Federal Bank Chennai
Last Updated : Feb. 29, 2020, 3:40 p.m.
About Federal Bank
Federal bank is a leading private sector commercial bank which has its origin in the pre-independence era. The bank is headquartered in the beautiful city of Kochi, Kerala lying on the banks of Periyar river. It was formed in the 1931 and since then has managed to leave a place for itself in the hearts of the customer. It aims to become the most admired bank by giving customers a satisfying experience. Federal bank wishes to reach every corner of India and has thus spread its branches and ATMs to different states of the nation. It follows the simple motto of delivering the best service possible.
Federal bank has been able to perform well on all the parameters. It is one of the first traditional banks that ensured that all the branches are inter-connected with each other. It brought another new revolution in the banking sector when it introduced e-shopping payment gateway. One of the best innovations the bank has ever made is- FedBook i.e. a mobile based passbook. This eradicated the need to go a home branch in order to get one’s passbook updated. The innovation reaped rewards. The bank received ‘Skoch Smart Technology Award 2015’ for its FedBook Selfie. Federal bank has always been one step ahead when it comes to taking charge of the needs of people residing in Chennai.
Address of Federal Bank branches in Chennai
| Branch Name | Address | IFSC | MICR | Customer Care |
|---|---|---|---|---|
| Anna Nagar | C 48, Tnhb Complex, Iind Avenue, Anna Nagar, Chennai, 600040 , Tamil Nadu | FDRL0001324 | 600049006 | 044-26216008 |
| Mount Road | S V S Club Building, 61, Anna Salai, Mount Road, Chennai, 600002 , Tamil Nadu | FDRL0001100 | 600049003 | 044-28512561 |
| George Town | Voltas International Centre, 52 (New No 107), Armenian Street, George Town, Chennai, 600001 , Tamil Nadu | FDRL0001181 | 600049002 | 044-25342327 |
| Rajaram Mehta Nagar | 1St Floor, # 25, Nelson Manickam Road, Rajaram Mehta Nagar, Chennai, 600029 , Tamil Nadu | FDRL0001233 | 600049004 | 044-23740563 |
| Royapettah | P B No. 5569, No.1, Beemasena Garden, Royapettah High Road, , Mylapore, Chennai, 600004 , Tamil Nadu | FDRL0001282 | 600049005 | 044-24993441 |
| T Nagar | Second Floor, Gold Crest, 54 - 55, North Usman Road, T Nagar, Chennai, 600017 , Tamil Nadu | FDRL0001386 | 600049007 | 044-28158717 |
| Adyar | Door No.46 (Opp. To Impcops), Lattice Bridge Road, , Chennai, 600041 , Tamil Nadu | FDRL0001441 | 600049008 | 044-24404058 |
| Vadapalani | Sri Valli Towers, 86.Jawaharlal Nehru Road, (100 Feet Road), Chennai / Vadapalani, 600026 , Tamil Nadu | FDRL0001444 | 600049009 | 044-24812969 |
| Cms | 61, Anna Salai, Chennai 600002 , Tamilnadu | FDRL0001444 | 600049009 | 044-28510645 |
| Purasawalkam | Door No.47, Gangadeeswarar Koil Street, Purasawalkam, Chennai, 600084 , Tamil Nadu | FDRL0001457 | 600049011 | 044-26651129 |
| Perambur | No.39, Srp Koil Street , North Street, Tvk Nagar , Perambur West , Chennai 600082 Tamil Nadu | FDRL0001933 | 600049027 | 1800-425-1199 |
| Chennai Mount Road Extension | Asan Memorial Senior Secondary School No 1 Anderson Road Chennai 60006 Tamil Nadu | FDRL0001521 | 600049028 | 0442 28272213 |
| Tambaram | 58 Ground Floor Kakkan St West Tambaram Chennai 6000045 Tamil Nadu | FDRL0001536 | 600049012 | 044-22261114 22261115 |
| Porur | 4/70 Arcot Road Porur Chennai 600116 Tamil Nadu | FDRL0001564 | 600049015 | 044-24763791 |
| Chennai Zonal Office | Bhattad Tower First Floor 30 West Cott Road Royapettah Chennai 600014, Tamil Nadu | FDRL0000171 | Non-MICR | 91-44-28587516 |
| Funds & Investment | 62 (Upstairs), Mount Road, Chennai, 600002 , Tamil Nadu | FDRL0000502 | 600049001 | 044-28583306 |
Products offered by Federal Bank
Federal bank has always believed in keeping the customer satisfied by offering much needed financial products from time to time. You can avail any loan from the bank, be it a car loan or a business loan or a personal loan or even take a loan against property. The bank gives wings to the dreams of people who wish to buy a home, by offering a home loan . Anybody can secure a loan from Federal bank. All he/she needs to do is fulfill the eligibility norms and deposit the documents. To get more information about the products offered by the bank, have a look at the tables-
Basic details of Federal bank loans in Chennai
| 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 |
