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Federal Bank Ahmedabad

Federal Bank Ahmedabad

Last Updated : Jan. 28, 2017, 12:32 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 NameAddressIFSCMICRCustomer Care
Ashram Road BranchP B No. 4073, Ashram Road, Navarangpura P.O., Ahmedabad, 380009 , GujaratFDRL0001158380049002079-26585720
Shaper VeravalNear Shapar Bus Stop, Nh - 8B, Shaper Veravel, Gujarat - 360025FDRL0001801Non-MICR9673193239
Ahmedabad SatelliteSigma Icons, 132 Feet Ring Road, Shyamal Cross Road, Ahmedabad Gujarat - 380025FDRL00018003800490059400230917
Ahmedabad Iit ChandkhedaNear Dev Hub, Motera, Chandkheda, Gujarat - 382424FDRL00017993800490049892584090
Ahmedabad / ManinagarGround Floor, Elegance Arcade near Bank Of India, Station Road , Maninagar, Ahmedabad , Gujarat 380008FDRL00018793800490061800-425-1199
Ahmedabad Rch401 Rbs Opp Hk College, Ashram Road , Ahmedabad, GujaratFDRL0000315Non-MICR26582585
Bhuj Merchantile BankVyapar Bhavan , Mithakhali Six Road, Ahmedabad, GujaratFDRL01BMCOBNon-MICR2226300

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

ProductEligibilityLoan amountInterest rateProcessing feeTenure
Home LoanYou 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 Lakhs10.15% - 10.30%Up to 30 years
Personal loanNot 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 Lakhs10.49% - 17.99%48 months i.e. 4 years
Car LoanThe 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% Onwards0.50% 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 depositsPeople 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%NILMinimum- 7 days
Maximum- 10 years
Gold LoanAny individual who owns gold coins or ornaments is eligible to apply for a gold loanUp to Rs. 75 lakhs12.50-13.50%12 months
Education LoanThe 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 Lakhs10.15-14.75%No processing fee10 years
Property LoanIndividuals (Residents, Non-residents, PIOs) can applyUp to Rs 5 crore11.65-14.9%1% of the sanctioned amountUp to 15 years
Business LoanFirms, individuals or any company can applyFor professionals- up to Rs 2 crore11.50%Up to 120 months i.e
10 years

Documents required

ProductDocuments
Home loanTwo 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 LoanCompletely 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 loanTwo 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 loanIn 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 propertyTwo 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 loanProof 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 depositsA 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 LoanProof 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

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