Sales tax certificate |
| Loan against property | Two photographs of passport size of the applicant and the co obligant Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill Proof of Age- Birth Certificate/Passport/ SSLC or AISSE Certificate/Driving License Proof of Income- Salaried individuals: Salary slip of three months /Latest salary certificate, IT returns of the past two years or Form 16 bank statement of the past six months. Self-employed- Bank account statements of the past 12 months proof of existence of business and its profile Income Tax returns of the previous two years along with Balance Sheet/ Profit & Loss account IT returns of the past two years supported by tax calculation sheet Property documents- Agreement for Sale & construction, Letter of Allotment, Tripartite Agreement which has to be given before disbursal of loan, Certificate of possession, Detailed cost of construction and Land tax receipt. |
| Education loan | Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill Admission letter/Offer letter Fee structure proof Basic Qualification and mark-list |
| Fixed deposits | A coloured photograph Passport/ Driving License Last six months bank account details Documents required from the trust, association/ clubs Photographs of the member operating the account. A Copy of the Trust Deed/ Bye- laws of the association. A Copy of registration certificate. A Copy of the resolution of trustee authorizing the member to operate and open the accounts |
| Business Loan | Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill Bank statement of the last six months Proof of continuation -ITR /Establishment / Trade license/Sales Tax certificate Income Tax returns of the previous two years along with audited Balance Sheet and Profit & Loss account if applicable |
