Top Banks 2024
Federal Bank New Delhi
Last Updated : Jan. 31, 2017, 8:16 p.m.
About Federal bank
Federal bank is one of India’s leading bank in the private sector which has constantly strived to work for the people of the country. For a modest beginning in 1931 with a capital of Rs. 5,000, the bank today stands proudly as one of the most stable financial institutions in India. Previously referred as Travancore bank, the bank got its name as Federal Bank Limited in the year 1947, when India finally got its independence from the British. The bank has its main headquarters in Aluva, Kochi , where it was relocated in 1945. In the 1970s the bank witnessed massive expansion in terms of branches and financial products. By 1977, the bank was successful in raising its capital to Rs. 100 Lakhs up from Rs. 10.66 Lakhs. The bank has always thought from a customer point of view and therefore has delivered products that match their preferences.
It was the first traditional bank which acted as a sponsor for White Label ATMs in the nation. From offering Virtual Accounting System (VAS) to introducing FedBook, the bank has done it all. It even ensured that it is one of the first banks to get all the branches interconnected and automated, so as to accelerate the entire banking process. New Delhi is not only the capital of India but the lifeline of the country as well. People from different states come to the city every day. Federal bank is also working all round the corner to take care of the budding needs of the population of the city.
Address of Federal Bank branches in New Delhi
| Branch | Address | IFSC | MICR | Contact details |
|---|---|---|---|---|
| Connaught Circus | M - 17, Connaught Circus, New Delhi, Delhi, New Delhi, 110001 , New Delhi | FDRL0001105 | 110049002 | 1800-425-1199 |
| Westend Colony | 6 & 7 Convenient Shopping Centre, Westend Colony, , New Delhi, 110021 , New Delhi | FDRL0001194 | 110049004 | 1800-425-1199 |
| Chandni Chowk | 64, Katra Baryan, Chandni Chowk, Fatehpuri, , Delhi, 110006 , New Delhi | FDRL0001262 | 110049003 | 1800-425-1199 |
| Nehru Place | G.I - 6 Satkar Building, 79 - 80 Nehru Place, , New Delhi, 110019 , New Delhi | FDRL0001302 | 110049005 | 1800-425-1199 |
| Greater Kailash II | S - 571, Greater Kailash - II New Delhi, 110048 , New Delhi | FDRL0001360 | 110049008 | 011-29212094 |
| Karol Bagh | 1001, Faiz Road, Arya Samaj Road Crossing, Karol Bagh, New Delhi, 110005 , New Delhi | FDRL0001382 | 110049009 | 011-28752984 |
| Nirman Vihar | E - 372, , Ground Floor, Nirman Vihar, New Delhi, 110092 , New Delhi | FDRL0001451 | 110049013 | 011-22440956 |
| Pritampura | Ground Floor, B - 156, Lok Vihar, Road No.44, Pitampura, 110034 , New Delhi | FDRL0001453 | 110049014 | 011-27354333 |
| Rohini | Ist Floor, Sgl Plaza, Plot No.10, Community Centre, Sector Ix, D C Chowk, Rohini, , 110085 , New Delhi | FDRL0001474 | 110049015 | 011-27556501 |
| Mayur Vihar | Uttara Guruvayurappan Temple Cmplx, East Gate, Krishna Marg, Pocket - 3, Mayur Vihar Phase - 1, East Delhi, 110091 , New Delhi | FDRL0001478 | 110049016 | 011-22717291 |
| New Delhi Vyk Extension | Viswa Yuvak Kendra Circular Road Chankyapuri New Delhi 110021 | FDRL0001523 | 110049002 | 011 23793053 |
Products offered by Bank
Federal bank provides its customers with a variety of loan products like home loan, car loan, personal loan, educational loan and business loan. You can even open a savings account or a fixed deposit account with the bank. In case, you require funds for any purpose you can always expect a helping hand from the bank. To have a better understanding of the products offered by Federal bank, take a look at the table below.
Basic details of Federal bank loans in New Delhi
| 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 |