Top Banks 2024
Federal Bank Kolkata
Last Updated : Jan. 31, 2017, 11:16 a.m.
About Federal Bank
Federal bank which was incorporated in 1931, is one of India’s well-known commercial private sector banks. Before it got the name ‘Federal Bank Limited’ in the year 1947, it was known by the name Travancore bank. The bank commenced its operations with a capital of Rs. 5,000 on April 28, 1931, in Thiruvalla. On May 18, 1945, the bank moved to its current head office in Aluva which is part of the spellbounding city of Kochi. Within the next year, the bank was successful in opening its second branch in Angamally. After that, there has been no looking back from the bank. It has made a name for itself in the banking world. Today the bank has more than 1000 ATMs and branches in the entire nation, which are always available to serve the people. Federal bank has also opened up an office in Abu Dhabi so that it can act like a linking pin for the NRI customers based in UAE.
Federal bank has never hesitated when it comes to innovation, whether it was the introduction of FedBook or offering customers Virtual Accounting System. This has attracted applauds from all the corners, be it the industry or the customer. It is the first traditional commercial bank which got listed on the London Stock Exchange and the first which issued GDR. Kolkata has always been a major contributor to India’s GDP and Federal Bank is going out of the box to meet the growing financial needs of the city.
Address of Federal Bank branches in Kolkata
| Branch Name | Address | IFSC | MICR | Contact Details |
|---|---|---|---|---|
| C.R.Avenue | 8 Chittaranjan Avenue, Kolkata, 700072, West Bengal | FDRL0001103 | 700049005 | 033-22126352 |
| Burra Bazar | 33A Tara Chand Dutta Street, Burra Bazar, , Kolkata, 700073 , West Bengal | FDRL0001157 | 700049003 | 033-22715091 |
| Rn Mukherjee Road | Martin Burn House, 1, R.N. Mukherjee Road, Kolkata, 700001, West Bengal | FDRL0001200 | 700049006 | 033-22434070 |
| Tangra | 52/D, Radhanath Chowdhury Road, Tangra, , Kolkata, 700015 , West Bengal | FDRL0001237 | : 700049007 | 033-23296076 |
| Ballygunge | 1/D, Mandeville Gardens, Ballygunge,Kolkata, 700019 , West Bengal | FDRL0001284 | 700049002 | 033-24403902 |
| Bhowanipore | 4/1 Lala Lajpat Rai Sarani, Elgin Road, Bhowanipore, 700020 , West Bengal | FDRL0001304 | 700049004 | 033-22832452 |
| Kolkata New Market | 13, Lindsay Street, 1St Floor, New Market, , Kolkata, 700087 , West Bengal | FDRL0001313 | 700049009 | 033-22529272 |
| Behala | 514 Diamond Harbour Road, Behala, Kolkata, 700034 , West Bengal | FDRL0001314 | 700049008 | 033-23973167 |
| Shakespeare Sarani | Shakespeare Sarani Branch, 1 Floor, Shakespeare Court, 21A, Shakespeare Sarani, Kolkata, 700017 , West Bengal | FDRL0001400 | 700049012 | 033-22828292 |
| Tangra Extension | Don Bosco School Park Circus Kolkata 700017 West Bengal | FDRL0001514 | 700049015 | 033 22805869 |
| Rabindra Sarani | Poddar Court 18 Rabindra Sarani Kolkata - 700001 West Bengal | FDRL0001623 | 700049014 | 033 22371657 22371658 |
| Ultadanga | Merlin Warden TF Lakeview, Block Superior, 104 Bidhan Nagar Road, Kolkata , West Bengal | FDRL0001938 | 700049017 | 033-23560111 |
| VIP Road | VIP Road, Dhalipara, Teghoria, Dakhin Mart Kaikhali, Kolkata, West Bengal 700059 | FDRL0001985 | Non-MICR | 1800-425-1199 |
| Bbd Bagh | Olisa House, 4, Government Place North, Gpo ( General Post Office)Kolkata - 700001, West Bengal | FDRL0002153 | Non-MICR | 1800-425-1199 |
| Rashbehari Avenue | 152, Sp Mukherjee Road, Kalighat P O, Kolkata District, West Bengal | FDRL0002162 | Non-MICR | 23990235 |
Products offered by Federal Bank
Federal bank offers well-structured products and services like NRI banking, personal banking, Corporate banking and SME-business banking. Don’t apply a brake on your dreams when Federal bank is there to lay a foundation stone for them. Home loan, car loan or personal loan, the bank has options for all the needs anytime you want. You just have to see that you fulfill the eligibility norms and also submit the documents to the bank on time. Check the tables below for more information.
Basic details of Federal bank loans in Kolkata
| 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 |