Federal Bank Bengaluru
Last Updated : June 1, 2018, 3:22 p.m.
About Federal Bank
Federal bank, which was previously called as Travancore Federal Bank, is one of the private sector banks in our nation. The bank was established in the year 1931 during the pre-independence era. It’s headquarter is located in Aluva, Kochi, Kerala where it was shifted in the year 1945. It has an all round presence over the country with 1252 branches and 1516 ATMs. Federal Bank has constantly endeavored to take care of the fund’s requirement of the people. Its vision is very clear- ‘To turn into the most admired bank’.
The bank aims to keep all its focus on meeting the ultimate needs of the customers by delivering a wide range of loan products. It doesn’t only aim to meet but even outshine the expectation of the customers. Federal bank has touched several milestones in its 86 years journey. It ended up winning the Economic Times (ET) Best Corporate Brand 2016 award for its outstanding service. It became the first sponsor bank in India for White Label ATMs. It has received applause for its FedBook Selfie for which it even won Skoch Smart Technology Award 2015. Bengaluru is one of the prime cities of India and therefore has attracted special attention from Federal bank. The bank is always in active mode when it comes to the city.
Address of Federal Bank Branches in Bengaluru
| Branch Name | Address | IFSC | MICR | Customer Care |
|---|---|---|---|---|
| Residency Road | P B No. 25058, 44 & 45 Residency Road, Museum Road P O, Bangalore, 560025 , Karnataka | FDRL0001104 | 560049003 | 080-25591407 |
| Gandhi Nagar | P B No. 9981, No. 11, 1St Cross, Gandhi Nagar, Bangalore, 560009 , Karnataka | FDRL0001189 | 560049002 | 080-22385208 |
| Basavanagudi | No 70, Gandhi Bazar Main Road, First Floor, Basavanagudi, Bangalore, 560004 , Karnataka | FDRL0001318 | 560049004 | 080-26617616 |
| Rajaji Nagar | No. 60/60, Raj Chambers, Dr. Rajkumar Road, 2Nd Block, Rajaji Nagar, Bangalore, 560010 , Karnataka | FDRL0001334 | 560049005 | 080-23522007 |
| Jaya Nagar | K M Plaza, , Kanakapura Main Road, 30Th Cross, 7Th Block, Jayanagar, Bangalore, 560082 , Karnataka | FDRL0001387 | 560049006 | 080-26655558 |
| Marathahalli | 86/80, 1St Floor, Main Road, Marathahalli, Bangalore, 560037 , Karnataka | FDRL0001454 | 560049007 | 080-25227111 |
| Banaswadi | No.7, Ward No.88, Banaswadi Main Road, , Bangalore, 560043 , Karnataka | FDRL0001471 | 560049009 | 080-25420700 |
| Rt Nagar | No.20, Ist Main Road, 108 B Bus Station, Ganga Nagar, R T Nagar P O, Bangalore, 560032 , Karnataka | FDRL0001472 | 560049010 | 080-23434258 |
| Indiranagar | 315/1, 100 Feet Road, Opp Post Office, Indiranagar, Bangalore, 560038 , Karnataka | FDRL0001535 | 560049012 | 080-25212341 |
| Krishnarajapuram | Vsr Complex Old Madras Rd Krishnarajapuram Bangalore 560036, Karnataka | FDRL0001561 | 560049014 | 080-25619070 |
| Vignana Nagar | No 2 And 5 Sands Plaza Vignana Nagar Main Road Bangalore 560037 Karnataka | FDRL0001629 | 560049019 | 080 25238900 |
| Vijaya Nagar | # 21, 17Th Cross, Chord Road, Near Maruthi Mandir, Vijayanagar, Bangalore 560040 Karnataka | FDRL0001643 | 560049020 | 080 23159121, 23159123 |
| Jalahalli | 17/1, Savithri, S M Road, Bangalore - 560015. | FDRL0001582 | 560049015 | 080 28372201, 28372202 |
| Bangalore J P Nagar | U.D.N Altius, 100 Ft Ring Road, 6Th Phase, J P Nagar, Bangalore - 560078, Karnataka | FDRL0001897 | 577049523 | 9743223830 |
| Bangalore Hsr Layout | No.19, 15Th Cross, 15Th Main, Sector Iv, Hsr Layout , Bangalore - 560102 | FDRL0001769 | 560049024 | 9916989278 |
| Banashankari | Sudhama, No.299, 100Ft.Ring Road 4Th Phase, 7Th Block , Banashankari 3Rd Stage , Bangalore, Karnataka 560085 | FDRL0001781 | 560049026 | 1800-420-1199 |
| Bangalore | Garden City College, 16Th Km Old Madras Road, Virgonagar Post, Bangalore Urban Dist, Bangalore 560049 | FDRL0002201 | Non-MICR | 66487637 |
| Sadashivanagar | No 88 , Keerthi , 2Nd Main, Palace Guttahalli P O , Bangalore , Karnataka | FDRL0002198 | Non-MICR | 9916352599 |
| Bangalore / Funds & Investment | Funds And Investment Branch, No.11, 2Nd Floor, 1St Cross, Gandhinagar, Bangalore, 560009 , Karnataka | FDRL0000506 | 560049001 | 080-22201998 |
Products offered by Federal Bank
Federal bank has achieved customer satisfaction with its wide range of financial products including the likes of home loan, personal loan, fixed deposits, business loan and loan against property. The bank offers these products to suitable applicants who can pass the eligibility norms and can deposit the documents with failure. Check the eligibility criteria and documents required in the tables given below-
Basic details of Federal bank loans in Bengaluru
| 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 | The monthly salary should be Rs. 50,000 and above. Applicant’s maximum age should be 55 years. The applicant should be employed in the present job for at least three years 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% of the loan amount . It can be a minimum of Rs. 500. | New vehicle- 5 years Salaried- 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 |
